$5,777,777 Active
7777 Lakeside Drive
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.0 Baths
·
4,094 Sq Ft
Virtual Tour

About This Property

You've driven past it for years, marveled at its presence, and wondered what lay beyond the gates. Now, for the first time in history the doors are open and we welcome you inside. We are proud to introduce a Lakeside Drive staple, one of Reno's most recognizable landmarks and a true mid-century modern masterpiece. Held by the original founding family since its inception in 1962, this iconic estate is making its market debut offering a once-in-a-lifetime opportunity to own a living piece of architectural art. The journey begins as you travel up the curved flower-lined driveway revealing nearly eight acres of meticulously manicured park-like grounds. As one of the largest and most sought-after parcels in the area, the estate immediately establishes a sense of grand scale and total privacy. Step through the beautiful entryway into the main residence where soaring floor-to-ceiling windows frame the living canvas - a giant, natural spring-fed pond. This vibrant space provides a private sanctuary for fish, turtles, local wildlife and a breathtaking array of migratory birds. Designed for the grand entertainer, the home features two massive fireplaces, one in the living room and another in the family room. The family room features a full wet bar and a striking interior waterfall and pond that flows seamlessly toward a luscious 12-foot-tall living tree and an indoor-outdoor patio that frames another stunning view of the property's manicured landscaping. The residential wing is bathed in abundant natural light offering two spacious bedrooms and a primary suite that serves as a private retreat. The bathrooms are a masterclass in bespoke luxury featuring a pristine, flawlessly preserved primary bath and a secondary bath with dual sinks and custom vanities designed to make you feel as though you are getting ready for the Oscars. All bedrooms have full custom built-in drawers and cabinets with ample closet space. Beyond the visible luxury lies an unparalleled infrastructure of craftsmanship, security, and self-sufficiency. Beneath the home lies a secure in-ground bunker fully equipped with an air-filtration system, access to well water, hot water, a fireplace and a separate wine storage area. While perfectly connected to the grid for modern convenience, the estate possesses the rare capability to operate independently, powered by its own 30 KV / 30 KW generator and a private water well. For further protection, it also comes with its own fire suppression system featuring two independent pumps each with 300 feet of inch-and-a-half fire hose. The outdoor amenities rival those of a private resort centered around a gorgeous swimming pool with a diving board and slide that is filled by the property's natural springs offering a cleaner, low-chemical swim. Just steps from the water sits a detached recently updated Accessory Dwelling Unit. Featuring three spacious bedrooms and two-and-a-half baths, this highly functional secondary residence offers endless lifestyle flexibility. It stands ready to serve as a private haven for extended family, a premium income-producing rental, or the ultimate pool and entertainment house that complements the large-scale outdoor grounds. A final pièce de résistance is the entertainment area along the pond complete with a patio, built-in grill, fireplace, and its own spring-fed waterfall. It is perfect for quiet reflective mornings, hosting a tea party or a summer BBQ. This estate is not just a home, it is a family compound and an enduring legacy to the history of Reno.

Listed by Maxwell Giesler — Dickson Realty - Damonte Ranch

Listing Details

Status Active
MLS # 260007825
Price/Sq Ft $1,411

Property History

Jun 18, 2026
Listed for sale
$5,777,777
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 4,094
Lot Size 7.83 acres
Stories 1
Year Built 1963
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 222-060-39
Parking
Garage Spaces 7
Total Parking 15
Parking Features Additional Parking, Attached, Carport, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Rain Gutters, RV Hookup
Lot Features Gentle Sloping, Landscaped, Level, Pasture, Rolling Slope, Sprinklers In Front, Sprinklers In Rear, Steep Slope, Other
View Mountain(s), Ski Resort
Construction Insulation - Foam, Insulation - Batts, Glass, Steel Frame, Stone, Other
Roof Flat, Pitched
Foundation Concrete Perimeter, Crawl Space, Full Perimeter, Slab
Pool & Spa
Pool Heated, In Ground
Utilities & Systems
Heating Fireplace(s), Forced Air, Oil, Radiant Floor
Cooling Central Air
Water Source Personal Pond
Financial
Annual Tax $9,790
Schools
Elementary School Huffaker
Middle School Pine
High School Galena
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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% ($1,155,555)
Home price
$5,777,777
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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