$4,650,000 Active
70 Bear Mountain Place
Reno, NV 89519
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
4,806 Sq Ft
Virtual Tour

About This Property

Imagine waking above the city, where the first light of day stretches across the Sierra Nevada and panoramic views span the mountains, valley, and city skyline below. At this estate, luxury is defined by rarity. Set behind a private gate on 14.5 acres, this extraordinary estate offers a level of privacy, space, and natural beauty that is seldom found and nearly impossible to recreate. From its elevated setting, the views are among the finest in Reno, creating a breathtaking backdrop that changes with every season and every sunset. Yet what makes Bear Mountain truly exceptional is its connection to the best of Northern Nevada living. The renowned Steamboat Ditch and Hunter Creek trail systems are moments away, while the Truckee River, Midtown's dining and cultural scene, top-rated schools, private golf clubs, Reno-Tahoe International Airport, and the year-round recreation of Lake Tahoe are all within easy reach. Life here is defined by freedom and possibility. Mornings begin with coffee overlooking the valley below. Afternoons are spent on the trails, horseback riding through open space, or entertaining family and friends against a backdrop of endless views. Evenings conclude beneath a canopy of stars, with the city lights twinkling in the distance. Adding to the property's rarity, the estate is in the final stages of approval for a separate 3-acre parcel, offering the opportunity to create a guest residence, family compound, future homesite, or valuable standalone asset. Few properties offer not only an extraordinary lifestyle today, but also the ability to create a lasting legacy for generations to come. Welcome to one of Reno's most exceptional lifestyle properties.

Listed by Jacqueline Mead — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260007326
Days on Market 4
Price/Sq Ft $968

Property History

Jun 09, 2026
Listed for sale
$4,650,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 4,806
Lot Size 14.54 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 041-051-59
Parking
Garage Spaces 3
Total Parking 10
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Dog Run, Fire Pit, Outdoor Kitchen, Rain Gutters, RV Hookup
Lot Features Cul-De-Sac, Landscaped, Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Desert, Meadow, Mountain(s), Park/Greenbelt, Valley
Construction Stucco
Roof Pitched, Tile
Foundation Insulated Foundation, Crawl Space
Pool & Spa
Pool Heated, In Ground, Outdoor Pool, Pool/Spa Combo
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas, Radiant Floor
Cooling Central Air
Financial
Annual Tax $18,797
Schools
Elementary School Gomm
Middle School Swope
High School Reno
📊

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($930,000)
Home price
$4,650,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

Send a Message

Or call directly: 530.613.5207