$999,900 Active
885 Serenity Place
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,800 Sq Ft

About This Property

Financing Options Available! Nestled against the stunning backdrop of the high desert in Palomino Valley, you'll find 885 Serenity Place. With over 81 acres backing to undeveloped acreage, this parcel offers nothing but ultimate privacy and peaceful country living. Constructed in 2024, masterfully designed with no detail overlooked, this 'almost new' home features 3 bedrooms, 2 bathrooms and a thoughtfully designed open concept living area. Complete with wide hallways, high ceilings, wood-burning stove, & abundant natural light where every window showcases the surrounding mountain and desertscape views. The showstopping kitchen features new stainless-steel appliances, ample cabinet space, soft-close cabinetry, a walk-in pantry, a large island, and adjacent dining area. The primary bedroom offers a walk-in closet, & en-suite bathroom complete with a tremendous marble walk-in shower with elegant glass doors & dual shower heads for a relaxing spa-like experience. This layout offers 2 additional spacious bedrooms, a large second bathroom, and a full laundry room. Additional updates to this home include a whole-house Water Filtration System, air conditioning, and an over-sized 2-car garage- complete with HVAC, bonus attic storage, and 2 8Ft tall garage doors. This home is situated on a sprawling 40.723 acre parcel, also being sold with the adjacent 40.46-acre parcel & backing up to undeveloped acreage. You'll enjoy over 81 Acres of serene privacy with endless possibilities- Ample space to add barns, arenas, agricultural, gardens, workshops, or more. This property features a private shooting range with steel targets sprawling the mountainside, a Connex Box for additional storage, a fenced area with bonus dog-run, & the covered patio areas which offer the perfect place to enjoy your morning coffee while watching the sun meet the mountains with alpenglow. Adding to the property's charm is a custom-built She-Shed; thoughtfully designed and set apart from the main home- offering a personal getaway, home office, or guest overflow space surrounded by sagebrush and wildflowers. This off-grid oasis is fully powered by its high efficiency solar panel system; designed for independence without sacrificing any modern convenience. Complete with 16 335-Watt Panels, 12 270 amp hour BattleBorn Lithium-Ion batteries, Sol Ark 15K emp Hardened Inverter, and a back-up Kohler 14 KW propane Generator with auto-start feature - ensuring reliable power at all times. The batteries include a transferrable warranty for the new owner to enjoy for many years to come. This system is completely paid for, providing energy independence and NO electricity bill! Located with proximity to BLM land, Moonrocks, & Pyramid Lake; this property is situated in a prime community for those seeking rural, agricultural, or self-sufficient living. You'll enjoy the peace and serenity that comes with owning a sizable piece of land away from the hustle and bustle of city life. Whether you're looking for your own private desert oasis or simply looking for a new place to call home, there is no better place to watch the sunset over the mountains or see the stars take over the skies! This Palomino Valley beauty has so much to offer! Don't miss the opportunity to make it yours.

Listed by Trista Bailey — Berkshire Hathaway HomeService

Listing Details

Status Active
MLS # 260004351
Days on Market 28
Price/Sq Ft $556

Property History

Apr 11, 2026
Listed for sale
$999,900
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,800
Lot Size 81.18 acres
Stories 1
Year Built 2024
Property Type Single Family Residence
APN 076-920-10
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Heated Garage, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Dog Run, Rain Gutters
Lot Features Cul-De-Sac, Gentle Sloping, Level, Sloped Down, Sloped Up
View Desert, Mountain(s), Valley
Construction HardiPlank Type
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Wood Stove, Forced Air, Propane
Cooling Central Air
Financial
Annual Tax $4,803
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
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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% ($199,980)
Home price
$999,900
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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