$1,850,000 Active
168 Peponita Court
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
2,793 Sq Ft
Virtual Tour

About This Property

Located on just under five acres in East Washoe Valley's sought after White Fences neighborhood, this exceptional property offers stunning Sierra views, outstanding improvements, and a level of care that is immediately apparent from the moment you arrive. Every part of the property has been meticulously maintained, from the residence and grounds to the barn and shop. The home has been extensively updated with approximately $400,000 invested in remodeling and improvements. Recent upgrades include a remodeled kitchen, newer flooring, HVAC system, water heater, water softener, and quality finishes throughout. The floor plan features three bedrooms, two and one half baths, a private office with French doors and a fireplace, a formal dining room, and an open concept living area with soaring ceilings and a fireplace. Every detail reflects thoughtful design and craftsmanship. The outdoor living space is equally impressive with mature, beautifully maintained landscaping, a covered patio with motorized awning to adjust for sun or shade and a fully equipped outdoor kitchen, creating an ideal setting for entertaining or enjoying the peaceful surroundings. The orientation of the property is ideal, with an East-facing backyard for morning sun and afternoon shade plus extra protection from the wind on the sheltered back patio. Horse facilities are designed for serious equestrian use and include a seven stall center aisle MD Barnmaster barn with heated Nelson automatic waterers, individual run outs for each stall, three large turnout pastures with loafing sheds, a round pen, and a hot walker. A 40' x 60' fully insulated shop provides approximately 2,400 square feet with 14 foot doors, making it well suited for RV storage, equipment, trailers, hobbies, or a workshop. A circular driveway allows easy access with generous space for additional vehicles, trailers, and recreational equipment. This is a rare opportunity to own one of East Washoe Valley's finest properties in a location that offers the best of Northern Nevada living. Enjoy the privacy and open space of country living while remaining just minutes from Reno, Carson City, and Lake Tahoe.

Listed by Jack Cote — RE/MAX Gold

Listing Details

Status Active
MLS # 260010847
Price/Sq Ft $662

Property History

Aug 21, 2026
Listed for sale
$1,850,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,793
Lot Size 4.78 acres
Stories 1
Year Built 2002
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 050-303-02
Parking
Garage Spaces 3
Total Parking 13
Parking Features Additional Parking, Attached, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Built-in Barbecue, Rain Gutters, RV Hookup
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Desert, Mountain(s), Peek, Ski Resort, Trees/Woods, Valley
Construction Insulation - Batts, Frame, Stucco
Roof Pitched, Tile
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $8,344
Schools
Elementary School Pleasant Valley
Middle School Marce Herz
High School Galena
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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 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% ($370,000)
Home price
$1,850,000
Loan details
30-yr fixed, 6.5%
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