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Active
    • $219,900

    280 Island Ave APT 1002, Reno, NV 89501

    1beds
    751sqft
    : 
    Condominium
    Built in 1961
    -- sqft lot
    $-- Zestimate®
    $293/sqft
    $676/mo HOA

    What's special

    Sweeping west-facing viewsOne-bedroom two-bathroom unit
    Welcome to Park Tower, centrally located in downtown Reno, where adventure meets opportunity. Park Tower stands as the only downtown high-rise that permits short-term rentals, and that distinction is exactly what sets this one-bedroom, two-bathroom unit apart. Located on the 10th floor with sweeping west-facing views, this unit looks out over the cascading waters of the Truckee River, Wingfield Park, and the Sierra Nevada range. Watch kayakers and fly fishers work the river below and step into the Riverwalk District where Reno's best dining, coffee shops, and nightlife are right there. Mount Rose and Lake Tahoe are a short drive for skiers, snowboarders, and outdoor winter enthusiasts of all kinds. The unit has been configured into two separately accessed rentable spaces, each with its own locked entrance and an established booking history. It is offered as a turnkey income-producing asset. The building also features a shared rooftop deck with views that speak for themselves. Whether you are targeting a 1031 exchange, adding to an existing portfolio, or simply looking for an income-producing asset, this is a rare setup in a market where short-term rental permits in the downtown condo market have become nearly impossible to find.
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    Zillow last checked: 7 hours ago

    Listing updated: March 22, 2026 at 12:55pm

    Listed by:

    James Von Dorsten S.200323 775-691-1424,

    RE/MAX Gold-Midtown

    Source: NNRMLS,MLS#: 260003287MLS Logo

    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: 3 days
      • Listing terms: 1031 Exchange,Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/22/2026Listed for sale$219,900-29.1%$293/sqft
        Source: NNRMLS #260003287 Report a problem
        9/10/2025Listing removed$310,000$413/sqft
        Source: NNRMLS #250003552 Report a problem
        8/14/2025Price change$310,000-1.6%$413/sqft
        Source: NNRMLS #250003552 Report a problem
        6/19/2025Price change$315,000-3.1%$419/sqft
        Source: NNRMLS #250003552 Report a problem
        5/8/2025Price change$325,000-3%$433/sqft
        Source: NNRMLS #250003552 Report a problem
        3/21/2025Listed for sale$335,000+3.1%$446/sqft
        Source: NNRMLS #250003552 Report a problem
        2/16/2024Sold$325,000-4.4%$433/sqft
        Source: NNRMLS #230012832 Report a problem
        1/19/2024Pending sale$340,000$453/sqft
        Source: NNRMLS #230012832 Report a problem
        11/4/2023Listed for sale$340,000+172%$453/sqft
        Source: NNRMLS #230012832 Report a problem
        7/18/2009Listing removed$125,000-28.3%$166/sqft
        Source: Melanie Kennemann #80014100 Report a problem
        11/7/2008Sold$174,375+39.5%$232/sqft
        Source: Public Record Report a problem
        9/16/2008Listed for sale$125,000-50%$166/sqft
        Source: Melanie Kennemann #80014100 Report a problem
        6/17/2005Sold$250,000+112.8%$333/sqft
        Source: Public Record Report a problem
        2/13/2003Sold$117,500$156/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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

        BuyAbility℠ payment

        Est. payment
        $1,891/mo
        Principal & interest
        $1134
        HOA Fees
        $676
        Property taxes
        $81
        More affordability tools

          Climate risks

          Neighborhood: Riverwalk

          Getting around

          98 / 100
          Walker's Paradise
          59 / 100
          Good Transit
          82 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          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.

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