$300,000 Active
98 Alpine Drive
Fernley, NV 89408
STR Status Unknown

About This Property

Discover the vast potential of this expansive 40-Acre parcel of vacant land in the Fernley Highlands area offering endless possibilities for development, recreation, investment or off-grid living. Nestled in a serene and open setting, this property provides a rare opportunity to own a substantial piece of land whether you're envisioning a private estate, a family compound, or residential development, simply enjoy nature, or, there is room to explore as thousands of acres of BLM land is very close by which allows for a multitude of recreational opportunities. Quick access to Tahoe Reno Industrial center, USA Parkway, Pyramid Lake, and 40 minutes to Reno/Tahoe Airport. There are no utilities or improvements on this Parcel. The adjacent 40 acre parcel is also for sale, a road easement separates the two parcels.

Listed by Lisa Munson — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 250056795
Days on Market 240

Property History

Oct 08, 2025
Listed for sale
$300,000
Property Overview
Lot Size 40.55 acres
Property Type Land
APN 021-302-98
Exterior & Lot
Lot Features Gentle Sloping, Level
View Desert, Mountain(s)
Financial
Annual Tax $270
Schools
Elementary School East Valley
Middle School Fernley
High School Fernley
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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% ($60,000)
Home price
$300,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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