$349,000 Active
40 ACR Sharrock Road
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

40 acres in Palomino Valley with water rights and subdivision potential. Wide open space, mountain views, the kind of peace that feels hard to find these days. This is a rare opportunity to own a large, buildable parcel with water rights included and the ability to subdivide into 5 acre lots. Buyer pays transfer cost on those. Enjoy quiet rural living with good road access and plenty of room for a custom home, ranch, horses, or future development. Power is nearby, and the property feels private and serene while still being an easy drive to Reno. Pyramid Lake is about 10 minutes away for fishing, boating, and weekend adventures, and Ironwood Events Center and boarding is just 8 minutes away. Whether you want to build your dream homestead, invest in land with long term upside, or create your own slice of high desert freedom, this property offers space, flexibility, and real potential. Opportunities like this in Palomino Valley are limited. Say goodbye to big city anxiety. You will love it.

Listed by Tim Lambdin — NextHome Yourpickettfence Group

Listing Details

Status Active
MLS # 260001498
Days on Market 116

Property History

Feb 09, 2026
Listed for sale
$349,000
Property Overview
Lot Size 40.27 acres
Property Type Land
STR Jurisdiction Washoe County
APN 077-140-04
Exterior & Lot
Lot Features Level, Open Lot
View Desert, Mountain(s), Rural, Valley
Financial
Annual Tax $908
Schools
Elementary School Spanish Springs
Middle School Shaw Middle School
High School Spanish Springs
📊

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% ($69,800)
Home price
$349,000
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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