$785,000 Active
50 N Sierra Street #601
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,498 Sq Ft

About This Property

Experience refined living at The Palladio—Reno's premier luxury high-rise set along the scenic Truckee River. Perfectly positioned in the heart of downtown, this elegant 2-bedroom, 2-bath residence captures sweeping views of the river, city lights, and surrounding mountains through its expansive floor-to-ceiling windows. An open-concept layout creates effortless flow between the modern kitchen, great room, and generous dining area, ideal for both entertaining and everyday comfort. Step out onto your private terrace to enjoy sunrise reflections over the water or vibrant city evenings below. Sophisticated finishes, abundant natural light, and a seamless indoor-outdoor connection define the residence's timeless appeal. The Palladio offers resort-style amenities, including a riverfront pool and spa, secure parking, and on-site retail and dining—all within walking distance of Reno's best restaurants, galleries, and entertainment. Whether a full-time home or a lock-and-leave retreat, Unit 601 embodies the perfect balance of luxury, lifestyle, and location in the heart of the city.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 250057041
Days on Market 213
Price/Sq Ft $524

Property History

Oct 15, 2025
Listed for sale
$785,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,498
Lot Size 0.03 acres
Stories 13
Year Built 2006
Property Type Condominium
Subdivision The Palladio
APN 011-526-01
Parking
Garage Spaces 1
Total Parking 1
Parking Features Assigned, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, None
Lot Features Level
View City, Mountain(s), Park/Greenbelt, Trees/Woods
Construction Concrete, Other
Roof Membrane, Pitched
Foundation Concrete Perimeter
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Water Source Truckee River
Financial
Annual Tax $6,492
HOA Fee $1,046 / Monthly
HOA / Community Palladio Condominium Association
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Gated, Maintenance, Maintenance Grounds, Maintenance Structure, Management, Parking, Pool, Spa/Hot Tub, Storage
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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% ($157,000)
Home price
$785,000
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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