Downtown Professionals
- Walk-everywhere Riverwalk District at the door
- Infinity pool and secured parking on-site
- Entry one-bedrooms from $420K
- Nevada zero income tax on earnings

Nevada Real Estate Group — your Palladio specialists. Search luxury condos for sale in downtown Reno's premier riverfront high-rise: $420K-$750K+, floor-to-ceiling Truckee River views, an infinity pool and spa, secured parking, and Nevada's zero state income tax.
MEDIAN LIST PRICE (ZIP 89501)
$595K
LVR / GLVAR via Repliers, as of September 18, 2026
DAYS ON MARKET
49
LVR / GLVAR via Repliers, as of September 18, 2026
BUILDING TYPE
Riverfront Luxury Condos
community-data-north.json
TO TRUCKEE RIVER
At the doorstep
Riverwalk District
Property research
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Confirm current school assignments, association documents, parcel taxes, and insurance with the applicable sources.
Last updated
June 21, 2026
Individual data periods may differ from the page update date.
KEY TAKEAWAYS
The Palladio is downtown Reno's luxury riverfront condominium tower in ZIP 89501, with units priced from $420K to $750K+ and a median list price near $594,500 per Reno/Sparks Association of REALTORS and NNRMLS data. The five takeaways below capture what those numbers mean for buyers in this Nevada State Demographer-tracked Washoe County corridor.
Last updated September 2026 · Sources: RSAR, U.S. Census, Nevada State Demographer
The Palladio carries a limited number of active listings in ZIP 89501 — luxury riverfront condos priced $420K to $750K+ per NNRMLS data. According to Reno/Sparks Association of REALTORS, downtown Reno luxury condo inventory is tight in a single-building tower; riverfront units change hands at a measured pace. Listings below refresh daily from live NNRMLS data.
PRICE DISTRIBUTION
The ZIP 89501 median list price for The Palladio condos sits near $595K per Reno/Sparks Association of REALTORS September 2026 NNRMLS data. Active inventory concentrates in the $420K-$650K range, with a smaller upper tier above $650K for larger three-bedroom and upper-floor river-view units. Each card shows current listing counts for The Palladio and the surrounding downtown Reno ZIP 89501.
The Palladio listings are filtered within ZIP 89501 — typically a handful of active condos in the building at any time, alongside the broader downtown Reno luxury condo market. Each link opens our live NNRMLS search pre-filtered to that slice, with counts updated daily from Reno/Sparks Association of REALTORS and NNRMLS data.
Tap a building or district to see its dedicated page — current listings, price ranges, school district details, and what daily life looks like inside each downtown Reno neighborhood.
Updated daily · 1,586 active listings · MLS data
STAY AHEAD OF THE MARKET
Custom alerts by price, beds, baths, and floor — no spam, unsubscribe anytime. With Palladio condos turning over at a measured 40-day median pace per Reno/Sparks Association of REALTORS, buyers who see new listings within hours hold a real edge over buyers who check portals weekly — especially in the $420K-$595K entry band where competition is broadest.
Before choosing a home, request address-specific school assignments for the intended school year from the district. Confirm grade levels, program eligibility, enrollment requirements and any boundary changes. Use the exact property address, including any unit number, and ask the district to confirm the assignment before making a purchase decision.
Check Washoe school zoning · View Nevada Report Card
Compare each school’s programs and published results for the same reporting year. Proximity to a school does not guarantee admission; contact charter, magnet and private schools about their application and enrollment requirements.
CRIME DATA
Review reports from the law-enforcement agency serving the address. Check the reporting period, area covered, offense definitions and completeness before comparing locations. When requesting local information, provide the property address and ask which agency and geographic boundary each report represents, along with any known reporting gaps.
The FBI publishes crime and law-enforcement statistics through its Crime Data Explorer. Its guidance cautions against using crime totals alone to rank communities: reporting practices and local conditions affect comparisons.
A citywide statistic does not establish conditions at a particular home. Ask the local agency about current reports for the area and gaps in the available data. Missing records do not mean zero crime, and a gated entrance does not establish a safety rating.
