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27922041
27922043

1929 US-395, Gardnerville, NV 89410 For Sale

AW
NV S.190038
RE/MAX Professionals
Listed by RE/MAX Professionals
$2,400,000
262 days on market
Updated 39 days ago

The Retreat at Topaz Lake

Details
APN 102229301003
Property Type Hospitality, Mixed Use (+2)
Sub Type Apartment Building, Hotel
Square Footage 8,699
Net Rentable (SqFt) 8,699
Units 5
Cap Rate 7%
NOI $168,000
Price per SqFt $276
Year Renovated 2025
Acreage 1.230
Zoning General Comm

A rare 8,150 sq.ft. standalone property overlooking Topaz Lake, offering sweeping water and mountain

Marketing description

Welcome to the Topaz Lake Retreat — a rare 8,150 sq.ft. standalone destination property overlooking Topaz Lake with panoramic water and mountain views. Situated on 1.23 acres with over 450 feet of Highway 395 frontage, this highly visible, income-producing opportunity sits just north of the Nevada/California border, offering the perfect blend of tax advantages, tourism traffic, and long-term upside. Originally built in 1969 and rebuilt/expanded in 1989 (per the Douglas County Assessor), the property has been thoughtfully improved and is currently operating as a short-term rental. With 11 spacious bedrooms, 6 bathrooms, 4 full kitchens plus a kitchenette, this retreat is ideal for use as a corporate lodge, wellness retreat, boutique hospitality concept, or high-end vacation rental compound. The property also offers 32 dedicated parking spaces, comprised of RV, boat, and standard vehicle parking, making it a rare find for lake visitors, large groups, or event-style hosting. Additionally, there is gated long-term RV storage, creating further passive income potential. Shared potable water, wastewater disposal, and fire protection systems with the adjacent Best Western provide streamlined utility support. With unmatched exposure along Nevada's most traveled highway and unobstructed views of Topaz Lake, this is a one-of-a-kind investment opportunity with multiple revenue pathways — hospitality, retreat rental, corporate leasing, event hosting, or continued STR operations.

Listing Contacts

AW
NV S.190038
RE/MAX Professionals
Listed by RE/MAX Professionals

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Aaron Wood
License
S.190038
Brokerage
Re/Max Professionals
Brokerage Phone
7759007318
Title
Real Estate Brokerage
Brokerage Address
7900 Rancharrah Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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