$225,000 Active
1955 Piute Creek Road #24
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
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About This Property

An opportunity to own a beautiful property in Palamino Valley. This property has both spectacular views plus privacy. The over 50 acre parcel is close to the main inlet paved road and has a gated private shared gravel drive unto the properties. You get the feeling of being secluded in the gorgeous, quiet, rolling hill privacy of Piute Creek, yet only 30 minutes to stores and amenities of all kinds. There are many potential building sites depending on your needs and budget and the zoning gives you room to grow and build. You must see it and be on it to appreciate this wonderful land. This property has 360 degree views and every direction you look at is stunning. This parcel is zoned GRA - General Rural Agricultural. Please call for more info!

Listed by Christopher Connolly — RE/MAX Professionals-Sparks

Listing Details

Status Active
MLS # 250056471
Days on Market 248

Property History

Sep 30, 2025
Listed for sale
$225,000
Property Overview
Lot Size 51.50 acres
Property Type Land
STR Jurisdiction Washoe County
APN 077-310-24
Exterior & Lot
Lot Features Rolling Slope, Sloped Up, Wooded, Corners Marked
View Mountain(s), Rural, Valley
Financial
Annual Tax $774
Schools
Elementary School Smith, Alice
Middle School Marce Herz
High School Reed
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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% ($45,000)
Home price
$225,000
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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