$13,950,000 Active
2490 Manzanita Lane
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
6.5 Baths
·
19,347 Sq Ft
Virtual Tour

About This Property

Set on an extraordinary 14 acres in the heart of Reno, the Pennington Mansion stands as one of Nevada's most iconic trophy estates. Properties of this scale simply do not exist this close to town, offering unmatched convenience paired with absolute seclusion, commanding elevation, and arguably the finest city views in all of Reno. Perched on a high plateau, the residence overlooks the entire skyline and valley, delivering cinematic, unobstructed vistas by day and a dazzling city-light show by night. A dramatic rotunda entry with soaring Venetian plaster ceilings sets the stage, opening to a grand living room anchored by a statement fireplace and floor-to-ceiling windows framing those signature views. The home spans 19,000+ square feet of refined living space, crafted with rare stones, exotic woods, and globally sourced materials. Its impeccable, ornate craftsmanship is designed to astonish even the most discerning buyer. Woven into every inch of the estate are coffered and barreled ceilings, ironclad windows wrapped in dramatic drapery and enhanced with custom automatic shades, gorgeous multi-step baseboards and moldings, solid-core grand entry doors finished with limestone trim, and grand-scale architectural columns. The west wing hosts a resort-caliber primary suite complete with a sitting room, one-of-a-kind custom onyx fireplace, private veranda, spa-style bath with multi-step finished cabinetry, his and her commodes, and a sumptuous walk-in closet with private laundry and fully enclosed custom wardrobes, delivering an elevated, boutique-inspired dressing retreat. A richly appointed executive office with warm burl wood box-trim paneling, custom cabinetry, built-in bookshelves, glass-front display cases, a fireplace, and patio access completes this wing. The east wing is designed for unparalleled entertaining. A circular sunken bar connects seamlessly to a stone-lined wine cellar and billiards room. The chef's kitchen features open truss ceilings, leathered stone countertops, a Wolf range, a large dining hearth, a butler's pantry, and a separate back kitchen, ideal for large gatherings or catering. A showstopping circular formal dining room offers a dramatic setting for intimate dinners or major social events. The home's lower level, accessed via a grand staircase or elevator, expands the lifestyle footprint with three generous ensuite bedrooms (each opening to poolside patios), a full home theater with snack bar, a large gym with salon, a craft room, and a secured gallery room for the curated display of historic arms, militaria, or other distinguished collections. Beyond the primary living areas, the estate offers over 7,000 sq ft of additional utility and storage space integrated into the daylight basement, an incredibly rare amenity for a property of this stature. Plentiful garage space totaling 2,600+ sq ft accommodates eight vehicles with ease, complemented by expansive motor-court parking for dozens more. Outdoors, the meticulously manicured grounds are introduced by a gated entrance that ushers you in along a newly resurfaced, estate-length driveway that winds gracefully toward the residence, framed by mature trees and lush, established landscaping. The setting unfolds into statues, a grand fountain, sprawling lawns, an in-ground pool and spa with built-in kitchen, and yet another monumental fireplace to complete the outdoor space. As a Nevada residence, ownership also provides highly attractive tax advantages, including no state income tax, no inheritance tax, and comparatively low property taxes, making this property not only a statement estate, but a strategic one. Rarely does a home combine iconic architecture, unmatched acreage, total privacy, and immediate city access like this. The Pennington Mansion is more than a residence; it is Reno's ultimate trophy property.

Listed by Samantha Saquella — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 250058549
Days on Market 164
Price/Sq Ft $721

Property History

Nov 24, 2025
Listed for sale
$13,950,000
Property Overview
Beds 4
Baths 6.5
Sq. Ft. 19,347
Lot Size 14.07 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
APN 023-260-49
Parking
Garage Spaces 8
Total Parking 8
Parking Features Additional Parking, Attached, Detached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Barbecue Stubbed In, Built-in Barbecue, Multiple Entry Flat or Ramped, Outdoor Kitchen, Rain Gutters
Lot Features Gentle Sloping, Landscaped, Level, Sloped Down, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Trees/Woods, Valley
Construction Fiber Cement, Stone, Stucco
Roof Composition, Pitched, Tile
Foundation Slab
Pool & Spa
Pool Fenced, Heated, In Ground, Outdoor Pool, Pool Cover, Private, Solar Heat
Utilities & Systems
Heating Fireplace(s), Natural Gas, Radiant Floor
Cooling Central Air, Refrigerated
Financial
Annual Tax $130,932
Schools
Elementary School Caughlin Ranch
Middle School Swope
High School Reno
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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% ($2,790,000)
Home price
$13,950,000
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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