$2,995,000 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

Perched high in the pines above West Washoe Valley, this extraordinary custom estate offers a setting that is truly unmatched. Spanning more than 25 private acres, it delivers breathtaking "top of the world" views—sweeping across Washoe Lake, the valley below, and surrounding mountain ranges in a way few properties can rival. What sets this home apart is not just its location, but its transformation. It has been thoughtfully reimagined into a residence the owners take great pride in—every improvement made with intention and long-term enjoyment in mind. Inside, 4,868 square feet unfold with 5 bedrooms and 4 baths, designed for both entertaining and comfortable everyday living. The main level features two bedrooms with a shared bath—ideal for guests or multi-generational living—while the upper level offers three spacious en suite retreats, each positioned to capture the stunning views while providing exceptional privacy. Extensive upgrades have revitalized the home, including updated flooring, fresh interior and exterior paint, and carefully curated lighting that enhances every space. The lower level has been fully transformed from an underutilized basement into a warm, inviting living area—perfect for entertaining, relaxing, or creating a private retreat within the home. The grounds have been equally enhanced with new landscaping, fencing and gates, and the removal of hazardous trees. The rear hillside has been reshaped and reinforced with stone and an attractive retaining wall, balancing beauty with safety. New walkways now connect the property in a way that simply didn't exist before. This is more than a home—it's a vantage point, a retreat, and a lifestyle. A place to appreciate the peace and solitude of nature, entertain without limits, and enjoy a property that has already undergone its most meaningful evolution. Whether as a full-time residence or a legacy estate, the scale, privacy, and setting are truly irreplaceable. And with no HOA and Nevada's advantage of no state income tax, this is more than an investment in real estate—it's an investment in freedom, space, and perspective that few are able to experience.

Listed by Bob Fredlund — Coldwell Banker Select RE CC

Listing Details

Status Active
MLS # 260004283
Days on Market 27
Price/Sq Ft $615

Property History

Apr 10, 2026
Listed for sale
$2,995,000
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
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
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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 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($599,000)
Home price
$2,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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