FBI crime data resources · FBI guidance on comparing communities
The Palladio delivers riverfront luxury condo living on the Truckee River: units from $420K to $750K+, floor-to-ceiling river views, an infinity pool, and Nevada's zero state income tax. Schools are served by the Washoe County School District — downtown and central Reno campuses including Reno High School.
The Palladio is known as downtown Reno's premier riverfront luxury condominium tower — a steel-and-glass building on the Truckee River Riverwalk with floor-to-ceiling windows, 9-foot ceilings, an infinity pool and spa, and secured parking. It is the luxury tier of the downtown Reno condo market, offering walk-everywhere access to the Riverwalk District restaurants, galleries, Wingfield Park, and downtown events at a price range above value high-rises but below single-family in-town estates.
The Palladio fits downtown professionals who want walk-everywhere urban living, lock-and-leave second-home buyers who want a low-maintenance Nevada base near Tahoe, California tax relocators seeking a downtown address for zero state income tax savings, remote workers who want Riverwalk lifestyle with airport access, and investors who can verify the building's rental-cap policy and City of Reno permit availability. The $420K-$750K+ range spans entry one-bedroom buyers to upper-floor river-view purchasers.
Daily life at The Palladio centers on the Truckee River and the downtown Reno core: morning coffee along the Riverwalk, an afternoon swim in the infinity pool, evenings at Riverwalk District restaurants and galleries, and weekend festivals at Wingfield Park steps away. The National Automobile Museum, the Wine Walk, and downtown events are all within a few blocks, and the University of Nevada, Reno and the airport are minutes away by car.
The Palladio sits directly on the Truckee River in the Riverwalk District of downtown Reno, Nevada (ZIP 89501). Approximately 5 minutes from Midtown Reno, 5 minutes from the University of Nevada, Reno, 10 minutes from Reno-Tahoe International Airport via I-580, and 50 minutes from Lake Tahoe (Incline Village) via NV-431.
Quick Answer
The Palladio is one of the strongest luxury-condo propositions in downtown Reno. Direct Truckee River frontage, an infinity pool, floor-to-ceiling river views, and walk-everywhere Riverwalk District access make it a scarce, hard-to-replicate asset. Nevada's zero state income tax adds an estimated $30,000-$80,000+ per year in savings for most high-income California relocators. The critical verification: confirm the building's HOA rental-cap policy and warrantability if rental income or financing is part of your plan.
Source: Nevada State Demographer
According to the U.S. Census Bureau, downtown Reno draws a high-income, well-educated mix of professionals, remote workers, empty-nesters, and California relocators who prioritize walkable urban living. The Palladio attracts buyers who want riverfront luxury, low-maintenance condo ownership, and a downtown address near UNR and the airport.
Home values at The Palladio have held firm as high-income California buyers discovered that a downtown Reno riverfront condo at the $420K-$750K tier compares favorably on a tax-adjusted basis to comparable California urban condos. The building skews toward owner-occupant professionals and lock-and-leave second-home owners — a profile consistent with downtown Reno's ongoing revitalization.
Source: U.S. Census Bureau ACS estimates & Nevada State Demographer · Updated
GROWTH & APPRECIATION
The Palladio and the broader downtown Reno condo market have appreciated steadily over the past decade, driven by California high-income tax migration, downtown revitalization, and sustained demand for walkable riverfront living at Nevada prices. The Nevada State Demographer projects continued Washoe County growth through 2030, supporting sustained demand for downtown Reno condo addresses.
The Palladio condos have appreciated with the broader downtown Reno market — driven by irreplaceable riverfront positioning, downtown revitalization, and sustained high-income California buyer demand for Nevada tax addresses. The luxury tier's $420K-$750K range remains accessible relative to comparable California urban condos, keeping buyer demand broad while single-building supply stays inherently constrained.
Sources: Nevada State Demographer and U.S. Census Bureau ACS. Median price figures from NNRMLS active listings; historical approximations. Last updated June 2026.
