$350,000 Active
0 Grass Valley 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

Discover the possibilities on this exceptional 40+ acre parcel in the heart of Palomino Valley. Surrounded by sweeping mountain views, expansive open space, and easy access from Pyramid Highway, this property provides the perfect canvas for your custom home, horse property, hobby farm, or private retreat. Power is conveniently available nearby, helping simplify future development while preserving the freedom and privacy that make rural Nevada living so desirable. The property's relatively level terrain offers multiple potential building sites with panoramic valley and mountain vistas in every direction. Surrounded by ranches, farmland, and wide-open skies, you'll enjoy the tranquility of country living with ample room for horses, livestock, workshops, RV storage, and outdoor recreation. Conveniently located within commuting distance of Reno and Sparks, this rare acreage combines accessibility, usability, and breathtaking scenery. Whether you're ready to build today or invest in Northern Nevada's future, this is an opportunity to own a substantial piece of the Silver State's natural beauty.

Listed by Alexa DuBray — LPT Realty, LLC

Listing Details

Status Active
MLS # 260007269

Property History

Jun 07, 2026
Listed for sale
$350,000
Property Overview
Lot Size 40.56 acres
Property Type Land
STR Jurisdiction Washoe County
APN 077-490-01
Exterior & Lot
Lot Features Level, Open Lot
View Desert, Mountain(s), Rural, Valley
Financial
Annual Tax $882
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
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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 BS.0146479.MGR
530.613.5207

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