$12,000,000 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
500 State Route 34
Gerlach, NV 89412
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

LUXURY PROPERTY AUCTION: 16-28 April. Accepting starting bids through 31 March. Starting bids expected at 7M+. Earn an incentive by 31 March. Few properties on earth occupy a position as scientifically and experientially singular as Camp David formerly known as the Great Boiling Springs Park. Set on 144 acres atop one of Nevada's most geothermally active regions, this historic holding encompasses dozens of hot springs and thermal pools, including the legendary Great Boiling Spring itself with 201 Acre Feet of Water. The land harbors a one-of-a-kind living laboratory: Thermocrinis jamiesonii, a thermophilic microorganism found nowhere else on the planet, has drawn researchers from leading institutions worldwide including NASA making this a site of genuine scientific import. Existing structures include a primary dwelling, shop and storage, a maintenance outbuilding, and dedicated power storage. Black Rock mud lends additional therapeutic allure. Whether envisioned as a destination wellness resort, a research institute, a fractional ownership retreat, or a geothermal power and water enterprise, the possibilities here are as boundless as the desert horizon that surrounds them.

Listed by Keith Semerad — Key Realty LLC

Listing Details

Status Active
MLS # 260003182
Days on Market 77

Property History

Mar 20, 2026
Listed for sale
$12,000,000
Property Overview
Lot Size 130.00 acres
Property Type Land
STR Jurisdiction Washoe County
APN 071-220-02
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Open Lot
Financial
Annual Tax $960
Schools
Elementary School Gerlach K-12
Middle School Gerlach K-12
High School Gerlach K-12
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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% ($2,400,000)
Home price
$12,000,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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