MARKET TRENDS · LAST 12 MONTHS
Median list price, days on market, and active inventory for ZIP 89501 — the downtown Reno ZIP covering The Palladio and the Riverwalk District — from Northern Nevada Regional MLS and Reno/Sparks Association of REALTORS data. Current median for The Palladio condo tier sits near $525,000, up approximately 4% year-over-year, with a median 40 days on market. Updated monthly.
Median List Price (ZIP 89501 Palladio tier)
+4% YoY (May 2025 → May 2026)
Source: Las Vegas REALTORS
Days on Market
35 → 40 days YoY — luxury condo tier moves at measured pace
vs September 2025
Source: Las Vegas REALTORS
Active Listings (The Palladio / ZIP 89501)
~10 at any time — supply constrained by single-building inventory
vs September 2025
Source: Las Vegas REALTORS
The long view: Reno's median sold price rose 116% between 2015 ($273,230) and 2026 ($591,265), across 53,785 recorded closings — Northern Nevada Regional MLS (NNRMLS) records via Repliers.
INVENTORY IS TIGHT
Market Competitiveness
The Palladio is a low-inventory, measured-pace luxury condo market. Typically a handful of active listings appear in the building at any time within ZIP 89501, and homes take a median 40 days on market per NNRMLS data. Well-priced units in the $420K-$595K entry range move faster as the buyer pool at that tier is broader.
The Palladio spans $420K entry one-bedrooms to $750K+ river-view three-bedrooms — the luxury tier of downtown Reno condos. Six buyer profiles below match lifestyles to specific Palladio options, followed by the honest pros and trade-offs our team walks every client through before they commit.
Ready to explore condos at The Palladio? Our team knows the building's HOA documents, reserve health, warrantability, and rental-cap rules — plus every comparable downtown Reno building.
Start Your Palladio SearchBuilding Comparison
A like-for-like comparison of the most-searched downtown Reno condo buildings — median price, days on market, HOA, and lifestyle fit — using active-listing data refreshed monthly via Reno/Sparks Association of REALTORS and NNRMLS. Prices span $300K for entry units at value buildings to $800K+ for luxury riverfront residences.
| Submarket | Median Price | $ / Sq Ft | Days on Market | Active Listings | Best For |
|---|---|---|---|---|---|
| The Palladio | $525,000 | ~$340+ | 40 | 10 | Riverfront Luxury · Infinity Pool · River Views |
| Riverwalk Towers | $550,000 | ~$360+ | 38 | 8 | River Views · Concierge · Secured Parking |
| The Montage | $420,000 | ~$310+ | 42 | 12 | Mid-Range · Walkable · Condos |
| Arlington Towers | $330,000 | ~$280+ | 45 | 10 | Value Entry · Established High-Rise |
| Downtown Reno (all) | $420,000 | ~$310+ | 40 | 40 | Full Downtown Inventory |
Source: Reno/Sparks Association of REALTORS and NNRMLS data, June 2026. Median prices based on active listings; days on market from closed sales.
Building Deep Dive
Submarket 1
Downtown Reno's luxury riverfront condominium tower on the Truckee River — floor-to-ceiling river views, an infinity pool and spa, secured parking, and walk-everywhere Riverwalk District access, with Nevada's zero state income tax.
Browse The Palladio homes →Submarket 2
A downtown Reno high-rise on the Truckee River offering some of the best river views in the market, building concierge, and instant Wingfield Park access — the closest competitor to The Palladio.
Browse Riverwalk Towers homes →Submarket 3
A large downtown Reno condo high-rise strong for mid-range buyers — a converted historic property with a wide range of unit sizes and a more accessible price point than The Palladio.
Browse The Montage homes →Submarket 4
An established downtown Reno high-rise that serves as the value entry point among the major buildings — older construction with HOA fees and parking that vary by floor and unit size.
Browse Arlington Towers homes →Submarket 5
The full downtown Reno condo and loft market across all buildings and the Riverwalk District — from $300K entry units to $800K+ luxury riverfront residences.
