Looking for another great investment to add to your portfolio?? Enjoy the convenience of downtown living in this beautifully remodeled luxury 1 bedroom condo located in Park Towers, the only STR-approved building on the riverwalk, a solid rental history with Airbnb, makes this a perfect investment. With stunning views of the Truckee River, downtown Reno, tons of bright light and stunning sunsets, this unit will not disappoint., Upgraded European cabinetry, quartz countertops, marble bathroom tile, remote control locks and automatic shades. HOA fee covers water, sewer, garbage, and HVAC. This unit is a functional short-term rental with current bookings that will transfer with the sale. Furnishings are negotiable. Walking distance to all the amenities of Midtown, Reno River Walk, Greater Nevada Field, Art Towne, Nevada Museum of Art, and a ton of extraordinary entertainment and dining options.
Closed
$415,000
280 Island Ave APT 705, Reno, NV 89501
1beds
965sqft
Condominium
Built in 1961
-- sqft lot
$388,800 Zestimate®
$430/sqft
$1,421 Estimated rent
Home value
$388,800
$365,000 - $412,000
$1,421/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 13, 2025 at 11:38pm
Listed by:
Tiffany Ahrens BS.143426 775-848-0574,
Chase International-Sparks
Bought with:
Richard Berman, S.181980
Dickson Realty - Caughlin
Source: NNRMLS,MLS#: 230006200
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Cooling
- Central Air, Refrigerated
Appliances
- Included: Disposal, Electric Oven, Electric Range, Microwave, Portable Dishwasher, Refrigerator
- Laundry: Common Area, Laundry Area
Features
- Smart Thermostat, Walk-In Closet(s)
- Flooring: Laminate
- Windows: Blinds, Double Pane Windows, Drapes, Metal Frames, Rods
- Has fireplace: No
Interior area
- Total structure area: 965
- Total interior livable area: 965 sqft
Property
Parking
- Parking features: None
Features
- Stories: 4
- Patio & porch: Deck
- Exterior features: None
- Fencing: None
- Has view: Yes
- View description: City, Mountain(s)
Lot
- Features: Corner Lot, Level
Details
- Parcel number: 01147313
- Zoning: MD-RD
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick, Stucco
- Foundation: Crawl Space
- Roof: Flat
Condition
- 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
Community & neighborhood
Security
- Security features: Security Fence, Smoke Detector(s)
Location
- Region: Reno
- Subdivision: Park Towers
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $531 monthly
- Amenities included: Maintenance Structure
- Services included: Insurance, Utilities
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2023 | Sold | $415,000-2.4%$430/sqft |
Source:  NNRMLS #230006200 Report a problem | ||
| 6/19/2023 | Pending sale | $425,000$440/sqft |
Source: NNRMLS #230006200 Report a problem | ||
| 6/10/2023 | Listed for sale | $425,000+45.5%$440/sqft |
Source: NNRMLS #230006200 Report a problem | ||
| 1/10/2020 | Sold | $292,000$303/sqft |
Source:  NNRMLS #190017810 Report a problem | ||
| 12/6/2019 | Listed for sale | $292,000+42.4%$303/sqft |
Source: Coldwell Banker Select Reno #190017810 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,308 +8% | $56,192 +0.5% |
| 2024 | $1,212 +9.9% | $55,909 +14.7% |
| 2023 | $1,103 +7.9% | $48,755 +21.7% |
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
$388,800