$1,320,000 Active
16500 Pyramid Way
Spanish Springs, 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
·
2,912 Sq Ft

About This Property

Welcome to this true Northern Nevada equestrian estate situated on 53 acres in beautiful Palomino Valley! This custom-built 3 bedroom, 2 bathroom home offers comfortable country living with thoughtful details throughout, including a spacious mudroom with a separate entrance and attached full bath, oversized pantry closet, functional kitchen island with hidden storage, custom cabinetry with pull-out drawers, and more! Outdoor living is where this property truly shines. Built for recreation, ranching, and the Western lifestyle, this property features an 8-stall barn, 10 corrals, and a 165' x 475' full-size arena designed for everything from everyday riding to cattle work. Adding to the uniqueness of this property is a 48' x 36' western tack store building, offering incredible potential for business, storage, events, or creative use. Whether you're looking for a working ranch, equestrian property, private retreat, or a place to bring your dreams to life, this one-of-a-kind Palomino Valley estate is ready for its next chapter.

Listed by Katelan McKay — LPT Realty, LLC

Listing Details

Status Active
MLS # 260007977
Price/Sq Ft $453

Property History

Jun 21, 2026
Listed for sale
$1,320,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,912
Lot Size 53.25 acres
Stories 1
Year Built 1986
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 077-360-08
Parking
Garage Spaces 2
Total Parking 3
Parking Features Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Landscaped, Level
View Desert, Mountain(s)
Roof Composition, Shake
Foundation Crawl Space
Utilities & Systems
Heating Propane
Financial
Annual Tax $3,193
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
📊

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% ($264,000)
Home price
$1,320,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR
530.613.5207

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