$284,950
OPEN HOUSE 8/16 $25K PRICE DROP

Park Tower Condos 280 Island Ave Unit 1406 Reno, NV 89501

MidTown Neighborhood

Estimated payment $3,099/month

Total Views 44,172
1 Bed
2 Baths
801 Sq Ft
$356 Price per Sq Ft

Highlights

  • Unit is on the top floor
  • Two Primary Bedrooms
  • City View
  • Mount Rose K-8 School of Languages Rated A-
  • Gated Community
  • 1-minute walk to Barbara Bennett Park

About This Home

Owner to contribute $5,000 towards buyers closing costs. INVESTOR ALERT! Discover an unparalleled opportunity with this high-performing Airbnb condo, boasting two exclusive, thoughtfully designed spaces (two separate Airbnb listings). Each space offers stunning, unobstructed views of downtown Reno, the vibrant Riverwalk District, & the surrounding mountains. The main unit features a full kitchen, while the secondary unit includes a convenient kitchenette., Both spaces offer private keyless entrances, ensuite full bathrooms. Plus, this exceptional property comes FULLY FURNISHED, complete with all necessary supplies—making it a seamless, turnkey investment. This unique condo is ideal for investors seeking a turnkey short-term rental operation or owner-occupants looking to offset living expenses. Perfect for multigenerational families or savvy buyers, the layout provides flexibility and privacy. Guests will appreciate the curated attention to detail designed to enhance their experience. A stocked supply closet ensures effortless property management, and the HOA covers nearly all utilities (excluding electricity and cable/internet). This is the only high rise building in the downtown area that allows Airbnb's. Don’t miss your chance to own this prime, income-generating property in the heart of Reno. See attached docs for last 3 years of gross income earnings for Airbnb business and all operating docs/inventory list. Call today to schedule a private tour and seize this rare opportunity.

Listing Agent

Cameron Meals

Blue Sierra Realty License #S.192695 Listed on: 01/19/2025

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,022

Year Built

  • Built in 1961

Lot Details

  • Property fronts a private road
  • Security Fence
  • Landscaped

HOA Fees

Property Views

  • Peek-A-Boo
  • Park or Greenbelt

Home Design

  • Flat Roof Shape
  • Brick or Stone Veneer
  • Slab Foundation
  • Stick Built Home

Interior Spaces

  • 801 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Aluminum Window Frames
  • Entrance Foyer
  • Great Room
  • Combination Kitchen and Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Cooktop
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Double Master Bedroom
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

Parking

  • Tuck Under Parking
  • Common or Shared Parking

Schools

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

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • No Water Heater
  • Internet Available

Additional Features

  • River Nearby
  • Unit is on the top floor

Listing and Financial Details

  • Assessor Parcel Number 011-475-14

Community Details

Overview

  • Association fees include utilities
  • $300 HOA Transfer Fee
  • First Service Residential: Association, Phone Number (775) 324-0777
  • Reno Community
  • Park Towers Subdivision
  • On-Site Maintenance
  • Maintained Community
  • The community has rules related to covenants, conditions, and restrictions

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,022

Year Built

Built in 1961

Lot Details

0

HOA Fees

$1,440 per month

Listing Details

  • Year Built: 1961
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Horses: No
  • Lot Features: Level
  • Lot Size Acres: 0.02
  • Road Frontage Type: Private Road, Other
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: Fire Sprinkler System, Keyless Entry, Security Fence, Smoke Detector(s)
  • Association Amenities: Gated, Landscaping, Maintenance Grounds, Maintenance Structure
  • Association Fees: 720.0
  • Association Fee Frequency: Monthly
  • Association Fee Inclusions: Utilities
  • Has H O A?: Yes
  • Co List Office Mls Id: 2374-o
  • Co List Office Phone: 775-720-4677
  • Subdivision Name: Park Towers
  • Directions: Arlington
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Living Area: 801.0
  • 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: 1022.47
  • Tax Legal Zoning4: Mdrd
  • Association Community Association Y N3: Yes
  • Association Community Association Fee3: 720.0
  • Building Stories5: 1
  • 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: 300.0
  • 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
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Cooling Refrigerated: Yes
  • Appliances Disposal: Yes
  • Security Features Smoke Detector(s): Yes
  • View Mountain(s): Yes
  • Association Amenities Gated: Yes
  • Association Amenities Maintenance Grounds: Yes
  • Security Features Security Fence: Yes
  • View Peek: Yes
  • Other Rooms Entrance Foyer2: Yes
  • View Park Greenbelt: Yes
  • Association Amenities Landscaping: Yes
  • Association Amenities Maintenance Structure: Yes
  • Road Frontage Type Private Road: Yes
  • Road Responsibility Private Maintained Road: Yes
  • Association Community Association Fee Frequency3: Monthly
  • Association Details Management Company Name5: First Service Residential:
  • Water Body View Yes2: Yes
  • Construction Materials Masonry Veneer: Yes
  • Association Community Senior Community Y N3: No
  • Appliances Electric Range: Yes
  • Lot Features Adjoins River: Yes
  • Water Heater None29: Yes
  • Association Details Management Company Phone5: 775-324-0777
  • Security Features Fire Sprinkler System: Yes
  • Appliances Included As Personal Property Electric Cooktop2: Yes
  • Appliances Electric Oven: Yes
  • Building New Construction Y N3: No
  • Association Details Total Transfer Fees: 300.0
  • Tax Legal Community Name5: Reno
  • Miscellaneous Zoning Info Historical District Y N: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Additional Refrigerator(s), Disposal, Electric Cooktop, Electric Oven, Electric Range, Refrigerator
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Interior Amenities: Entrance Foyer
  • Window Features: Blinds, Double Pane Windows, Drapes, Metal Frames, Rods, Single Pane Windows
  • Interior Living Area4: 801.0
  • Interior Fireplace Y N: No
  • Window Features Double Pane Windows: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Primary Bedroom Features Tub Shower Combination: Yes
  • Primary Bedroom Features On Main Floor: Yes
  • Flooring Ceramic Tile: Yes
  • Window Features Rods: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Window Features Metal Frames: Yes
  • Kitchen Features Breakfast Nook: Yes
  • Flooring Laminate: Yes
  • Primary Bedroom Features Additional Primary Bedroom: Yes
  • Personal Property Included Furnishings: Yes
  • Unit Level Top Floor: Yes
  • Laundry Features Common Area2: Yes
  • Interior Features Entrance Foyer: Yes
  • Kitchen Features Electric Cooktop3: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Flat
  • Stories: 1
  • View: City, Mountain(s), Park/Greenbelt, Peek
  • Construction Type: Masonry Veneer
  • Foundation Details: Slab
  • Roof Flat: Yes