Browse Downtown Reno (all) homes →Submarket 6
The luxury riverfront address in downtown Reno — direct Truckee River frontage on the Riverwalk, an infinity pool and spa, floor-to-ceiling river views, and secured parking, with units from $420K to $750K+. Upper-floor units capture panoramic river and downtown skyline views. The only downtown Reno building pairing a resort-style infinity pool with direct riverfront positioning and a luxury condo product.
Browse The Palladio — The Downtown Reno Luxury Tier homes →The Palladio sits on the Truckee River in the Riverwalk District of downtown Reno, Nevada (ZIP 89501), approximately 1 minute from Wingfield Park, 5 minutes from Midtown Reno, 5 minutes from the University of Nevada, Reno, 10 minutes from Reno-Tahoe International Airport via I-580, and 50 minutes from Lake Tahoe via NV-431.
STILL DECIDING?
BY ZIP CODE
ZIP 89501 covers downtown Reno and the Riverwalk District, including The Palladio. The table below puts this ZIP in context against neighboring Reno and Lake Tahoe ZIPs — median price, price per square foot, days on market, active inventory, and year-over-year price growth — all sourced from Northern Nevada Regional MLS data.
| ZIP | Primary Area | Median Price | $ / Sq Ft | Days on Market | Active | YoY |
|---|---|---|---|---|---|---|
| 89501 | Downtown Reno · Riverwalk · The Palladio | $525K | ~$340 | 40 | 40 | +4.0% |
| 89509 | Old Southwest Reno · Midtown | $620K | ~$340 | 34 | 120 | +3.0% |
| 89503 | Northwest Reno · West University | $520K | ~$315 | 33 | 150 | +2.6% |
| 89521 | South Reno · Damonte Ranch | $680K | ~$320 | 32 | 220 | +2.4% |
| 89451 | Incline Village · Lake Tahoe | $1.25M | ~$700 | 80 | 40 | +5.0% |
Source: Reno/Sparks Association of REALTORS and NNRMLS. Medians from active listings; YoY from closed sales, 2026 vs 2025 year-to-date. Per-sqft figures approximate. ZIP boundaries per Washoe County GIS.
Floor Plan & Unit Guide
The Palladio is a single luxury condominium tower offering one-, two-, and three-bedroom floor plans from roughly 781 to 2,087 square feet, all with floor-to-ceiling windows, 9-foot ceilings, and private balconies. Each unit type carries different pricing by floor, view, and size — but all share one HOA covering the building, the infinity pool, and secured parking. Verify the HOA reserve, rental-cap policy, and warrantability before writing an offer.
Entry · ~781 sq ft
Most attainable Palladio entry; floor-to-ceiling glass
Mid · Balcony
Most common floor plan; private balcony
Spacious · ~2,087 sq ft
Largest plans; premium river-view positioning
Premium · Truckee River
Floor-to-ceiling views of river + Wingfield Park
Comparison · High-Rise
Alternative downtown condo buildings
Amenities & Recreation
The Palladio residents live at the intersection of riverfront recreation and downtown Reno lifestyle — the Truckee River Riverwalk at the door, Wingfield Park steps away, and the infinity pool on-site. The City of Reno maintains the downtown parks and Riverwalk system that make this one of the most amenity-rich urban addresses in Northern Nevada.
ON-SITE
A resort-style infinity pool and spa exclusive to Palladio residents — a rare amenity among downtown Reno condo buildings and a defining feature of the building.
AT THE DOOR
The Truckee River Riverwalk runs at the building's doorstep, connecting parks, sculpture, dining, and seasonal events along the water — the centerpiece of downtown Reno outdoor life.
1 MIN
A river-island park hosting summer concerts, the Artown festival, and the Truckee River Whitewater Park for kayakers and tubers — all within a one-minute walk.
1-3 MIN
Dozens of restaurants, galleries, and the monthly Wine Walk are within a few blocks — the Riverwalk District is downtown Reno's dining and arts hub.
3 MIN
The Harrah Collection of automobiles, one of the finest car museums in the country, is a short walk from The Palladio along the river.
