$199,000 Active
21685 Palamino Road
Virginia City, NV 89440
STR Status Unknown

About This Property

**YOUR DREAM HOME STARTS HERE!** Discover the rare opportunity to own 7+ acres of breathtaking land in the highly desirable VC Highlands—offering the privacy and serenity of a mountain escape while remaining just minutes from the conveniences of South Meadows. Best of all, much of the groundwork has already been done. The property features an **operational well, functional septic system, power at the site, completed initial dirt work, and a beautifully graded building pad** ready for your vision. A **foundation footer has also been poured**, providing an incredible head start toward creating your custom dream home. Positioned to take full advantage of the natural setting, the building pad overlooks a scenic ravine with a **seasonal creek and expansive easterly views**. Imagine waking up to open skies, incredible scenery, and the feeling of having your own private retreat—without giving up easy access to town. Access is convenient, with paved roads leading to within approximately half a mile of the property. From there, your private acreage opens up into a peaceful setting that feels worlds away, yet you're only about **15 minutes from everything South Meadows has to offer**, including shopping, dining, services, and more. With acreage, infrastructure, a prepared building site, established improvements, and spectacular views already in place, this property offers an exceptional opportunity to bring your dream home to life in one of the area's most sought-after settings. **Come walk the property and see the possibilities for yourself!** Opportunities like this are hard to find. *RV shown in previous marketing is no longer on the property and does not convey. *

Listed by John Ruddy — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260011916
Days on Market 5

Property History

Sep 15, 2026
Listed for sale
$199,000
Property Overview
Lot Size 7.31 acres
Property Type Land
APN 003-111-38
Exterior & Lot
Lot Features Sloped Down, Wooded
View Mountain(s), Trees/Woods, Valley
Financial
Annual Tax $854
HOA Fee $100
HOA / Community Virginia City Highlands Property Owners Assoc
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 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% ($39,800)
Home price
$199,000
Loan details
30-yr fixed, 6.5%
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