$350,000 Active
00 Painted River Trail
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Build your dream home with this extraordinary 5+ acre homesite in the prestigious Somersett community. Perched atop the gated enclave of "Champion Hills," this property offers unmatched privacy, space, and breathtaking 360-degree views of the Reno city skyline, the rolling greens of the golf course, and the majestic Sierra Nevada mountains., This prime lot is more than just a spectacular homesite—it's your gateway to an unparalleled lifestyle. Enjoy exclusive access to Somersett's top-tier amenities, including a resort-style pool, tennis courts, state-of-the-art gym, a luxurious clubhouse, and vibrant community events that bring neighbors together. Nestled near the base of Mt. Peavine on the edge of Somersett, the property provides direct access to a network of scenic walking and hiking trails right out your backyard, as well as thrilling ATV routes for outdoor enthusiasts. Whether you envision a serene retreat or an active lifestyle, this lot offers endless possibilities in one of the area's most coveted locations. Don't miss the opportunity to build your dream home in this exceptional community!

Listed by Harmony Steingrebe — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260001232
Days on Market 121

Property History

Feb 04, 2026
Listed for sale
$350,000
Property Overview
Lot Size 5.01 acres
Property Type Land
Subdivision Area 3 Phase 1 @ Somersett
STR Jurisdiction Washoe County
APN 232-720-01
Exterior & Lot
Lot Features Greenbelt, Sidewalks
Financial
Annual Tax $1,176
HOA Fee $247 / Monthly
HOA / Community Somersett Owners Association
Schools
Elementary School Westergard
Middle School Billinghurst
High School McQueen
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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% ($70,000)
Home price
$350,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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