Park Tower is the only downtown Reno high rise that permits short term rentals. This 10th floor unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. This is a short sale. Cash and 1031 exchange offers only. The building sits on Island Avenue directly above the Truckee River and Wingfield Park. The unit faces west with direct views of the river, the park, and the Sierra Nevada. The Riverwalk District is right outside with immediate access to dining, coffee, and nightlife. Mount Rose and Lake Tahoe are a short drive for skiing and year round outdoor access. The building features a shared rooftop deck. Buyers should conduct their own due diligence regarding income potential. Whether you are adding to a portfolio or executing a 1031 exchange, this is a rare opportunity to acquire a short term rental asset in downtown Reno.
Active
$219,900
280 Island Ave APT 1002, Reno, NV 89501
1beds
751sqft
Est.:
Condominium
Built in 1961
-- sqft lot
$-- Zestimate®
$293/sqft
$676/mo HOA
What's special
Shared rooftop deck
- 24 days |
- 2,229 |
- 101 |
Zillow last checked:
Listing updated:
Listed by:
James Von Dorsten S.200323 775-691-1424,
RE/MAX Gold-Midtown
Source: NNRMLS,MLS#: 260003287
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Refrigerator
- Laundry: Common Area, Laundry Room, Sink
Features
- Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)
- Flooring: Ceramic Tile, Laminate
- Windows: Blinds, Double Pane Windows, Metal Frames
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 751
- Total interior livable area: 751 sqft
Property
Parking
- Parking features: Permit Required, Detached, Garage, Under Building
- Has garage: Yes
Features
- Levels: Three Or More
- Stories: 17
- Patio & porch: None
- Exterior features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City, Mountain(s), Park/Greenbelt, Trees/Woods
Lot
- Size: 871.2 Square Feet
- Features: Corner Lot, Level
Details
- Additional structures: None
- Parcel number: 01147410
- Zoning: MD-RD
- Special conditions: Short Sale
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Masonite
- Foundation: Slab
- Roof: Flat
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Internet Available, Phone Available, Sewer Available, Water Available, Cellular Coverage
Community & HOA
Community
- Security: Fire Sprinkler System, Keyless Entry, Security Fence, Smoke Detector(s)
- Subdivision: Park Towers
HOA
- Has HOA: Yes
- Amenities included: Gated, Management
- Services included: Cooling, Insurance
- HOA fee: $676 monthly
- HOA name: Western Nevada Management
Location
- Region: Reno
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $142,875
- Annual tax amount: $1,071
- Date on market: 3/22/2026
- Cumulative days on market: 26 days
- Listing terms: 1031 Exchange,Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/22/2026 | Listed for sale | $219,900-29.1%$293/sqft |
Source:  NNRMLS #260003287 Report a problem | ||
| 9/10/2025 | Listing removed | $310,000$413/sqft |
Source: NNRMLS #250003552 Report a problem | ||
| 8/14/2025 | Price change | $310,000-1.6%$413/sqft |
Source: NNRMLS #250003552 Report a problem | ||
| 6/19/2025 | Price change | $315,000-3.1%$419/sqft |
Source: NNRMLS #250003552 Report a problem | ||
| 5/8/2025 | Price change | $325,000-3%$433/sqft |
Source: NNRMLS #250003552 Report a problem | ||
| 3/21/2025 | Listed for sale | $335,000+3.1%$446/sqft |
Source: NNRMLS #250003552 Report a problem | ||
| 2/16/2024 | Sold | $325,000-4.4%$433/sqft |
Source: NNRMLS #230012832 Report a problem | ||
| 1/19/2024 | Pending sale | $340,000$453/sqft |
Source: NNRMLS #230012832 Report a problem | ||
| 11/4/2023 | Listed for sale | $340,000+172%$453/sqft |
Source: NNRMLS #230012832 Report a problem | ||
| 7/18/2009 | Listing removed | $125,000-28.3%$166/sqft |
Source: Melanie Kennemann #80014100 Report a problem | ||
| 11/7/2008 | Sold | $174,375+39.5%$232/sqft |
Source: Public Record Report a problem | ||
| 9/16/2008 | Listed for sale | $125,000-50%$166/sqft |
Source: Melanie Kennemann #80014100 Report a problem | ||
| 6/17/2005 | Sold | $250,000+112.8%$333/sqft |
Source: Public Record Report a problem | ||
| 2/13/2003 | Sold | $117,500$156/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,047 +4.1% | $50,006 +0.5% |
| 2024 | $1,006 +10% | $49,734 +15.4% |
| 2023 | $915 +7.9% | $43,103 +21.7% |
| 2022 | $847 +6% | $35,420 +8.3% |
| 2021 | $800 +4.7% | $32,694 +6.4% |
| 2020 | $764 -4.4% | $30,736 |
| 2019 | $800 +4.7% | $30,736 +27.8% |
| 2018 | $764 +15% | $24,047 +3.7% |
| 2017 | $664 | $23,193 +10.3% |
| 2016 | $664 | $21,019 +9.3% |
| 2015 | $664 +1.4% | $19,228 -9% |
| 2014 | $655 | $21,119 +49% |
| 2013 | $655 | $14,175 |
| 2012 | -- | $14,175 +7.8% |
| 2011 | -- | $13,144 -13.7% |
| 2010 | -- | $15,239 -17.1% |
| 2009 | -- | $18,378 -2% |
| 2008 | -- | $18,757 |
| 2007 | -- | $18,757 +13.2% |
| 2006 | -- | $16,569 +5.3% |
| 2005 | -- | $15,734 +18.5% |
| 2004 | -- | $13,281 -0.9% |
| 2003 | -- | $13,407 |
Find assessor info on the county website
Monthly payment
Est. payment
$1,891/mo
Principal & interest
$1134
HOA Fees
$676
Property taxes
$81
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Climate risks
Neighborhood: Riverwalk
Nearby schools
GreatSchools rating
- 8/10Mount Rose Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.8 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Mt. Rose
- Middle: Swope
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Nevada
- Washoe County
- Reno
- 89501
- Riverwalk
- 280 Island Ave Apartment 1002
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