$10,000,000
Active
0 Kenneth Way
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
Introducing an exceptional 50-acre parcel of vacant land, offering an incredible opportunity for a perfect subdivision project. Nestled in a prime location, this expansive property presents an ideal canvas for the development of a thriving residential community. With its abundant space, natural beauty, and strategic positioning, this land is poised to captivate developers, investors, and future homeowners alike., Buyer and buyers agent to verify all information.
Listed by Katherine Gillespie — eXp Realty
Listing Details
Status
Active
MLS #
230006476
Days on Market
1086
Property History
Jun 15, 2023
Listed for sale
$10,000,000
Property Overview
Lot Size
50.50 acres
Property Type
Land
Subdivision
Virginia Foothills 3
STR Jurisdiction
Washoe County
APN
016-751-25
Exterior & Lot
Lot Features
Level
View
Mountain(s)
Financial
Annual Tax
$688
Schools
Elementary School
Brown
Middle School
Damonte
High School
Damonte
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% ($2,000,000)
Home price
$10,000,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
