16295 Mt Rose Hwy, Reno, NV 89511

Description

5-Acre Reno Estate-Panoramic Views, Studio, No HOA, flexible Live/Work Zoning (HDR). Enjoy spectacular Mt Rose views at this rare and versatile mountain property offering 4.97 acres of expansive land, panoramic Mt. Rose views, a fully renovated main residence, and a historic secondary structure with flexible living space and modern upgrades offering a great investment opportunity—all just off Mt. Rose Highway.

The main home, originally the first residence built on this side of the highway, has been thoughtfully updated to combine timeless charm with today's finishes. Updates include new high-end windows, a stylish kitchen and bathrooms, modern flooring throughout, and new Class A-rated board and batten siding for long-term durability and aesthetic appeal. A partially finished 1,880 sq ft basement offers additional living space currently used as a home theater, gym, family room, and workshop—ready to be customized to suit your needs.

Positioned directly across from Montreux but without the HOA and at a fraction of the cost. New, extensive landscaping opens up spectacular views of Mt. Rose and adds both functionality and curb appeal to the property. Two wells and two septic systems provide flexible utility options for both buildings. All bathrooms now feature heated floors, and a mini split system was recently added to enhance year-round comfort.

The historic secondary structure—originally built as a fire and ambulance station with the help of local firefighters—has been transformed into a 1,100 sq ft space with a wide range of possibilities. Upstairs features a fully renovated studio apartment with updated flooring and a refreshed bathroom. Downstairs is a 650 sq ft space that has been framed and permitted through the county—ready for a future apartment or additional living space. This space offers great investment opportunity for anyone seeking passive income from the rental potential. This structure also includes a new roof, new electrical panel, and two oversized garage bays with new openers—ideal for storing recreational vehicles, tools, or other equipment. The building operates independently with its own well and septic system, offering privacy and utility for guests, tenants, or extended family.

Zoned High Density Rural (HDR), the property allows for a variety of potential uses including equestrian facilities, multi-family housing, home business operations, or future development. This zoning flexibility, paired with existing infrastructure and spacious acreage, makes the property ideal for those seeking both a personal retreat and long-term investment potential.

Located just minutes from world-class skiing, mountain biking, hiking trails, and the pristine waters of Lake Tahoe, this property delivers the perfect combination of seclusion, accessibility, and mountain lifestyle. Whether you're looking for a multi-generational estate, a unique investment property, or a peaceful full-time residence with room to grow, this rare offering stands out for its history, charm, and incredible future possibilities.

Seller Offering to pay for a 2 Percent Interest Rate Buy Down on behalf of the buyer and Appraisal Credit.