$2,899,000 Active
525 Cable Canyon Way
Fernley, NV 89408
STR Status Unknown
5 Beds
·
4.5 Baths
·
10,922 Sq Ft

About This Property

Discover Elegance on the Hillside: A Luxurious Sanctuary in Fernley Step into a world of refined luxury with this exquisite hillside estate, commanding breathtaking views of Fernley to the east and expansive open land to the west. Designed with an eye for detail and an emphasis on quality, this property features spacious bedrooms alongside dedicated rooms for meetings, sewing, office, entertaining and fitness, complete with a sauna, ensuring every aspect of your home life is catered to., Entertain in style in the stunning kitchen equipped with all the modern luxuries you can imagine, including granite slab countertops, a commercial-quality gas Thermador range with pot filler, dual dishwashers, trash compactor, and a center island, all set against the backdrop of gorgeous alder cabinetry. The expansive great room dazzles with its massive fireplace, wood-beamed ceilings, and an elegant wet bar, complemented by a formal living room and dining room. Experience ultimate comfort in the master suite, which features a large walk-in closet/dressing room with a separate shoe/hat closet, and an en-suite bathroom with a walk-in marble shower, deep tub, and dual vanities. Start your mornings in the suite’s morning room, perfect for enjoying coffee and pastries without ever leaving the comfort of your bedroom. The large first-floor office provides an ideal space to run a private home business, equipped with custom-built desks, cabinets, a full bath, and a walk-in bank-quality vault room, which can also serve as a second master bedroom. This home has Starlink internet and Wi-Fi capable thermostats. No detail has been overlooked in crafting this 18+ acre estate, from the exquisite finish work to the integrated home system complete with an alarm. The property is fully fenced with tan vinyl, and utilities are pre-stubbed below the hill for potential barn or workshop additions. With a sprawling 5-car garage totaling 2252 sq. ft., and a location just minutes from town, this home is not just a residence but a statement of lifestyle. Perfect for horse owners and those seeking a private, luxurious living experience. Buyer & Buyers Agent to verify all information.

Listed by Steven Foster — eXp Realty

Listing Details

Status Active
MLS # 250002859
Days on Market 426
Price/Sq Ft $265

Property History

Mar 08, 2025
Listed for sale
$2,899,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 10,922
Lot Size 18.58 acres
Stories 2
Year Built 2005
Property Type Single Family Residence
APN 021-521-01
Parking
Garage Spaces 5
Total Parking 5
Parking Features Attached, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Adjoins BLM/BIA Land, Gentle Sloping, Landscaped, Open Lot, Rolling Slope, Sloped Up
View City, Desert, Mountain(s), Valley
Construction Stucco
Roof Tile
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air, Refrigerated
Financial
Annual Tax $14,414
Schools
Elementary School Fernley
Middle School Fernley
High School Fernley
HOA & Community
Community Amenities None
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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% ($579,800)
Home price
$2,899,000
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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