Investor Alert: Penthouse Living in the Heart of Downtown Reno. Welcome to a rare opportunity to own a top floor penthouse suite in the iconic Park Towers at 280 Island Ave Suite 1802. This charming 1 bedroom, 1 bath luxury unit offers 454 sq ft of thoughtfully designed space that exemplifies the breathtaking views os South Reno and Mt. Rose. Watch the sunrise and enjoy the blue skies as well as the storms over the Sierras. This unit needs a lot of work and is priced for a very unique investment that, will also accomodate airbnb opportunities.
Closed
$185,000
280 Island Ave APT 1802, Reno, NV 89501
1beds
454sqft
Condominium
Built in 1961
-- sqft lot
$186,100 Zestimate®
$407/sqft
$1,200 Estimated rent
Home value
$186,100
$169,000 - $205,000
$1,200/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 01, 2025 at 10:32pm
Listed by:
Tim O'Brien S.176937 775-233-0160,
Dickson Realty - Downtown
Bought with:
John McGraw, S.202967
eXp Realty
Source: NNRMLS,MLS#: 250005781
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric, Forced Air
Cooling
- Central Air, Electric, Refrigerated
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Oven, Refrigerator
- Laundry: None
Features
- Elevator, Smart Thermostat
- Flooring: Ceramic Tile, Laminate
- Windows: Blinds, Double Pane Windows, Drapes, Metal Frames, Rods
- Has fireplace: No
Interior area
- Total structure area: 454
- Total interior livable area: 454 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Attached, Common, Garage, Garage Door Opener
- Attached garage spaces: 1
Features
- Stories: 4
- Patio & porch: Patio
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: City, Desert, Golf Course, Mountain(s), Park/Greenbelt, Peek, Ski Resort, Trees/Woods, Valley
Lot
- Size: 435.60 sqft
- Features: Landscaped, Level, Open Lot
Details
- Parcel number: 01147610
- Zoning: MD-RD
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Brick/Mortar, Pillar/Post/Pier
- 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, Natural Gas Available, Phone Available, Sewer Available, Water Available, Cellular Coverage, Water Meter Installed
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Park Towers
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $377 monthly
- Amenities included: Gated, Landscaping, Maintenance Grounds, Maintenance Structure, Management, Parking, Security
- Services included: Insurance, Utilities
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $185,000+2.8%$407/sqft |
Source:  NNRMLS #250005781 Report a problem | ||
| 5/15/2025 | Contingent | $180,000$396/sqft |
Source: NNRMLS #250005781 Report a problem | ||
| 5/7/2025 | Pending sale | $180,000$396/sqft |
Source: NNRMLS #250005781 Report a problem | ||
| 5/2/2025 | Listed for sale | $180,000+50%$396/sqft |
Source: NNRMLS #250005781 Report a problem | ||
| 6/23/2004 | Sold | $120,000$264/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $713 +5.7% | $30,804 +0.5% |
| 2024 | $675 +12.4% | $30,637 +2.4% |
| 2023 | $600 +9.1% | $29,908 +40% |
Find assessor info on the county website
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.
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Estimated market value
$186,100