$200,000
Active Under Contract
0 Microwave Road #4
Reno, NV 89510
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
About This Property
Whether you are an investor, developer, hunter or looking to build your dream project, this is your chance to secure a massive parcel at great value. Over 74 acres located in the beautiful and exclusive Palomino Valley, close to Spanish Springs, Sparks and Reno. Within short distance the Reno/Tahoe International Airport, to Pyramid Lake, Lake Tahoe. This is an extremely rare opportunity to own acreage close to everything. Just far enough to get away from it all, but only 45 minutes to everything you need including nearby Shopping in Reno/Sparks! Palomino Ranch Property Highlights: No HOA, No State Income Tax, Low Real Estate Taxes.
Listed by Anna Lord — Tomana Realty
Listing Details
Status
Active Under Contract
MLS #
260000953
Days on Market
100
Property History
Apr 27, 2026
Listed for sale
$200,000
Current
Pending
$200,000
Property Overview
Exterior & Lot
Lot Features
Adjoins BLM/BIA Land, Gentle Sloping, Level, Rolling Slope, Sloped Up, Steep Slope
View
Desert, Mountain(s), Trees/Woods, Valley
Financial
Annual Tax
$177
Schools
Elementary School
Spanish Springs
Middle School
Shaw Middle School
High School
Spanish Springs
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% ($40,000)
Home price
$200,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: 530.613.5207
