205 Palace Dr, Reno, NV 89506
OFF MARKET

$393,100

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 1,452 sqft

205 Palace Dr, Reno, NV 89506

Lemmon Valley
Est. Refi. Payment $2,265/mo*
Refinance Your Home
Currently Off Market - Sold Sep 5, 2017 for $220,000

Home Value

Trulia Estimate
$393K
Since last month
Decreased$700 (-0.2%)
Since last year
Increased$12K (+3.1%)
Since last sale
Increased$173K (+78.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +88% in the last 10 years
MonthEstimated value
2026
August 2026$393K
August 2026$393K
July 2026$394K
June 2026$403K
May 2026$395K
April 2026$388K
March 2026$380K
February 2026$376K
January 2026$375K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
365 Palace Dr, Reno, NV
0.24
Single-Family Home
$389,000
09/26/25
3
1.5
1,008
9365 Gremlin Way, Reno, NV
0.24
Single-Family Home
$435,000
10/03/25
4
2
1,452
560 Kess Way, Reno, NV
0.39
Single-Family Home
$435,000
11/07/25
4
1.5
1,788
700 Kess Way, Reno, NV
0.47
Single-Family Home
$459,999
03/13/26
3
2
1,469
570 E Patrician Dr, Reno, NV
0.48
Single-Family Home
$455,000
10/15/25
3
2
1,933
580 E Patrician Dr, Reno, NV
0.50
Single-Family Home
$480,000
12/23/25
3
2
1,758
580 E Patrician Dr #2, Reno, NV
0.52
Single-Family Home
$480,000
12/23/25
3
2
1,765
590 E Patrician Dr, Reno, NV
0.51
Single-Family Home
$499,990
09/30/25
3
2
1,933
9355 Fremont Way, Reno, NV
0.28
Single-Family Home
$425,000
04/20/26
3
1
1,296
610 E Patrician Dr, Reno, NV
0.53
Single-Family Home
$497,467
10/06/25
3
2
1,758

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
225 Palace Dr, Reno, NV 89506
0.03
$425,000
4
1.5
1,144
For Sale
215 Palace Dr, Reno, NV 89506
0.02
$372,900
3
2
1,008
Off Market
245 Palace Dr, Reno, NV 89506
0.06
$485,600
4
1.5
1,807
Off Market
265 Palace Dr, Reno, NV 89506
0.09
$452,100
4
2
1,144
Off Market
260 Palace Dr, Reno, NV 89506
0.10
$372,900
3
2
1,296
Off Market
9525 Fremont Way, Reno, NV 89506
0.09
$468,200
4
2
1,768
Off Market
9495 Fremont Way, Reno, NV 89506
0.11
$485,800
4
2.5
1,664
Off Market
295 Palace Dr, Reno, NV 89506
0.13
$395,700
3
1.5
1,296
Off Market
9415 Gremlin Way, Reno, NV 89506
0.15
$454,500
4
2.5
1,408
Off Market
305 Palace Dr, Reno, NV 89506
0.15
$471,000
4
2.5
1,561
Off Market
315 Palace Dr, Reno, NV 89506
0.17
$425,500
4
1.5
1,144
Off Market
9405 Fremont Way, Reno, NV 89506
0.21
$366,700
4
1.5
1,144
Off Market

Local Information

  • Map ViewExplore the area around 205 Palace Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1971
1,452 sqft
$271/sqft
Garage

About this House

Cozy 4 bedroom with plenty of living space. 1.5 bathrooms. Long driveway has plenty of space for RV or boat parking. Large open backyard. Pets Welcome! Lockable dog door built into back door. Washer/Dryer in unit.

$1575 /mo -
$1300 deposit -
$500 pet deposit -
$50 application fee -
No smoking indoors.
Lessor pays trash/sewer/pest.
Tenant pays water/power.
Tenant responsible for keeping yard clear.

