Penthouse Living on the Truckee River at Park Towers Experience one of Reno's most sought-after addresses with this spacious 2-bedroom, 2-bath penthouse residence perched directly above the Downtown Riverwalk. This rare offering combines unmatched convenience with some of the most breathtaking views in the city - panoramic vistas of the Truckee River, the skyline, and the surrounding mountains, visible from nearly every room. The open layout is filled with natural light thanks to floor-to-ceiling windows and sliding doors that frame the views and create an easy flow between living, dining, and entertaining areas. Two oversized balconies are connected directly to the living and dining spaces - perfect for enjoying morning coffee, hosting friends, or simply relaxing while watching the river below and the city lights at night. Both bedrooms are generously sized, each featuring its own walk-in closet. The unit has been well cared for and updated, offering a comfortable balance of modern touches and timeless design. Despite being in the heart of the city, the home is exceptionally quiet, creating a private retreat above it all. The location is unbeatable - just steps from restaurants, coffee shops, and entertainment venues, with Midtown Reno only minutes away. Daily needs are also at your fingertips with groceries and shopping nearby. Whether you prefer walking, biking, or scootering, this residence makes it effortless to enjoy the best of Downtown and Midtown living. If you've been waiting for a riverfront penthouse that combines space, convenience, and unforgettable views, this is one of Reno's finest opportunities.
Active
$649,000
280 Island Ave APT 1602, Reno, NV 89501
2beds
1,651sqft
Est.:
Condominium
Built in 1961
-- sqft lot
$630,800 Zestimate®
$393/sqft
$1,288/mo HOA
What's special
Modern touchesPenthouse residenceTimeless designRiverfront penthousePrivate retreatBreathtaking viewsUnforgettable views
- 86 days |
- 570 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: October 08, 2025 at 02:28pm
Listed by:
Cameron Argon S.197974 775-315-4150,
Cal Neva Realty
Source: NNRMLS,MLS#: 250056804
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Fireplace(s), Hot Water
Cooling
- Central Air
Appliances
- Included: Disposal, Dryer, Electric Oven, Microwave, Refrigerator, Washer
- Laundry: In Kitchen, Laundry Area
Features
- Elevator, Entrance Foyer, Pantry, Master Downstairs, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile
- Windows: Double Pane Windows, Metal Frames
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,651
- Total interior livable area: 1,651 sqft
Property
Parking
- Parking features: Assigned, Attached, Under Building
- Has attached garage: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Deck
- Exterior features: None
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City, Mountain(s), Park/Greenbelt, Peek, Ski Resort, Trees/Woods, Valley
- Body of water: Truckee River
Lot
- Size: 1,742.4 Square Feet
- Features: Greenbelt, Level
Details
- Additional structures: None
- Parcel number: 01147602
- Zoning: MD-RD
- Other equipment: Intercom
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Asbestos, Brick, Stucco
- Foundation: Brick/Mortar
- Roof: Composition,Flat,Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Security: Security Fence, Smoke Detector(s)
- Subdivision: Park Towers
HOA
- Has HOA: Yes
- Amenities included: Gated, Maintenance Grounds, Maintenance Structure, Management
- Services included: Gas, Insurance, Sewer, Snow Removal, Trash, Utilities, Water
- HOA fee: $1,288 monthly
- HOA name: PTHA First Service
Location
- Region: Reno
Financial & listing details
- Price per square foot: $393/sqft
- Tax assessed value: $264,291
- Annual tax amount: $1,829
- Date on market: 10/8/2025
- Cumulative days on market: 110 days
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Estimated market value
$630,800
$599,000 - $662,000
$2,814/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2025 | Listed for sale | $649,000+1.4%$393/sqft |
Source:  NNRMLS #250056804 Report a problem | ||
| 9/8/2025 | Listing removed | $4,125$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2025 | Price change | $4,125-1.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/14/2025 | Listed for rent | $4,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/7/2025 | Listing removed | $4,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,829 +6.2% | $92,502 +1% |
| 2024 | $1,722 +11.3% | $91,590 +5.6% |
| 2023 | $1,547 +10.5% | $86,769 +26.5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,845/mo
Principal & interest
$3092
HOA Fees
$1288
Other costs
$465
Climate risks
Neighborhood: Riverwalk
Nearby schools
GreatSchools rating
- 9/10Mount Rose Elementary SchoolGrades: PK-8Distance: 0.6 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.8 mi
- 7/10Darrell 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.
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