$199,000 $199,500 ↓ $500 reduced Active

26 Valley View Drive

Wellington, NV 89444

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STR Status Unknown

About This Property

Welcome to the heart of Smith Valley where you can enjoy rural small town living on this 45 acre hillside property. It sits just above the Saroni Canal overlooking the valleys beautiful green hay fields and greenbelt areas where the Walker River runs. The property is conveniently located close to local restaurants and the post office. Build your dream home and enjoy the breathtaking valley views and colorful NV Sunsets. Nearly unlimited opportunity for every kind of outdoor enthusiast. Backs to Govt Land., VIEWS are exceptional! Look out over the valley from this parcel. If you love water sports off-roading hiking skiing boating fishing animals or horseback riding come look at this property! You will be short distance drive to Topaz Lake and only about 40 minutes from Lake Tahoe and within about an hour of the Reno Tahoe International Airport! Bridge crossing over canal has been resurfaced, reinforced and new custom panels welded on to each side.

Listed by Amber Nuzum — Coldwell Banker Select RE M

Listing Details

Status Active

MLS # 230007725

Days on Market 1190

Property History

Jul 13, 2023

Listed for sale

$199,500

Jun 24, 2026

Price changed

$199,000

Property Overview

Lot Size 45.10 acres

Property Type Land

APN 010-661-13

Exterior & Lot

Lot Features Adjoins BLM/BIA Land, Open Lot, Sloped Up, Steep Slope, Corners Marked

View Mountain(s), Park/Greenbelt, Trees/Woods, Valley

Financial

Annual Tax $170

Schools

Elementary School Smith Valley

Middle School Smith Valley

High School Smith Valley

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STR Investment Analysis

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

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

$1,020 per month

Principal & interest

$1,006/mo

Property taxes

$14/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$0/mo

From MLS listing data.

Home insurance

$0/mo

Land — no home to insure, so no insurance estimate.

Down payment

20% ($39,800)

Home price

$199,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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