$2,999,000
$3,750,000
↓ $751,000 reduced
Active
05 Franktown Rd
Washoe Valley, NV 89704
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STR Status Unknown
About This Property
Over 35 pristine subdividable acres in scenic Washoe Valley, nestled at the base of the majestic Sierra Nevada and ideally located off prestigious Franktown Road. Boasting an abundance of valuable water rights, this property is a rare opportunity to create your vision—whether it's an elegant estate, a collection of custom residences, or lush, irrigated pastures—all with sweeping mountain and valley views.
Listed by Christy Kuzmik — Chase International-Damonte
Listing Details
Status
Active
MLS #
250054495
Days on Market
384
Property History
Sep 02, 2026
Listed for sale
$3,750,000
Jul 17, 2026
Price reduced
$3,150,000
$3,250,000
↓
$100,000
Aug 13, 2026
Price reduced
$2,999,000
$3,150,000
↓
$151,000
Sep 02, 2026
Relisted
$2,999,000
Property Overview
Lot Size
35.54 acres
Property Type
Land
Subdivision
Lightning 'W' Ranch Pines
APN
055-202-05
Exterior & Lot
Lot Features
Level, Open Lot, Pasture
View
Mountain(s), Trees/Woods, Valley
Financial
Annual Tax
$134
Schools
Elementary School
Pleasant Valley
Middle School
Marce Herz
High School
Galena
STR Investment Analysis
STR analysis
STRUCTURAL SCORE
—
—
PROJECTED GROSS ANNUAL REVENUE
—
~— per month
Avg Nightly
—
Occupancy
—
Cap Rate
—
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
$15,176 per month
Principal & interest
$15,165/mo
Property taxes
$11/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($599,800)
Home price
$2,999,000
Loan details
30-yr fixed, 6.5%
