$280,000 Active
40 Myrtlewood Circle
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Nestled in the highly sought-after Galena Forest Estates, this is the half-acre wooded homesite you've been waiting for. Located on peaceful Myrtlewood Circle in a quiet cul-de-sac, this exceptional property offers the perfect blend of privacy, towering pines, and mountain serenity while remaining just minutes from town and year-round recreation. Included with the property are HOA-approved plans for a thoughtfully designed 2,800 square foot single-level custom home featuring three bedrooms, a dedicated home office, and an expansive open-concept floor plan created for both comfortable living and effortless entertaining. Whether hosting guests or relaxing on the back deck surrounded by nature, every detail has been carefully envisioned for your enjoyment. The hard work has already been completed for you — engineering is done, a septic plan is in place, and the plans are approved and ready to go. This is a rare opportunity to fast-track your dream home in one of Northern Nevada's most beautiful and established forest communities. Agents can access the site plan, CCRS, appraisal, building plans and septic approval in the documents tab.

Listed by Jeanne Hill — LPT Realty, LLC

Listing Details

Status Active
MLS # 260006357
Days on Market 16

Property History

May 20, 2026
Listed for sale
$280,000
Property Overview
Lot Size 0.48 acres
Property Type Land
Subdivision Galena Forest Estates 2E Phase 4
STR Jurisdiction Washoe County
APN 047-114-19
Exterior & Lot
Lot Features Cul-De-Sac, Level, Open Lot, Wooded
View Trees/Woods
Financial
Annual Tax $1,563
HOA Fee $330 / Annually
HOA / Community Gaston Wilkerson
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
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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% ($56,000)
Home price
$280,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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Or call directly: (530) 317-0373