$9,000,000 Active
000 NV-208 Highway
Topaz Ranch Estates, NV 89444
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.

About This Property

Possibilities are endless for this property. There are 36 forty-acre parcels totaling 1,553 acres currently in Ag use. Hard zoning overlay includes SFR 2, RA 5, MFR, TC and GC for potential development. Water Will Serves have been acquired from TRE GID and municipal grade well is onsite. Three phase power is on or near all parcels. Property can be subdivided for several hundred units, sold as individual 40 acre parcels. PROPERTY BEING SOLD INCLUDES ALL 40-ACRE PARCELS, Water rights are available for additional 7,200,000 and irrigation equipment may be purchased separately. Access and utility easements are recorded against the property. Onsite well was drilled one year ago a cost of 350,000 included in purchase price. Located 3 miles east of Holbrook Junction, across from Albite and on the south side of Hwy 208. The property has a slight slope from north to south and has amazing mountain views in every direction. Topaz Lake is 1 mile to the west as the crow flies or a 5 mile drive. Walmart, medical and other services are approximately 20 miles north on Hwy 395. The property offers the perfect opportunity for a residential or commercial developer to maximize existing allowed density.

Listed by Michelle McGrath — 20 LINE Ventures LLC

Listing Details

Status Active
MLS # 240006022
Days on Market 748

Property History

May 18, 2024
Listed for sale
$9,000,000
Property Overview
Lot Size 1553.00 acres
Property Type Land
Subdivision Zwiebel Parcels
STR Jurisdiction Douglas County
APN 1022-15-002-012
Exterior & Lot
Lot Features Level, Open Lot, Sloped Down, Cleared
View Mountain(s), Park/Greenbelt, Peek, Valley
Financial
Annual Tax $6,948
Schools
Elementary School Minden
Middle School Carson Valley
High School Douglas
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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% ($1,800,000)
Home price
$9,000,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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