$550,000 Active
370 Abies Road #3
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

Vacant Lot in Galena Forest with NO HOA!!! This incredible parcel of undeveloped, Jeffrey Pine and Ponderosa Pine forest is bordered by 439 acres of St James HOA land to the south, and the eastern boundary is adjacent to 77 acres of private land enveloping Browns Creek trail. Extra information about the property includes architecture designs, Civil Engineering plans, water rights purchased at $23,000 included in the sale! Seller has done a lot of leg work to get this property ready to build on!, Welcome to Abies Drive, a prime parcel of land nestled in the scenic area of Reno, Nevada. This spacious lot offers a peaceful, quiet setting with stunning views of the surrounding mountains and natural landscapes. Perfect for anyone looking to build their dream home or develop a private retreat, this land provides easy access to both nature and city amenities. The breathtaking shores of Lake Tahoe are just a short drive over the hill!! Whether you're interested in hiking, skiing, or simply enjoying the lake's crystal-clear waters, you'll have easy access to one of the most beautiful natural destinations in the world. Located just a short drive from downtown Reno, you’ll enjoy the best of both worlds: close proximity to shopping, dining, and entertainment, while still being surrounded by the beauty and tranquility of the high desert. The lot is well-suited for residential development, with a favorable zoning and plenty of space for whatever you envision. Whether you’re interested in outdoor activities like hiking and biking or just want a peaceful escape from city life, this lot on Abies Drive offers endless potential. Don’t miss the opportunity to secure this one-of-a-kind property in one of Reno’s most desirable areas! This lot purchase includes: Water Rights to 0.81 acre ft of municipal water (joint trench water line has already been dug to begin at lot boundary) Land survey, with topographical analysis, pdf and CAD format available. Geotechnical analysis and perc tests. Civil engineering for driveway, and potential building pad has already been completed, and said plans are available with purchase. Electric utility is on site. Will need septic system. Road maintenance agreement for access road off of Abies rd is shared by owner and the two adjacent neighbors.

Listed by Krystal Mitchell — JMG Real Estate

Listing Details

Status Active
MLS # 250005847
Days on Market 368

Property History

May 05, 2026
Listed for sale
$550,000
Property Overview
Lot Size 2.56 acres
Property Type Land
STR Jurisdiction Washoe County
APN 047-130-38
Exterior & Lot
Lot Features Cul-De-Sac, Flag Lot, Open Lot, Sloped Up, Wooded, Corners Marked
View Mountain(s), Trees/Woods
Financial
Annual Tax $1,520
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% ($110,000)
Home price
$550,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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