$3,250,000
Active
05 Franktown Rd
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
Over 35 pristine subdividable acres in scenic Washoe Valley, nestled at the base of the majestic Sierra Nevada and ideally located off prestigious Franktown Road. Boasting an abundance of valuable water rights, this property is a rare opportunity to create your vision—whether it's an elegant estate, a collection of custom residences, or lush, irrigated pastures—all with sweeping mountain and valley views.
Listed by Christy Kuzmik — Chase International-Damonte
Listing Details
Status
Active
MLS #
250054495
Days on Market
296
Property History
Aug 13, 2025
Listed for sale
$3,250,000
Property Overview
Lot Size
35.54 acres
Property Type
Land
Subdivision
Lightning 'W' Ranch Pines
STR Jurisdiction
Washoe County
APN
055-202-05
Exterior & Lot
Lot Features
Level, Open Lot, Pasture
View
Mountain(s), Trees/Woods, Valley
Financial
Annual Tax
$134
Schools
Elementary School
Pleasant Valley
Middle School
Marce Herz
High School
Galena
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% ($650,000)
Home price
$3,250,000
Loan details
30-yr fixed, 6.5%
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Or call directly: (530) 317-0373
