Rare Pleasant Valley opportunity in South Reno on 2 usable acres with water rights and no HOA. 1,900 sq ft home featuring 3 bedrooms, 2 baths, and 3 car garage. Flat, usable acreage with room for horses, RVs, trailers, equipment, shop space, or future expansion. Enjoy quiet rural living with privacy, open space, and mountain and valley surroundings, all just minutes to Reno, shopping, dining, and everyday conveniences. Hard to find combination of land, location, and flexibility in one of South Reno's most desirable rural communities. Priced to reflect condition and sold as is. Strong opportunity for buyers ready to update, remodel, or personalize while building equity. Ideal for those seeking acreage, investment potential, or a long term hold in a high demand area. Existing home, land, and water rights provide a solid foundation for improvement, expansion, or future vision. Rare chance to create your own space with usable land and valuable water rights in Pleasant Valley. Properties with usable acreage, water rights, and no HOA in Pleasant Valley rarely come available.
Single-familyProperty Type
1940Year Built
2.01 acresLot Size
$368Price/Sq.Ft.
3 car garageParking
Listed by Jodi Kruse•DRE #S.169610• Sierra Sotheby's International
Bought with Jessica Hodges•DRE #B.145936• Real Broker LLC
Est. $3,370 per month, based on comparable rentals
Sale and tax history for 505 Rhodes Rd
Sale History
Tax History
Date
Event
Price
NNRMLS #260004186
Apr 24, 2026
Sold
$700,000
$368/sq ft
Apr 11, 2026
Contingent
—
Apr 9, 2026
Listed
$649,000
$342/sq ft
Public Records
Oct 19, 1990
Sold
$150,000
$79/sq ft
Public Records
Oct 1, 1990
Sold
$138,462
$73/sq ft
Public Records
Oct 4, 1989
Sold
$143,000
$75/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,956 (+2.9%)
$48,140 + $31,942
$80,082
2024
$1,901 (+3.0%)
$43,719 + $31,780
$75,499
2023
$1,845 (+3.0%)
$37,726 + $31,324
$69,050
2022
$1,792 (+3.0%)
$34,877 + $29,006
$63,883
2021
$1,740 (+3.1%)
$31,930 + $23,695
$55,625
2020
$1,688 (+2.6%)
$30,947 + $23,065
$54,012
2019
$1,644 (+1.8%)
$29,474 + $22,587
$52,061
2018
$1,616 (+0.7%)
$29,474 + $21,249
$50,723
2017
$1,604 (+0.7%)
$29,474 + $20,359
$49,833
2016
$1,593 (+0.3%)
$29,474 + $19,997
$49,471
2015
$1,588 (+2.1%)
$29,474 + $19,934
$49,408
2014
$1,555
$29,474 + $19,539
$49,013
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
2.01 Acres
Year renovated
1958
Sq. Ft.
1,900
Year built
1940
Style
Single Family Residential
County
Washoe County
APN
017-400-35
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 22, 2026.
LDS
AN
Low Density Suburban
The Low Density Suburban (LDS) Regulatory Zone is intended to create and preserve areas where single-family, detached homes on 1 acre lots are predominant. Small neighborhood commercial uses may be permitted when they serve the needs of residents and are compatible with the residential character of the area. The maximum number of dwelling units that may be located in this regulatory zone is 1 unit per 1 acre. The minimum lot area in this regulatory zone is 35,000 sq ft.
Zone overlays
Airport Noise Exposure Overlay District
Oct 28, 2016 • Final
Historical
Work on a garage.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
# of Garage Spaces: 3
Parking Total: 3
Parking Features: Detached, Garage, Garage Door Opener, RV Access/Parking, Additional Parking, Garage Door Opener Controls
Carport YN: No
Has Garage
Garage Features: Keypad Entry, Attic Access, Man Door
Interior
Virtual Tour Information
Bathroom Information
# of Bathrooms (Full): 2
Interior Features
Ceiling Fan(s), Breakfast Bar, Walk-In Closet(s), Entrance Foyer