$1,995,000 Active
145 Esmeralda Drive
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
2,400 Sq Ft
Virtual Tour

About This Property

145 Esmeralda Drive is a unique mixed-use property comprised of two buildings situated on a 2.13-acre parcel in scenic Washoe Valley, Nevada. Zoned Low Density Suburban (LDS), the site accommodates low-density residential as well as light commercial uses. To top it off - the property enjoys views of the Sierra Nevada mountains to the west, and the Virginia Range to the east. The existing improvements are turnkey and provide a rare combination of investment income and owner-user flexibility. Although currently configured as a single parcel, the two buildings are positioned to create semi-private, 1+ acre settings that can function largely independent of one another. The first building is a 2,400 SF wood-frame structure constructed in 1996. It is currently leased to a childcare operator and includes a residential component that allows the tenant to live on-site. The property also benefits from a cell tower lease that generates passive income, which will transfer with the sale. The second building is a 4,000 SF masonry and metal structure originally built in 2001. Current ownership has extensively renovated the property with high-end finishes to include a 3-bedroom, 2-bath residence and lounge area, complemented by an attached 2,200 SF shop. The grounds are fully improved with concrete and paved surfaces, landscaped yard areas, a water feature, detached storage shed, and more. Offered vacant at closing, this building presents an exceptional opportunity for an owner-user, live/work occupant, weekend retreat, or potential small-event venue. Centrally located between Reno and Carson City, Washoe Valley has retained its rural, ranch-oriented character, yet is just minutes from the region's major employment and population centers. The property offers a compelling blend of privacy, functionality, and accessibility, with easy access to surrounding markets such as Reno, Sparks, Carson City, and Gardnerville. Potential users include contractors, landscapers, automotive enthusiasts, and other business owners seeking a flexible live/work environment. This is truly a one-of-a-kind property. Touring in person is highly recommended to fully understand the property's versatility and potential. Please contact the listing agents for additional information or to schedule a showing.

Listed by Kylie Keenan — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260011947
Days on Market 4
Price/Sq Ft $831

Property History

Sep 16, 2026
Listed for sale
$1,995,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,400
Lot Size 2.13 acres
Stories 1
Year Built 1996
Property Type Single Family Residence
Subdivision New Washoe City 6
STR Jurisdiction Washoe County
APN 050-411-32
Parking
Total Parking 40
Parking Features Additional Parking, RV Access/Parking
Exterior & Lot
Exterior Features None
Lot Features Level
View Mountain(s)
Construction Steel Frame
Roof Metal
Foundation Other
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $8,431
Schools
Elementary School Fritsch
Middle School Carson
High School Carson
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($399,000)
Home price
$1,995,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message