$315,000
$20K PRICE DROP

Park Tower Condos 280 Island Ave Unit 1002 Reno, NV 89501

MidTown Neighborhood

Estimated payment $3,178/month

Total Views 14,976
1 Bed
2 Baths
751 Sq Ft
$419 Price per Sq Ft

Highlights

  • Gated Community
  • City View
  • Jetted Tub and Shower Combination in Primary Bathroom
  • Mount Rose K-8 School of Languages Rated A-
  • River Nearby
  • 1-minute walk to Barbara Bennett Park

About This Home

The legendary Park Tower in Reno offers a rare find, one of the only downtown high rises still allowing short term rentals, an exciting prospect whether you're a new or savvy real estate investor, eyeing unique opportunities. This stunning 1-bedroom, 2-bathroom condo has been thoughtfully converted into two rentable Airbnb units with separate locked entrances and a history of consistent bookings, making it a truly turnkey investment opportunity. Savor jaw dropping views of the Truckee River, Wingfield Park, and the Sierra Mountains from Mount Rose to Peavine Peak. Enjoy coffee as kayakers paddle by or tap into the vibrant city vibe. Close to top tier dining, shopping, and entertainment, this gem invites exploration for investment potential or lifestyle appeal. A shared rooftop deck and nearby hiking trails call to adventurers, while Lake Tahoe's world class skiing, beaches, and water sports sit just a short drive away. Don't wait, schedule a showing today!

Listing Agent

James VonDorsten

RE/MAX Gold-Midtown License #S.200323 Listed on: 03/11/2025

RE/MAX Gold-Midtown

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,047

Year Built

  • Built in 1961

Lot Details

  • Property fronts a private road
  • Two or More Common Walls
  • Security Fence
  • Level Lot

HOA Fees

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason
  • Slab Foundation
  • Masonite
  • Masonry

Interior Spaces

  • 751 Sq Ft Home
  • 4-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Aluminum Window Frames
  • Family Room
  • Open Floorplan

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Jetted Tub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Sink Near Laundry

Home Security

Parking

  • Tuck Under Parking
  • Common or Shared Parking
  • Assigned Parking

Schools

  • Mt. Rose Elementary School
  • Swope Middle School
  • Reno High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Additional Features

  • Stair Lift
  • River Nearby
  • Mid level unit with steps

Listing and Financial Details

  • Assessor Parcel Number 011-474-10

Community Details

Overview

  • Association fees include insurance, utilities
  • $250 HOA Transfer Fee
  • First Service Residential Association
  • Reno Community
  • Park Towers Subdivision
  • On-Site Maintenance
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Resident Manager or Management On Site
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,047

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,352 per month

Listing Details

  • Year Built: 1961
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Corner Lot, Level
  • Lot Size Acres: 0.02
  • Road Frontage Type: Private Road, Other
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: Fire Sprinkler System, Security Fence, Smoke Detector(s)
  • Association Amenities: Gated, Maintenance Grounds, Maintenance Structure, Management
  • Association Fees: 675.9
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Insurance, Utilities
  • Has H O A?: Yes
  • Co List Office Mls Id: 2428-o
  • Co List Office Phone: 775-391-5435
  • Special Conditions: Standard
  • Subdivision Name: Park Towers
  • Directions: Arlington/Island Ave.
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 751.0
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Mt. Rose
  • Tax Legal Middle Or Junior School2: Swope
  • Tax Legal High School: Reno
  • Tax Legal Tax Annual Amount: 1046.97
  • Tax Legal Zoning4: MD-RD
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 675.9
  • Building Stories5: 4
  • Building Property Attached Y N: Yes
  • Lot Lot Size Acres2: 0.02
  • Lot Lot Size Square Feet2: 871.2
  • Lot Horse Y N2: No
  • Association Details Transfer Fee: 250.0
  • Construction Materials Masonite: Yes
  • Lot View Y N2: Yes
  • Cooling Central Air: Yes
  • Cooling Electric: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: Yes
  • Water Heater Electric5: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Association Amenities Gated: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Association Amenities Management: Yes
  • Security Features Security Fence: Yes
  • Lot Features Corner Lot: Yes
  • Construction Materials Brick: Yes
  • View Trees Woods: Yes
  • View Park Greenbelt: Yes
  • Association Amenities Maintenance Structure: Yes
  • Typeof Construction Masonry4: Yes
  • Road Frontage Type Private Road: Yes
  • Road Responsibility Private Maintained Road: Yes
  • Unit Level Mid Level: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: First Service Residential
  • Water Body View Yes2: Yes
  • Association Community Senior Community Y N3: No
  • Appliances Electric Range: Yes
  • Lot Features Adjoins River: Yes
  • Security Features Fire Sprinkler System: Yes
  • Appliances Electric Oven: Yes
  • Building New Construction Y N3: No
  • Association Details Total Transfer Fees: 250.0
  • Tax Legal Community Name5: Reno
  • Miscellaneous Zoning Info Historical District Y N: No
  • Common Walls2 Common Walls: Yes
  • Special Features: None
  • Stories: 4

