$2,495,000 $2,995,000 ↓ $500,000 reduced Active
7655 Aspen Creek Court
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
4.0 Baths
·
4,868 Sq Ft

About This Property

NEW PRICE- $500,000 REDUCTION! Perched high above West Washoe Valley on 25 private acres, this extraordinary estate captures breathtaking "top of the world" views of Washoe Lake, the valley below, and surrounding mountain ranges. Offering 4,868 square feet with 5 bedrooms and 4 baths, the home has been updated with remodeled living spaces, updated flooring, interior and exterior paint, curated lighting, new landscaping, fencing, gates, walkways and hillside improvements. Designed for both entertaining and everyday living, the flexible floor plan offers privacy, comfort, and spectacular views throughout. With NO HOA and Nevada's tax advantages, this is a rare opportunity to own one of Northern Nevada's most remarkable view properties. Adjacent 28-acre parcel may also be available, creating a rare opportunity to establish an extraordinary private compound spanning more than 53 acres.

Listed by Bob Fredlund — Coldwell Banker Select RE CC

Listing Details

Status Active
MLS # 260004283
Days on Market 79
Price/Sq Ft $513

Property History

Apr 10, 2026
Listed for sale
$2,495,000
Property Overview
Beds 5
Baths 4.0
Sq. Ft. 4,868
Lot Size 25.22 acres
Stories 2
Year Built 2008
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 055-180-22
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Adjoins BLM/BIA Land, Landscaped, Level, Sloped Down, Sloped Up
View Mountain(s)
Construction Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $12,146
Schools
Elementary School Pleasant Valley
Middle School Marce Herz
High School Galena
📊

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% ($499,000)
Home price
$2,495,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR
530.613.5207

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