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  • $625,000

    280 Island Ave APT 1601, Reno, NV 89501

    2beds
    1,544sqft
    Condominium
    Built in 1961
    -- sqft lot
    $613,900 Zestimate®
    $405/sqft
    $2,369 Estimated rent

    Home value

    $613,900

    $565,000 - $663,000

    $2,369/mo

    Zestimate® history
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    $4,707/mo

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    What's special

    Welcome to Park Towers, and this exquisite 16th floor luxury condo nestled in the heart of downtown Reno. Situated along the Truckee River and directly across from Wingfield Park, this upscale, remodeled residence offers a truly exceptional living experience and the option to rent it out through AIRBNB! With two private balconies, it provides stunning panoramic sunsets & vistas that offer unparalleled perspective of the area's natural beauty & vibrant city life., Also provides you with a front row seat to concerts in the park. The owner has successfully placed this luxury 2 bedroom, 2 full bathroom condo on a rental program with Airbnb, consistently earning excellent reviews. Whether you're looking for an investment property or a residence to call your own, this condo presents an opportunity to indulge in the best of both worlds. Walking distance to many restaurants and downtown events. HOA covers hot and cold water, sewer, trash, heating & cooling, exterior maintenance. No natural gas in building. Park Towers has a conference room, library and party deck for your use. Underground parking spaces not included. You can sign up on a waiting list, to obtain a space for a fee. To see Airbnb reviews go to: Park Tower: Downtown Reno Penthouse on the River. Condo sold fully furnished to easily continue the booked reservations. (Game table and chairs NOT included in the furnishings.)

    Zillow last checked: 8 hours ago

    Listing updated: May 14, 2025 at 04:15am

    Listed by:

    Trish Thiele S.55752 775-846-0906,

    Chase International-Damonte

    Bought with:

    Shauna Ganes, S.78638

    Chase International-Damonte

    Source: NNRMLS,MLS#: 240003994MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air, Refrigerated
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
    • Laundry: In Kitchen, Laundry Area
    Features
    • Breakfast Bar, Elevator
    • Flooring: Carpet, Ceramic Tile
    • Windows: Blinds, Double Pane Windows
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,544
    • Total interior livable area: 1,544 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 1
    • Patio & porch: Deck
    • Exterior features: None
    • Fencing: None
    • Has view: Yes
    • View description: City, Mountain(s), Park/Greenbelt, Trees/Woods
    Lot
    • Features: Corner Lot, Level
    Details
    • Parcel number: 01147601
    • Zoning: Mdrd

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Brick, Stucco
    • Foundation: Slab
    • Roof: Flat
    Condition
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Cellular Coverage

    Community & neighborhood

    Security
    • Security features: Keyless Entry, Smoke Detector(s)
    Location
    • Region: Reno
    • Subdivision: Park Towers

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $1,204 monthly
    • Amenities included: Gated, Maintenance Grounds, Maintenance Structure, Management
    • Services included: Insurance, Utilities

    Other

    Other facts
    • Listing terms: 1031 Exchange,Cash,Conventional

    Price history

    DateEventPrice
    6/12/2024Sold$625,000-6%$405/sqft
    Source: NNRMLS #240003994 Report a problem
    5/11/2024Pending sale$665,000$431/sqft
    Source: NNRMLS #240003994 Report a problem
    4/14/2024Listed for sale$665,000$431/sqft
    Source: NNRMLS #240003994 Report a problem
    4/12/2024Listing removed--
    Source: NNRMLS #230007043 Report a problem
    2/11/2024Price change$665,000-4.3%$431/sqft
    Source: NNRMLS #230007043 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,929 +6.3%$89,146 +1%
    2024$1,814 +11.1%$88,230 +5.4%
    2023$1,633 +10.5%$83,717 +26.7%

    Find assessor info on the county website

    Neighborhood: Riverwalk

    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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    Estimated market value$613,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $613,900