Garage/Parking

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

Utilities

  • Utilities: Electricity Available, Internet Available, Sewer Available, Water Available, Cellular Coverage
  • Water Source: Public
  • Laundry Features: Common Area, Laundry Area
  • Cooling: Central Air, Electric, Refrigerated
  • Heating: Electric, Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Electricity 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
  • Heating Hot Water2: 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: 011-475-14
  • Fencing: None
  • Lot Size Sq Ft: 871.2
  • Zoning: Mdrd

Tax Info

  • Tax Annual Amount: 1022.47

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 $1,105 $51,407 $29,155 $22,252
2024 $1,105 $51,130 $28,945 $22,185
2023 $1,022 $44,385 $24,010 $20,375
2022 $929 $36,470 $19,775 $16,695
2021 $861 $33,716 $17,465 $16,251
2020 $813 $32,784 $16,415 $16,369
2019 $777 $31,697 $16,415 $15,282
2018 $716 $24,990 $10,010 $14,980
2017 $696 $24,127 $9,275 $14,852
2016 $677 $21,935 $7,385 $14,550
2015 $669 $20,127 $5,845 $14,282
2014 $668 $22,143 $5,845 $16,298
2013 -- $14,894 $3,500 $11,394
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $284,950 -1.7% $356 / Sq Ft
05/07/2025 05/07/25 Price Changed $289,950 -3.3% $362 / Sq Ft
03/24/2025 03/24/25 Price Changed $299,950 -3.2% $374 / Sq Ft
01/19/2025 01/19/25 For Sale $310,000 +44.2% $387 / Sq Ft
12/10/2020 12/10/20 Sold $215,000 0.0% $268 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $215,000 -2.3% $268 / Sq Ft
10/05/2020 10/05/20 For Sale $220,000 -9.1% $275 / Sq Ft
01/02/2020 01/02/20 Sold $242,000 -1.2% $302 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
11/19/2019 11/19/19 Price Changed $245,000 -1.6% $306 / Sq Ft
11/06/2019 11/06/19 Price Changed $249,000 -2.0% $311 / Sq Ft
10/07/2019 10/07/19 For Sale $254,000 +33.3% $317 / Sq Ft
03/31/2017 03/31/17 Sold $190,500 -2.3% $238 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
01/30/2017 01/30/17 For Sale $195,000 0.0% $243 / Sq Ft
11/05/2013 11/05/13 Rented $950 -4.5% --
11/01/2013 11/01/13 Under Contract -- -- --
07/26/2013 07/26/13 For Rent $995 -- --
Source: Northern Nevada Regional MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Bargain Sale Deed -- Stewart Title
Bargain Sale Deed $215,000 Stewart Title
Bargain Sale Deed $242,000 Ticor Title Reno
Bargain Sale Deed $190,500 First Centennial Reno
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $220,000 Stewart Title Of Northern Nv
Bargain Sale Deed $162,000 First American Title
Bargain Sale Deed $1,896,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $161,250 New Conventional
Previous Owner $176,000 Unknown
Previous Owner $112,000 Unknown
Source: Public Records

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Source: Northern Nevada Regional MLS

MLS Number: 250000697

Northern Nevada Regional MLS

APN: 011-475-14

Nevada Washoe County Reno 89501 MidTown

280 Island Ave Unit 1406, Reno, NV

This home is located at 280 Island Ave Unit 1406, Reno, NV 89501 and is currently priced at $284,950, approximately $355 per square foot. This property was built in 1961. 280 Island Ave Unit 1406 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
Cameron Meals
Listing Agent
Cameron Meals
Section Image
Blue Sierra Realty
(775) 414-9832