$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

Perched high above the city, this 4 bed, 3.5 bath, 4,806 sq ft estate delivers a view that has to be seen to be believed. From the curved wall of floor to ceiling windows in the great room to the wraparound quartzite patios, every angle of this home frames downtown Reno, the Truckee Meadows, and the Sierra Nevada mountains below. This is the kind of view that stops people in their tracks, day or night. Set on 11.5 private acres behind a gated entrance, this estate was built for both everyday living and serious entertaining. The kitchen features a Sub-Zero refrigerator, a Hallman Italian stove, and a wet bar, all under that same incredible view. Custom and antique imported light fixtures are found throughout the home, and the primary suite offers heated floors, a fireplace, and a generous walk in closet. Outside, the lifestyle continues. A heated pool and pool house with outdoor shower make this an entertainer's dream, while a barn, working farm area, and a graded, build ready pad for a guest house give the new owner room to grow, build, or simply spread out. Few properties in Reno, Lake Tahoe, or anywhere in Northern Nevada offer this kind of privacy, acreage, and unobstructed skyline view in one package. For buyers relocating from the Bay Area, Sacramento, Southern California, or anywhere seeking Nevada's tax friendly lifestyle without giving up luxury, convenience, or a world class view, 70 Bear Mountain Place is a rare find. An additional 3 acres adjoining the property is also available for purchase separately, offering even more flexibility for the right buyer. Minutes from downtown Reno and Reno Tahoe International Airport, and just over an hour from Lake Tahoe's ski resorts and beaches, this is mountain modern luxury living at its finest. Additional 3 acres available separately, inquire for details.

Listed by Jacqueline Mead — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260007326
Days on Market 49
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 11.54 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
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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
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%
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