Park Tower Condos 280 Island Ave Unit 201 Reno, NV 89501
MidTown NeighborhoodEstimated payment $2,737/month
Highlights
- Gated Community
- City View
- Clubhouse
- Mount Rose K-8 School of Languages Rated A-
- River Nearby
- 1-minute walk to Barbara Bennett Park
About This Home
Discover urban living at its finest with this charming 2-bedroom, 2-bathroom condo in the sought-after Park Towers, right in the heart of Downtown Reno. Nestled across the street from Wingfield Park along the picturesque Truckee River, this location places you within walking distance of Reno’s most popular dining spots, vibrant bars, casinos, and top entertainment venues. The condo’s expansive windows flood the space with natural light, framing beautiful views of Wingfield Park and the river..., while laminate flooring adds warmth and style. Park Towers stands out as one of the few high-rises in Reno that allows short-term rentals, creating a rare investment opportunity. Currently a successful Airbnb, this property boasts excellent cash flow, details of which are available to qualified buyers. Whether you're looking for a dynamic place to live or a profitable investment, this this condo offers both. Enjoy the convenience of being just 10 minutes from Reno-Tahoe International Airport, 30 minutes from Lake Tahoe, and at the center of the city's cultural pulse. Don't miss the chance to experience Reno's vibrant lifestyle from a cozy, light-filled home in one of the city’s most iconic high-rise
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,257
Year Built
- Built in 1961
HOA Fees
- $748 Monthly HOA Fees
Property Views
- Woods
- Park or Greenbelt
Home Design
- Slab Foundation
- Pitched Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 960 Sq Ft Home
- 1-Story Property
- Furnished
- Double Pane Windows
- Family Room
- Combination Kitchen and Dining Room
- Laminate Flooring
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub and Shower Combination in Primary Bathroom
Outdoor Features
- River Nearby
- Patio
Schools
- Mt. Rose Elementary School
- Swope Middle School
- Reno High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
Additional Features
- Property fronts a private road
- Mid level unit with steps
Listing and Financial Details
- Assessor Parcel Number 011-471-04
Community Details
Overview
- Association fees include insurance, utilities
- $250 HOA Transfer Fee
- First Service Residential Association, Phone Number (775) 624-8805
- Reno Community
- Park Towers Subdivision
- On-Site Maintenance
- Maintained Community
- The community has rules related to covenants, conditions, and restrictions
Amenities
- Clubhouse
Security
- Security Service
- Resident Manager or Management On Site
- Gated Community
Map
About Park Tower Condos
Home Values in the Area
Average Home Value in this Area
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 | $1,257 | $56,273 | $29,155 | $27,118 |
| 2024 | $1,257 | $55,998 | $28,945 | $27,053 |
| 2023 | $790 | $48,818 | $24,010 | $24,808 |
| 2022 | $1,059 | $40,101 | $19,775 | $20,326 |
| 2021 | $982 | $37,253 | $17,465 | $19,788 |
| 2020 | $927 | $36,362 | $16,415 | $19,947 |
| 2019 | $885 | $35,044 | $16,415 | $18,629 |
| 2018 | $820 | $28,274 | $10,010 | $18,264 |
| 2017 | $799 | $27,367 | $9,275 | $18,092 |
| 2016 | $777 | $25,064 | $7,385 | $17,679 |
| 2015 | $770 | $23,255 | $5,845 | $17,410 |
| 2014 | $807 | $25,650 | $5,845 | $19,805 |
| 2013 | -- | $16,530 | $3,500 | $13,030 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2025 04/28/25 | For Sale | $355,000 | 0.0% | $370 / Sq Ft | |
| 04/27/2025 04/27/25 | Off Market | $355,000 | -- | -- | |
| 02/12/2025 02/12/25 | Price Changed | $355,000 | -1.4% | $370 / Sq Ft | |
| 10/27/2024 10/27/24 | For Sale | $360,000 | -5.3% | $375 / Sq Ft | |
| 07/14/2023 07/14/23 | Sold | $380,000 | -7.3% | $396 / Sq Ft | View Prior Sale |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- | |
| 06/05/2023 06/05/23 | For Sale | $410,000 | +91.1% | $427 / Sq Ft | |
| 08/07/2020 08/07/20 | Sold | $214,500 | -5.5% | $223 / Sq Ft | View Prior Sale |
| 06/12/2020 06/12/20 | Pending | -- | -- | -- | |
| 05/21/2020 05/21/20 | For Sale | $227,000 | -- | $236 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $380,000 | First American Title | |
| Interfamily Deed Transfer | -- | First Centennial Title Reno | |
| Bargain Sale Deed | $214,500 | First Centennial Title Reno | |
| Quit Claim Deed | -- | First American Title | |
| Bargain Sale Deed | $145,000 | First American Title | |
| Bargain Sale Deed | $1,276,500 | First American Title | |
| Bargain Sale Deed | $683,550 | First American Title | |
| Bargain Sale Deed | $2,919,150 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $160,500 | New Conventional | |
| Previous Owner | $105,000 | Unknown |
Source: Northern Nevada Regional MLS
MLS Number: 240013781
APN: 011-471-04
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