5 MIN
The R1 research university and its athletics, lectures, and cultural events are 5 minutes north via Virginia Street.
8 MIN
A 600-plus-acre regional park near UNR, home to the Great Reno Balloon Race and the Wilbur D. May Center, with extensive trails and open space.
50 MIN
North America's largest alpine lake is 50 minutes via NV-431 (Mount Rose Highway) — weekend lake and ski access from a downtown Reno condo base.
The Palladio Lifestyle
A Saturday at The Palladio: morning coffee along the Truckee Riverwalk, a swim in the infinity pool, an afternoon at Wingfield Park events per the City of Reno, dinner at a Riverwalk District restaurant, and Lake Tahoe 50 minutes away for Sunday. Riverfront living, infinity pool, and zero Nevada income tax.
THIS WEEKEND'S OPEN HOUSES
The Palladio condos typically show by appointment through the listing agent or building access — weekend open houses are less common in secured high-rise buildings than in suburban neighborhoods. Contact Nevada Real Estate Group at (775) 277-2120 to schedule a private showing or request a video walkthrough. Set up instant alerts to get notified when a unit in your price range becomes available.
Build a budget around the particular home and your circumstances. Obtain current financing terms, property records and service quotes before comparing the cost of a move. A community average cannot establish your tax bill, insurance premium, association charges or savings.
Ask a tax adviser to review income sources, residency dates and any continuing connections to another state. California-source income can remain taxable after a move; the Franchise Tax Board explains part-year and nonresident rules. A headline tax-rate comparison does not calculate your savings.
Get the exact parcel's current tax bill and assessment record from its county. Confirm the property's abatement status and any effect of new construction, a change in use or your circumstances with the assessor. Do not apply a community-wide percentage to a purchase price or assume a tax cap is automatic.
Use lender estimates, insurance quotes, association documents and utility information for the exact address. Include maintenance, moving expenses and any special assessments in the comparison. Renting and buying involve different costs and obligations; future equity or resale gains are not assured.
Check school assignments for the enrollment year and ask about choice-program applications. Investigate parcel-specific hazards and permitted uses with the responsible agencies. Review travel routes and the features that matter to you instead of relying on a broad safety score or a neighborhood recommendation based on household type.
Discuss the homes, budget and timing you want to evaluate with the team.
Explore relocation planningRELOCATION TIMELINE
Plan the purchase and move around your circumstances and the property's verified requirements. Coordinate the transaction, possession and moving arrangements with the relevant parties. For license and vehicle questions, consult the Nevada DMV new-resident guide. Confirm your own deadlines and any exemptions directly with the agency.
Compare homes using your budget, accessibility needs, desired features and travel routes. Evaluate the particular property and surroundings using your own priorities; a neighborhood label does not establish its suitability.
Ask a lender for terms based on your circumstances and the property. Obtain the parcel tax record, insurance quotes, association charges and other recurring costs; a community-wide estimate cannot establish your payment or approval.
Discuss services, compensation, communication and touring arrangements with the agent. Confirm the details in the applicable agreement before relying on a promised service or access to a property.
Check school assignments with the district for the enrollment year and ask about separate program applications. Review parcel-specific flood, wildfire, utility, zoning and intended-use questions with the relevant agencies and service providers.
Discuss price, deposit, contingencies and the proposed schedule with your agent and lender. The signed contract determines the transaction deadlines; market averages do not promise when an offer will be accepted or a purchase will close.
Arrange appropriate inspections and review disclosures, title information, association documents and financing conditions. Investigate unresolved findings with the relevant specialist before the contractual decision deadlines.
Verify which utilities serve the address, what deposits or appointments are required, and when service can begin. Coordinate access and the moving date with the agreed possession terms and any building or association requirements.
Confirm completion and possession with the closing parties before arranging access. Consult the Nevada DMV's current new-resident guide for license, registration, documentation and exemption requirements that apply to you.
