$274,000 Active
5530 High Rock Way
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Priced at recent appraised value! This lot is perched to capture stunning city and mountain views, this rare lot offers the perfect canvas for your dream home. Enjoy sparkling city lights in the evening or watch the sunrise over the Virginia range. Conveniently close to downtown Sparks and the city of Reno, this lot offers all the benefits of city living but is under the jurisdication of Washoe County. It is a wonderful location for those working out at the Tahoe-Reno Industrial Center. Existing custom home plans are included, or bring your own vision to life. Imagine the possibilites! Seller has a final approval permit from the county that would facilitate a faster build process. A topographic survey has been completed along with fully engineered and architectural plans, soil testing and a detailed design of the septic system. City water is at the property and power is located less than 100' to the pole at the southwest corner. The proposed custom home has a contemporary yet warm feeling that blends into the local landscape. The proposed home features 3751 square feet of main level living with the primary bedroom upstairs, large open kitchen with wine room and a bedroom that could accommodate guests or be used as a home office. The lower walk out basement includes a media room, 3 additional bedrooms 2 bathrooms.

Listed by Lisa Moffitt — Dickson Realty - Damonte Ranch

Listing Details

Status Active
MLS # 250001776
Days on Market 476

Property History

Feb 14, 2025
Listed for sale
$274,000
Property Overview
Lot Size 0.51 acres
Property Type Land
Subdivision Point View
STR Jurisdiction Washoe County
APN 027-063-17
Exterior & Lot
Lot Features Rolling Slope, Sloped Down, Corners Marked
View City, Mountain(s), Valley
Financial
Annual Tax $627
Schools
Elementary School Maxwell
Middle School Sparks
High School Sparks
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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
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% ($54,800)
Home price
$274,000
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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