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Ceiling Fan(s), Elevator, Lift or Stair Chair
  • Window Features: Blinds, Double Pane Windows, Metal Frames
  • Interior Living Area4: 751.0
  • Interior Fireplace Y N: No
  • Window Features Double Pane Windows: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Window Features Blinds: Yes
  • Living Room Features Family Room Combination: Yes
  • Dining Room Features Living Room Combination: Yes
  • Primary Bedroom Features Tub Shower Combination: Yes
  • Flooring Ceramic Tile: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Window Features Metal Frames: Yes
  • Laundry Features Sink: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Flooring Laminate: Yes
  • Interior Features Ceiling Fan(s)2: Yes
  • Living Room Features Ceiling Fan(s)3: Yes
  • Primary Bedroom Features Jetted Tub: Yes
  • Living Room Features Dining Room Combination: Yes
  • Laundry Features Common Area2: Yes
  • Interior Features Elevator Liftor Stair Chair: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Flat
  • Stories: 4
  • View: City, Mountain(s), Park/Greenbelt, Trees/Woods
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick, Masonite
  • Foundation Details: Slab
  • Other Structures: None
  • Roof Flat: Yes

Garage/Parking

  • Has Attached Garage?: No
  • Has Carport?: No
  • Has Attached Garage?: No
  • Parking Features: Assigned, Common, Under Building
  • Parking Information Garage Y N: No
  • Parking Information Carport Y N: No
  • Parking Features Under Building: Yes
  • Parking Features Common: Yes
  • Parking Features Assigned: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
  • Water Source: Public
  • Laundry Features: Common Area, Laundry Area, Laundry Room, Sink
  • Cooling: Central Air, Electric, Refrigerated
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Water Source Public: Yes
  • Heating Electric4: Yes
  • Association Fee Includes Utilities: Yes

Condo/Co-op/Association

  • Association Name: First Service Residential

Schools

  • Middle Or Junior School: Swope

Lot Info

  • Parcel Number: 011-474-10
  • Fencing: None
  • Lot Size Sq Ft: 871.2
  • Zoning: MD-RD

Tax Info

  • Tax Annual Amount: 1046.97

MLS Schools

  • Elementary School: Mt. Rose
  • HighSchool: Reno

Map

About Park Tower Condos

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,047 $50,006 $29,155 $20,851
2024 $1,047 $49,734 $28,945 $20,789
2023 $1,006 $43,103 $24,010 $19,093
2022 $683 $35,420 $19,775 $15,645
2021 $847 $32,694 $17,465 $15,229
2020 $800 $31,754 $16,415 $15,339
2019 $764 $30,736 $16,415 $14,321
2018 $704 $24,047 $10,010 $14,037
2017 $664 $23,193 $9,275 $13,918
2016 $664 $21,019 $7,385 $13,634
2015 $657 $19,228 $5,845 $13,383
2014 $655 $21,119 $5,845 $15,274
2013 -- $14,175 $3,500 $10,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $315,000 -3.1% $419 / Sq Ft
05/08/2025 05/08/25 Price Changed $325,000 -3.0% $433 / Sq Ft
03/10/2025 03/10/25 For Sale $335,000 +3.1% $446 / Sq Ft
02/16/2024 02/16/24 Sold $325,000 -4.4% $433 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
11/04/2023 11/04/23 For Sale $340,000 -- $453 / Sq Ft
Source: Northern Nevada Regional MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $325,000 Ticor Title
Bargain Sale Deed $99,000 Ticor Title Reno
Trustee Deed $174,375 Ticor Title Of Nevada Inc
Bargain Sale Deed $250,000 First American Title
Interfamily Deed Transfer -- --
Bargain Sale Deed $117,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $301,500 New Conventional
Previous Owner $200,000 Unknown
Previous Owner $94,000 No Value Available
Source: Public Records

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Source: Northern Nevada Regional MLS

MLS Number: 250003552

Northern Nevada Regional MLS

APN: 011-474-10

Nevada Washoe County Reno 89501 MidTown

280 Island Ave Unit 1002, Reno, NV

This home is located at 280 Island Ave Unit 1002, Reno, NV 89501 and is currently priced at $315,000, approximately $419 per square foot. This property was built in 1961. 280 Island Ave Unit 1002 is a home located in Washoe County with nearby schools including Mount Rose K-8 School of Languages, Darrell C Swope Middle School, and Reno High School.

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Nearby Homes
James VonDorsten
Listing Agent
James VonDorsten
Section Image
RE/MAX Gold-Midtown
(775) 234-0057