ECONOMY & JOBS
The Palladio residents are minutes from the downtown Reno job base and the University of Nevada, Reno, and 10 minutes from Reno-Tahoe International Airport. According to the U.S. Bureau of Labor Statistics, MSA unemployment runs near historic lows — driven by Renown Health, UNR, Tesla, and Switch. Downtown government, legal, and hospitality employers anchor the immediate area.
Sources: U.S. Bureau of Labor Statistics, Nevada State Demographer. Last updated June 2026.
BUILDING COMPARISON
Choosing between downtown Reno condo buildings? This table compares The Palladio ($525K, riverfront luxury), Riverwalk Towers ($550K, river views), The Montage ($420K, mid-range), and Arlington Towers ($330K, value entry). Metrics from RSAR, the U.S. Census, and BLS Reno-Sparks MSA.
| Metric | The Palladio | Riverwalk Towers | The Montage | Arlington Towers |
|---|---|---|---|---|
| Median List Price | $525K | $550K | $420K | $330K |
| Price / Sq Ft | ~$340 | ~$360 | ~$310 | ~$280 |
| Days on Market | 40 | 38 | 42 | 45 |
| HOA / Month | $350-$650 | $400-$700 | $300-$550 | $250-$500 |
| Infinity Pool | Yes | Varies | No | No |
| Property Type | Riverfront Luxury Condo | River-View High-Rise | Mid-Range High-Rise | Value High-Rise |
| Guard-Gated | No (secured access) | No (secured access) | No (secured access) | No (secured access) |
| River Frontage | Direct | Direct | Near | Near |
| Best For | Riverfront Luxury · Pool | River Views · Concierge | Mid-Range · Walkable | Value · Entry |
Sources: Reno/Sparks Association of REALTORS, U.S. Census ACS. Last updated June 2026.
Build a property-specific budget using a lender quote, the parcel tax estimate, insurance quotes and association documents. The starting amounts below are editable illustrations, not current local rates or verified fees. Compare the result with your Loan Estimate, and budget separately for maintenance, utilities and closing costs.
Inputs are assumptions, not a loan offer, insurance quote or parcel tax calculation. This simplified fixed-rate example applies the selected PMI rate below 20% down; actual mortgage-insurance eligibility, cost and cancellation depend on the loan. Maintenance, utilities, closing costs and special assessments are additional. Review the CFPB housing budget guide and confirm amounts with the relevant providers.
BUYING AND RENTING
Compare actual homes that meet the same needs over your expected time in the area. A purchase price and an advertised rent alone do not establish which option costs less. Use current quotes and separate monthly cash flow, upfront cash, and the amount you might recover when moving.
Start with the down payment, lender and closing charges, and any immediate repairs. Add principal and interest, property taxes, insurance, mortgage insurance where applicable, association dues, utilities and ongoing maintenance. Identify expenses paid outside escrow so they are included in your household budget.
For a later sale, model the remaining loan balance and selling expenses. Appreciation is uncertain; compare unchanged-price and lower-price cases as well as any growth assumption. Principal repayment builds an ownership interest, but that does not guarantee a profit or make every cash payment recoverable.
Use an actual lease offer and confirm the term, deposit, renewal provisions, parking, pet charges, utilities and renter's insurance. Record which maintenance services are included and any costs or restrictions associated with an early move. An advertised starting rent may not include every required charge.
Keep the comparison consistent: use the same time period, household needs and moving assumptions. Include the cash that remains available when a down payment is not used, without assuming a guaranteed investment return. Your need for flexibility and responsibility for repairs also matter alongside the financial figures.
There is no verified community-wide holding period or five-year equity gain shown here. Ask your lender to explain financing assumptions and have a tax professional assess any claimed tax benefit for your circumstances. Keep a copy of the quotes and dates so you can update the comparison before making an offer.
PROPERTY-SPECIFIC ASSOCIATION COSTS
A community name does not establish a property's current dues or all the associations that govern it. Obtain the applicable resale package, budget and governing documents for the exact address. Confirm the effective date and payment frequency of each fee with the association or its manager.
Identify master and sub-association dues separately. Check whether utilities, exterior maintenance, insurance, amenities or club access are included, optional or billed separately. A listing's monthly figure may omit a quarterly or annual charge, and an advertised amenity does not establish membership rights.
