$659,900 Active Under Contract
1525 Bonanza Road
Reno, NV 89521
STR Status Unknown
5 Beds
·
2.5 Baths
·
2,260 Sq Ft

About This Property

Beautifully updated 5-bedroom, 2.5-bath home with stunning mountain views and over 2 acres of space to enjoy. The functional floor plan includes one bedroom downstairs, ideal for guests or a home office, and a grand cathedral ceiling entry that creates an open, welcoming feel. Recent updates include new cabinets, countertops, light fixtures, appliances, fresh interior paint, a new sliding glass door, and updated bathrooms throughout. The newly remodeled primary bathroom features a new vanity, a new garden tub and new shower (shower glass has been ordered and will be installed prior to close of escrow). The front half of the roof was replaced at the end of 2025 for added peace of mind. Relax on the wraparound covered porch or cozy up by the wood stove — this home blends modern updates with peaceful rural living.

Listed by Becca Martinez — Harcourts Vanguard

Listing Details

Status Active Under Contract
MLS # 260002006
Days on Market 73
Price/Sq Ft $292

Property History

Feb 24, 2026
Listed for sale
$659,900
Current
Pending
$659,900
Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,260
Lot Size 2.14 acres
Stories 2
Year Built 1994
Property Type Single Family Residence
APN 003-162-15
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Down, Sloped Up, Wooded
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Propane
Cooling Wall/Window Unit(s)
Financial
Annual Tax $2,527
HOA Fee $100 / Annually
HOA / Community Virginia City Highlands HOA
Schools
Elementary School Gallagher, Hugh
Middle School Virginia City
High School Virginia City
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% ($131,980)
Home price
$659,900
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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