$1,100,000 Active
5500 Peak Road
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,925 Sq Ft

About This Property

Welcome to your private paradise in the serene Palomino Valley! Perched atop a secluded cul-de-sac and backing up to undeveloped acreage, 5500 Peak Rd offers 52.38 Acres of outdoor privacy and breathtaking views of the valley just beneath you. This darling country home offers 4 bedrooms, 2 bathrooms, and a bright and open living space that features vaulted ceilings & large windows illuminating natural lighting throughout. The adjacent kitchen offers a dual kitchen layout, including a serving/prep section ideal for entertaining, prepping food, or serving for your gatherings! The primary bedroom showcases a walk-in closet, a tastefully updated ensuite bathroom, expansive windows, and a corner stove to cozy-up next to while enjoying the stunning mountain and valleys views right from the comfort of your own bedroom. The walk-in basement contains 3 bonus rooms bonus storage rooms, a water room with two 500 Gallon back-up Water Storage tanks, pet room, & a wine room - all not included in the square footage of this home! Additional updates to this home include newer metal roof, seamless gutters, LVP Flooring in main living areas, Central AC, & Tankless Water Heater. Outside you will enjoy the front deck that overlooks the surrounding majestic views of Tule Mountain, The Dog Skin Range, and Vinegar Peak, as well as the panoramic valley views. This expansive 52.38 acre parcel of gentle-sloped yard-space offers a convenient circle driveway, 2 Full RV Hookup spaces; 1 with 30 amp, the other with 50 amp, mature trees, ample space for additional parking, and plenty of acreage to add barns, horse arenas, agricultural, additional gardens, & more. The backyard space is the ideal space for entertaining- showcasing a covered outdoor kitchen complete with sparkling granite countertops, Large BBQ, Wine Fridge, & Pizza Oven. A 15 Ft Above-Ground pool with surrounding deck, already wired and prepped for a drop-in hot tub! This area also features a horseshoe pit, fire-pit and gazebo, 2 bonus storage sheds, a separate Dog Kennel with electrical wiring, a garden with automatic sprinklers, 2 water hydrants, and flourishing mature grapevines producing a serene and shady environment & a delicious summer treat. This property features a massive 40x66 Insulated & Heated Shop with a bonus loft space. Complete with a 14x18 Ft Shop door and another 12x18 Ft Shop door, this spectacular workshop also contains windows, capability to hook up the half bathroom, LED lighting, Cat6 Cable for Starlink, 5.5 monolithic fiber/steel floor, Furnace & Pellet Stove, and 200AMP service on its own meter - Wired for welding- allowing for 50 amp service for a welder, 50 amp service for plasma cutter, and 100 amp for powder coating oven. This parcel includes 2 Acre-Feet of water rights for irrigation; perfect for a hobby farm or agricultural use! Additional upgrades to the water systems include: Automatic sprinklers for flower beds and trees, 6 front-yard water hydrants, Newer Well Pump, New Well Tank, & Newer Meter. Located just moments from BLM land, Moonrocks, & Pyramid Lake; this property is situated in a prime community for those seeking rural, agricultural, or charming country living. Ease of access to Pyramid Highway for proximity to the best of nature's amenities - & less than 15 miles from urban amenities. You'll enjoy the peace and serenity that comes with owning a sizable piece of land away from the hustle and bustle of city life. This beautiful farmhouse offers nothing but peaceful country living. Don't miss your opportunity to own this stunning Palomino Valley property.

Listed by Trista Bailey — Berkshire Hathaway HomeService

Listing Details

Status Active
MLS # 260004067
Days on Market 35
Price/Sq Ft $571

Property History

Apr 07, 2026
Listed for sale
$1,100,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,925
Lot Size 52.38 acres
Stories 1
Year Built 1940
Property Type Single Family Residence
APN 076-241-02
Parking
Garage Spaces 6
Total Parking 6
Parking Features Additional Parking, Detached, Garage, Parking Pad, RV Access/Parking, RV Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Dog Run, Fire Pit, Outdoor Kitchen, Rain Gutters, RV Hookup
Lot Features Gentle Sloping, Landscaped, Sloped Down, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View Desert, Mountain(s), Peek, Valley
Construction Insulation - Spray Foam
Roof Composition, Metal, Pitched
Foundation Crawl Space
Pool & Spa
Pool Above Ground, Outdoor Pool
Utilities & Systems
Heating Forced Air, Pellet Stove, Propane
Cooling Central Air
Financial
Annual Tax $2,107
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
📊

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% ($220,000)
Home price
$1,100,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373