$1,200,000 Active
0 US-395
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

±17.09 acre parcel in South Reno's Pleasant Valley offering a rare development opportunity with split zoning of MDS 47% and MDR 53%. This zoning mix provides flexibility for a range of residential development strategies, including subdivision potential, multigenerational housing, or a private custom luxury home surrounded by views. The property benefits from approximately 6 acre-feet of water rights and proximity to power, enhancing its long-term development viability. Located in an area experiencing continued growth, with nearby planned projects and infrastructure expansion, the site presents strong potential for future entitlement and density optimization. Ideal for developers or investors seeking a large-scale residential project with optionality and multiple end-use strategies. Buyer to verify all zoning, density allowances, utilities, and development requirements with the appropriate governing agencies.

Listed by Jaimie Saladis — Haute Properties NV

Listing Details

Status Active
MLS # 250002221
Days on Market 463

Property History

Feb 27, 2025
Listed for sale
$1,200,000
Property Overview
Lot Size 17.09 acres
Property Type Land
STR Jurisdiction Washoe County
APN 046-090-27
Exterior & Lot
Lot Features Gentle Sloping, Open Lot
View Mountain(s), Peek, Valley
Financial
Annual Tax $984
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
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% ($240,000)
Home price
$1,200,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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