$13,500,000 Active
631 California Avenue
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
8 Beds
·
11.5 Baths
·
14,727 Sq Ft
Virtual Tour

About This Property

In 1907 this luxurious Riverfront estate was built "ON THE BLUFFS" in the heart of Reno. It is known as one of Reno's most significant Historic Estates and is presented as an institutional grade Legacy property. The Mansion's scale, layout, and architectural gravitas lends itself to naturally be used as a family office headquarters, private foundation, flagship professional office or hybrid live/work estate, while still offering the option of an extraordinary private residence. Set above the Truckee River on over two acres, the Estate offers more than 17,000 square feet across four elevator-served levels, meticulously restored to preserve its architectural integrity while displaying panoramic and stunning views of Downtown Reno, Peavine Mountains and the North Valleys. With documented provenance, East Coast-inspired design, and irreplaceable riverfront land within the city core, the Nixon Mansion stands apart as a true Legacy asset rather than a conventional residential offering. Parking solutions, including valet and motor court configurations, are available.

Listed by Donna Spear — Chase International-Damonte

Listing Details

Status Active
MLS # 240007167
Days on Market 698
Price/Sq Ft $917

Property History

Jun 08, 2024
Listed for sale
$13,500,000
Property Overview
Beds 8
Baths 11.5
Sq. Ft. 14,727
Lot Size 2.03 acres
Stories 3
Year Built 1907
Property Type Single Family Residence
Subdivision Newlands Heights
APN 011-141-34
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick, Stucco
Roof Pitched, Tile
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas, Radiant Floor
Cooling Central Air, Evaporative Cooling
Financial
Annual Tax $42,478
Schools
Elementary School Beck
Middle School Swope
High School Reno
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($2,700,000)
Home price
$13,500,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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