$477,000 Active
632 Old US Hwy 395 #18
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
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About This Property

Welcome to Zephyr Estates—where wide-open space, breathtaking views, and endless possibility come together in the heart of Washoe Valley. One of two rare, level, build-ready parcels available individually or together, Zephyr Estates offers an exceptional opportunity to create a custom home, private estate, workshop, recreational retreat, or legacy property designed entirely around your lifestyle. Ideally positioned on the west side of Washoe Lake, each parcel captures spectacular panoramic views stretching across the valley, from the shimmering waters of Washoe Lake to the dramatic Sierra Nevada mountains. Expansive skies, unforgettable sunsets, and a peaceful sense of privacy create a setting that feels worlds away—yet remains remarkably connected to Reno, Carson City, and Lake Tahoe. Much of the essential infrastructure is already in place. The property features underground electricity and a private paved road. Septic, Well, and propane or electric heating and cooling will be required. Upgrades also include County-approved paved, private road to Old Hwy 395, County-approved rock lined culverts and drainage ditches, existing drip irrigation to the parcel from two long term operational and county-approved water wells and existing operational or high speed Internet available. Outdoor recreation begins practically at your doorstep. Bowers Mansion and Davis Creek Regional Park are approximately 1/4 mile away, with nearby trailheads providing access to hiking, biking, and endless outdoor adventure. Convenient access to Old US 395 and I-580 makes travel to Reno and Carson City easy, while Lake Tahoe is approximately 40 minutes away. Whether you envision a striking custom residence, room for RVs and recreational toys, expansive garages or workshop space, outdoor entertaining, or simply more room to live without compromise, Zephyr Estates offers the land, infrastructure, views, and freedom to bring that vision to life. Build something extraordinary. Build something entirely your own. Welcome to Zephyr Estates.

Listed by Joseph Wieczorek — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260011742
Days on Market 10

Property History

Sep 11, 2026
Listed for sale
$477,000
Property Overview
Lot Size 2.97 acres
Property Type Land
STR Jurisdiction Washoe County
APN 046-032-18
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Cul-De-Sac, Level, Sloped Up, Sprinklers In Front, Sprinklers In Rear, Other, Corners Marked, Curbs
View Desert, Mountain(s), Rural, Trees/Woods, Valley
Financial
Annual Tax $2,369
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% ($95,400)
Home price
$477,000
Loan details
30-yr fixed, 6.5%
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