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$995,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 1 day ago
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Tucked beside a private lake on a quiet West Reno road, this rare property offers two separate homes on a spacious 0.59-acre lot. Enjoy peaceful surroundings, open space, and the charm of having your own retreat just minutes from town. Whether you're looking for a primary residence with additional income, multi-generational living, or an investment, this property delivers flexibility and a setting that's hard to replicate. Conveniently located with easy freeway access and just 30 minutes to Lake Tahoe and world-class ski resorts. One home is currently vacant, offering immediate move-in or rental opportunity, while the other provides in-place income. Remodeled 2 bed / 1 bath and 3 bed / 2 bath homes with separate parking, shared well and septic, and tenants paying all utilities.

Full Property Details for 700 Twin Lakes Dr

General

  • Price: $995,000
  • Taxes: $1,642
  • Status: Active
  • Type: Multi-Family
  • Source: 2502
  • MLS ID: 260005344
  • Updated: 5/1/2026
  • Added to Site: 1 day(s) ago

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning
  • Appliances: Electric Range
  • Flooring: Carpet, Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: In Unit, Washer Hookup

Additional Information

  • Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior

  • Exterior Features: None

Parking

  • Attached garage: Yes
  • Parking Features: Attached, Garage, RV Access/Parking, Varies by Unit

Location

  • County: Washoe
  • Cross Streets: W 4th St / Twin Lakes

School Information

  • Elementary School: Warner
  • Middle School: Clayton
  • High School: Reno

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Varies By Unit
  • Heating Type: Forced Air, Wall Furnace

Utilities

  • Sewer: Septic Tank
  • Water: Shared Well
  • Well: Yes
  • Utility Description: Electricity Connected
  • # Electric Meters: 2

Structural Information

  • Exterior Const.: Wood Siding
  • Roof: Composition, Pitched, Shingle
  • Windows: Double Pane Windows, Metal Frames, Vinyl Frames
  • Stories/Levels: 1
  • Building Size: 1952
  • Year Built: 1963

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.59
  • Lot Size (Sq. Ft.): 26,015
  • Lot Features: Adjoins Lake, Landscaped, Level
  • Zoning: MF14
  • Fencing (Description): Front Yard, Partial

Financial Considerations

  • Price Per Sq. Ft.: $509.73
  • Tax Amount: $1,642.42
  • Terms: 1031 Exchange, Cash, Conventional, FHA, VA Loan
  • Owner Pays: None
  • Tenant Pays: All Utilities

Disclosures and Reports

  • APN: 400-161-06

Listed by RE/MAX Professionals-Reno, Miranda Vaulet (775) 224-3979 and RE/MAX Professionals-Reno, Brent Vaulet (775) 527-0031

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Listing agents

— 700 Twin Lakes Dr —

  • Miranda Vaulet

    RE/MAX Professionals-Reno

  • Brent Vaulet

    RE/MAX Professionals-Reno

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 700 Twin Lakes Dr

School District:Washoe County School District
NameGradesDistance
Grace Warner Elementary School
3075 Heights Drive, Reno, NV 89503
K-50.8 mi
Archie Clayton Middle School
1295 Wyoming Avenue, Reno, NV 89503
6-81.5 mi
Reno High School
395 Booth Street, Reno, NV 89509
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 700 Twin Lakes Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/01/2026
Listed
$995,000
743.93%
MLS
3/11/2014
Sold
$117,901
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 700 Twin Lakes Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,642
8%
$76,249
—
2024
$1,523
3%
$75,938
4%
2023
$1,479
3%
$73,355
25%
2022
$1,436
3%
$58,800
13%
2021
$1,394
—
$52,096
4%
2021
$1,394
6%
$50,310
9%
2019
$1,313
3%
$46,307
18%
2018
$1,271
3%
$39,311
1%
2017
$1,237
3%
$38,763
—
2016
$1,200
—
$38,602
19%
2015
$1,198
3%
$32,519
3%
2014
$1,161
—
$31,440
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 700 Twin Lakes Dr

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NMLS#: 1598647

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Listed by RE/MAX Professionals-Reno, Miranda Vaulet (775) 224-3979 and RE/MAX Professionals-Reno, Brent Vaulet (775) 527-0031

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700 Twin Lakes Drive, Reno, NV 89523 (MLS# 260005344) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 700 Twin Lakes Drive is currently listed for $995,000 and was received on May 01, 2026. Want to learn more about 700 Twin Lakes Drive? Do you have questions about finding other Multi-Family real estate for sale in Reno Heights? You can browse all Reno Heights real estate or contact a Coldwell Banker agent to request more information.

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