$399,000 Active
0 Browne & Meadows Lane #4-5 16-17 21-22A; 12-15 18-19B
Fernley, NV 89408
STR Status Unknown

About This Property

Exceptional opportunity to acquire 12 previously approved final map lots located within the City of Fernley. This offering presents a rare chance for a builder or developer to step into a partially entitled project with significant upfront work already completed. All lots have water rights dedicated, providing a major advantage in today's development environment. The parcels average approximately 7,000 sq. ft. to over ¼ acre, offering flexibility for a range of residential product types and appealing lot sizes for end buyers. The final map approval has been secured; however, the project will require construction of streets, utilities, and supporting infrastructure, along with updated engineering to meet current city standards. This creates an ideal scenario for a developer to bring the project to completion while tailoring improvements to their specific build strategy. Located in a growing area of Fernley with strong demand for new housing, this is a prime infill opportunity with proximity to existing services, utilities, and commuter routes. Don't miss the chance to capitalize on a shovel-ready foundation with key entitlements already in place—positioned for efficient development and long-term upside.

Listed by Daniel McCreary — RE/MAX Traditions

Listing Details

Status Active
MLS # 260003397
Days on Market 72

Property History

Mar 25, 2026
Listed for sale
$399,000
Property Overview
Lot Size 2.34 acres
Property Type Land
Subdivision Donner Trail Estates Ph 8
APN 022-081-03,04,05, 022-082-04,05, 022-251-01,08-13
Exterior & Lot
Lot Features Curbs
Financial
Annual Tax $2,455
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% ($79,800)
Home price
$399,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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