$950,000 Active
50 N Sierra Street #STE 1011
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,730 Sq Ft

About This Property

Embrace upscale urban living in the heart of Reno's vibrant downtown landscape. The Palladio; the premier luxury high-rise that caters to those seeking the convenience of city amenities, the allure of a second home, or the simplicity of downsizing without compromising on elegance or comfort. This exquisite 2-bedroom, 2-bathroom unit boasts an open concept great room, perfect for those who love to entertain or simply relax in a space flooded with natural light from floor-to-ceiling windows. Step outside onto one the largest patios in the building with stunning river views that promise to captivate during any season. Every room offers a panorama of the city, with the added tranquility of overlooking the scenic Truckee River. The interior speaks of sophistication with a design that seems to let you float above the river, providing a serene escape from the bustling city below. Residents enjoy a tucked-away infinity pool that grants a secluded overlook of the Riverwalk, and a year-round hot tub to unwind after a day's work or play. Living here means being at the epicenter of culture and convenience, with fine dining, trendy bars, engaging performing arts, and the picturesque Truckee River just steps away. Secure parking for two vehicles and 2 separate storage units add to the convenience. For the discerning individual or couple seeking an exceptional living experience, this property is more than a home—it's a statement of sophistication and an embrace of the best that downtown Reno has to offer.

Listed by Samantha Reveley — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260011590
Days on Market 5
Price/Sq Ft $549

Property History

Sep 08, 2026
Listed for sale
$950,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,730
Lot Size 0.04 acres
Stories 13
Year Built 2006
Property Type Condominium
Subdivision The Palladio
STR Jurisdiction Washoe County
APN 011-530-11
Parking
Garage Spaces 2
Total Parking 2
Parking Features Garage, Garage Door Opener, Heated Driveway, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
View City, Mountain(s), Park/Greenbelt
Construction Concrete, Stucco, Other
Roof Membrane, Pitched
Foundation Concrete Perimeter
Pool & Spa
Pool Heated, In Ground, Outdoor Pool
Utilities & Systems
Heating Electric, Forced Air, Heat Pump
Cooling Central Air, Electric, Heat Pump
Financial
Annual Tax $6,492
HOA Fee $1,209 / Monthly
HOA / Community The Palladio HOA
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Gated, Landscaping, Management, Parking, Pool, Security, Spa/Hot Tub
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
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