$189,900 Active
2120 Castle Peak Road
Reno, NV 89521
STR Status Unknown

About This Property

Set against the rugged beauty of the Virginia Range, this expansive 40-acre property , easily accessible chance to own a true slice of the American West—just 25 minutes southeast of Reno. -Easy Access Road -Seasonal Creek -Flatter Homesite Areas -Mountain Hiking Terrain -Idyllic Western Canyon Setting but only 25 mins from Reno -Less than an Hour from Lake Tahoe -Power Nearby -Wild Horse Zone Here, wide-open skies, rolling canyon terrain, and sweeping mountain views create a setting that feels worlds away, yet remains remarkably close to city conveniences. A well-graded gravel road runs directly through the property, providing easy access and opening up multiple potential homesite locations. Near the road, you'll find flatter, highly buildable areas that make construction straightforward, all completely free from floodplain concerns. A seasonal creek winds through the land, adding character and a natural draw for local wildlife. Power is also conveniently located nearby at the intersection of Castle Peak Road and Scorpion Road—making future development even more attainable. For those who crave adventure, the terrain rises into invigorating hiking ground near Castle Peak, panoramic views and a true backcountry experience right on your own land. This is also a wild horse zone, giving you the unforgettable opportunity to witness these iconic animals roaming freely across the landscape. Despite the peaceful, canyon-like setting, you're still within easy reach of everything you need. Reno's shopping, dining, and entertainment are just a short drive away, and the world-class recreation of Lake Tahoe is less than an hour from your doorstep. With its combination of accessibility, buildability, natural beauty, and proximity to major destinations.

Listed by Bradley Petersen — Nevada LFW Inc.

Listing Details

Status Active
MLS # 260006015
Days on Market 22

Property History

May 14, 2026
Listed for sale
$189,900
Property Overview
Lot Size 40.00 acres
Property Type Land
APN 004-221-63
Exterior & Lot
Lot Features Sloped Down, Sloped Up, Wooded, Other
View Mountain(s), Trees/Woods
Financial
Annual Tax $430
Schools
Elementary School Gallagher, Hugh
Middle School Virginia City
High School Virginia City
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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% ($37,980)
Home price
$189,900
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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