$10,950,000 Active
515 Rhodes Road
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
7 Beds
·
7.5 Baths
·
11,591 Sq Ft
Virtual Tour

About This Property

Set behind a secluded, gated entrance in South Reno's coveted Steamboat Valley ranch area, Wisteria Rhodes Estate is an extraordinary lifestyle property where architectural substance, refined entertaining and true self-sufficiency converge. Designed for multigenerational living and large-scale gatherings, the ADA-accessible residence offers panoramic mountain views, multiple living and recreation spaces, a movie theater, an integrated greenhouse and extensive garage/RV storage. Interiors reflect uncompromising quality: old-growth white fir structural columns, liana vine stair railings, a vintage 1940s Atlanta country club chandelier, custom cabinetry, solar-fed radiant floor heating, travertine flooring, whole-house audio, backup generator and a four-level elevator. The chef's kitchen features a 60" six-burner Wolf range with griddle and double ovens, Sub-Zero refrigeration, a steam oven, Taj Mahal granite and an early-1900s Boos butcher block, plus a fully equipped butler's pantry with an AGA range, extra refrigeration, ice maker and Fisher & Paykel dishwasher drawers. The primary bath features a sourced Indonesian boulder bathtub. Built for entertaining, the covered outdoor kitchen includes Wolf and Thermador appliances, a rotisserie and charcoal barbecue, and a wood-fired pizza oven imported from Portugal. Indoors, a slide leads to a walkout basement with a bar, theater, gym and spa room. The paver driveway comfortably accommodates large gatherings. Beyond the residence, a rare cultivated landscape spans agriculture and beauty. Roughly 25 raised garden beds yield tomatoes, peppers, asparagus, artichokes, berries, rhubarb, garlic, herbs, melons, potatoes and more, with drip irrigation throughout the gardens, orchard and vineyard. Big Ditch water rights support the pasture spring through fall. The orchard holds 20-25 mature fruit trees, and a private vineyard grows Merlot, Cabernet, Zinfandel, Concord and table grapes, with ties to the local wine community and UNR's agricultural program. Seasonal sunflower groves, wisteria, herb gardens and a heated/cooled greenhouse with high-end lighting, a sink and cabinets round out the grounds. Two beehive areas support pollination, and an established chicken house accommodates roughly 30 chickens, producing 12-18 eggs daily in warmer months. Two horse enclosures offer turnout stalls, heated shelters, feed storage, a tack room and arena, while the irrigated pasture supports horses, cattle or hay. Riding access extends toward Virginia City. An arboretum-like backyard hosts great horned owls, red-tailed hawks, eagles, hummingbirds and migratory birds, with wild horses, deer, coyotes and occasional bears passing through. The 2025-renovated guest house offers a full kitchen, bedroom, living/dining space, hardwood floors, A/C and garage — ideal for family, guests or a caretaker. A custom hobbit house in the roundabout delights children and adults alike. Despite its privacy and rural immersion, the estate is under 15 minutes from Reno-Tahoe International Airport, a half mile from natural hot springs, 2 miles to Sierra Summit outdoor mall, roughly 30 minutes to Lake Tahoe, 20 to Mount Rose Ski Resort, 25 to Virginia City, and 15 to Carson City. Wisteria Rhodes Estate is a private sanctuary for cultivating food, gathering generations, caring for animals and building a lasting legacy rooted in the land. Inquire about the appurtenant Big Ditch water rights, based on irrigable acreage and set annually by the ditch master (typically April-October); supplemental water rights are separately negotiable. Total square footage includes the 1,087 sq ft guest house and approximately 660 sq ft interior greenhouse. Information deemed reliable; buyers/agents to verify. Wisteria Rhodes Estate must be experienced in person.

Listed by Soni Jackson — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260009474
Days on Market 1
Price/Sq Ft $945

Property History

Jul 23, 2026
Listed for sale
$10,950,000
Property Overview
Beds 7
Baths 7.5
Sq. Ft. 11,591
Lot Size 5.03 acres
Stories 4
Year Built 2005
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 017-400-19
Parking
Garage Spaces 15
Total Parking 40
Parking Features Additional Parking, Attached, Detached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Garage, RV Access/Parking, RV Garage, Tandem, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue, Multiple Entry Flat or Ramped, Outdoor Kitchen
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Meadow, Mountain(s), Ski Resort, Valley
Construction Stone, Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Propane, Radiant Floor, Solar
Cooling Central Air
Financial
Annual Tax $41,256
Schools
Elementary School Pleasant Valley
Middle School Marce Herz
High School Galena
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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% ($2,190,000)
Home price
$10,950,000
Loan details
30-yr fixed, 6.5%
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