Text Chris at the number listed to get Zoom meeting invite.
Showing house via Zoom:
Sat 6/20 830am
205 Palace Dr, Reno, NV 89506 is a 4 bedroom, 2 bathroom, 1,452 sqft single-family home in Lemmon Valley, built in 1971. It last sold for $220,000 on Sep 5, 2017. More recently, it was listed as a rental in June 2020 with an asking price of $1,575 per month. That rental listing was removed on January 20, 2021. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $393,100, with a rent estimate of $2,507/month.

Home Details for 205 Palace Dr

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: EvaporativeHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Laminate
Interior Details
Types of Rooms: Dining Room
Appliances & Utilities
DryerWasher

Exterior Features

Exterior Home Features
Roof: CompositionExterior: Wood
Parking & Garage
GarageParking: Off Street, Garage

Property Information

Year Built
Year Built: 1971Year Updated: 1971
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 9583 sqft

Price and Tax history

DateEventPrice
Jan 20, 2021
Source: N/A
ListingRemoved
Jun 18, 2020
Source: N/A
ListingRemoved
$1,575
Jun 15, 2020
Source: N/A
Listed For Rent
$1,575
Mar 6, 2020
Source: N/A
ListingRemoved
$1,575
Feb 29, 2020
Source: N/A
Listed For Rent
$1,575

Market trends in Reno

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$589K
$20.17KMoM
Sale-to-List Price
99.8%
0.1%MoM
Price per sq ft
$335
$4MoM
Available listings
1083
23MoM

Around this home

Neighborhood Overview

Lemmon Valley
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lemmon Valley

At least 16 Trulia users voted on each feature.

  • 95 % Say parking is easy

  • 88 % Say car is needed

  • 74 % Say it's dog friendly

  • 72 % Say yards are well-kept

  • 67 % Say there's holiday spirit

  • 67 % Say there's wildlife

  • 58 % Say people would walk alone at night

  • 56 % Say neighbors are friendly

  • 53 % Say kids play outside

  • 52 % Say it's quiet

  • 42 % Say they plan to stay for at least 5 years

  • 36 % Say there are sidewalks

  • 31 % Say it's walkable to restaurants

  • 24 % Say streets are well-lit

  • 11 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Malama A.
    "I’m not really sure. I don’t own pets so I’m not sure what dog owners like or dislike about this neighborhood. However I do see dogs being walked on a daily in this neighborhood so I’m assuming it’s not so bad? Only when it snows they don’t walk their pets but other than that, I think it’s a ok place to walk dogs since I see others doing it!! "
    2
    Flag
  • Tonisclan
    "It’s pretty quiet in my neighborhood. So far. I only been here a month and a half but so far so good. "
    0
    Flag
  • Remingtoncole1
    "Rural community, please help us keep it that way! Stop Prado from over developing and creating more flooding."
    0
    Flag
  • Kim C.
    "Very safe community, quit neighborhood, many friendly people live here. Beautiful horse property around, lots of places to hike and ride horses and ATVs"
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 205 Palace Dr

  • What is 205 Palace Dr estimated to be worth?
    Trulia's estimated value for 205 Palace Dr in Reno, NV is $393,100.
  • What is the price history for 205 Palace Dr?
    205 Palace Dr in Reno, NV last sold for $220,000 in September 2017.
  • Is Reno a buyer's or seller's market?
    Reno is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Reno?
    The median sale price in Reno is $589K. That is up $20.17K from the prior month.
  • Does 205 Palace Dr have air conditioning?
    Yes, 205 Palace Dr in Reno, NV has air conditioning.
  • Does 205 Palace Dr have laundry facilities?
    Yes, 205 Palace Dr in Reno, NV has in-unit laundry.

Explore by feature - Pet Friendly

285 pet-friendly rentals in Reno, NV

Explore by feature - Garage

179 rentals with a garage in Reno, NV

Explore by feature - Air Conditioning

306 rentals with air conditioning in Reno, NV

Explore by feature - Pool

176 rentals with a pool in Reno, NV

Explore by feature - Washer/dryer

351 rentals with a washer/dryer in Reno, NV

Explore by feature - Outdoor Space

109 rentals with an outdoor space in Reno, NV

Apartments for Rent

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Off Market Homes Near 205 Palace Dr

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