$995,000 Active
700 Twin Lakes Drive
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·

About This Property

Tucked beside a private lake on a quiet West Reno road, this rare property offers two separate homes on a spacious 0.59-acre lot. Enjoy peaceful surroundings, open space, and the charm of having your own retreat just minutes from town. Whether you're looking for a primary residence with additional income, multi-generational living, or an investment, this property delivers flexibility and a setting that's hard to replicate. Conveniently located with easy freeway access and just 30 minutes to Lake Tahoe and world-class ski resorts. One home is currently vacant, offering immediate move-in or rental opportunity, while the other provides in-place income. Remodeled 2 bed / 1 bath and 3 bed / 2 bath homes with separate parking, shared well and septic, and tenants paying all utilities.

Listed by Miranda Vaulet — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260005344
Days on Market 35

Property History

May 01, 2026
Listed for sale
$995,000
Property Overview
Beds 5
Lot Size 0.59 acres
Stories 1
Year Built 1963
Property Type MLF
STR Jurisdiction Washoe County
APN 400-161-06
Parking
Parking Features Attached, Garage, RV Access/Parking, Varies by Unit
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Adjoins Lake, Landscaped, Level
Construction Wood Siding
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Wall Furnace
Cooling Varies By Unit
Financial
Annual Tax $1,642
Schools
Elementary School Warner
Middle School Clayton
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% ($199,000)
Home price
$995,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

Send a Message

By submitting, you agree to our Terms of Service and Privacy Policy and consent to being contacted by Kristina Mattson.

Or call directly: 530.613.5207