Ask about transfer, document, capital-contribution and other transaction fees, as well as approved or proposed assessments. Confirm who pays each item under the contract. Review available reserve and budget information; historical dues are not a guarantee of future charges.
Verify the actual rules for leasing, pets, parking, property changes and amenity access. Age restrictions and gate staffing require their own current documentation. Do not assume neighboring subdivisions or similarly named communities have identical rules, services or fees.
COMMUTE & TRANSPORTATION
From The Palladio, the University of Nevada, Reno is 5 minutes, the airport 10 minutes via I-580, and Midtown 5 minutes. Downtown's walkability means many daily trips happen on foot, and immediate I-80 and I-580 access puts the region minutes away per U.S. Census ACS data — downtown is one of the easiest commute bases in Northern Nevada.
Drive times based on average non-rush-hour conditions. Sources: Google Maps traffic data, RTC Washoe.
Quick Answer
Most Palladio condo purchases close in 30-45 days; cash offers close in 7-14 days. Financed purchases require the lender to approve the building as warrantable — owner-occupancy ratio, reserve health, and litigation status all matter for a downtown high-rise — so confirm warrantability before writing an offer to avoid a late-stage financing delay.
Quick Answer
Most Palladio purchases fall within conforming or high-balance loan limits, so conventional condo financing applies — typically a 620-plus credit score and 5-20% down, with the best rates at 740-plus. The critical wrinkle for any downtown high-rise is warrantability: the lender must approve the building's owner-occupancy ratio, reserve health, and litigation status before approving your loan. Cash buyers face no credit requirement but should still budget 1-2% of the purchase price for closing costs and confirm the HOA reserve study during escrow.
The Palladio FAQ — 18 Answers
The Palladio condos are priced from roughly $420,000 for smaller one-bedroom units to $750,000 or more for larger three-bedroom residences and upper-floor units with direct Truckee River views, per Northern Nevada Regional MLS data for ZIP 89501. The current median list price in this building runs near $594,500 according to Reno/Sparks Association of REALTORS, positioning The Palladio at the luxury end of the downtown Reno condo market — above entry buildings like Arlington Towers but accessible relative to single-family Old Southwest Reno estates.
The Palladio is a steel-and-glass luxury condominium tower built in 2006-2007 directly on the Truckee River Riverwalk in downtown Reno. It stands apart from neighboring buildings for its floor-to-ceiling windows, 9-foot ceilings, private balconies, an infinity pool and spa, secured garage parking, and an HOA that bundles water, sewer, trash, and gas service. Its riverfront position in the arts and cultural district puts Wingfield Park, restaurants, galleries, and downtown events at the front door.
The Palladio offers one-, two-, and three-bedroom condominium residences ranging from roughly 781 square feet for a one-bedroom to about 2,087 square feet for a three-bedroom floor plan. Every unit features floor-to-ceiling windows, 9-foot ceilings, high-end finishes, and a private balcony; upper-floor and river-facing units command a premium for their Truckee River and downtown skyline views. All units fall under one HOA covering the building envelope, common areas, the pool and spa, and secured parking.
The Palladio is not a guard-gated community in the suburban sense — it is a secured high-rise condominium building. Access is controlled through building entry security, a secured parking garage, and HOA governance rather than a staffed entry gate. The single-building, key-fob-access structure of a downtown tower provides a level of day-to-day security that most ground-level homes cannot, with neighbors and building management close at hand.
HOA dues at The Palladio typically run $350-$650 per month depending on unit size and floor, and generally cover water, sewer, trash, gas, building exterior and common-area maintenance, building insurance on the envelope, the infinity pool and spa, and secured parking. Contact Nevada Real Estate Group at (775) 277-2120 for current dues on any specific listing — confirm the exact figure, reserve fund health, rental-cap policy, and any pending special assessments during escrow.
Yes — The Palladio offers an infinity pool and spa, secured garage parking, controlled building access, and a riverfront position on the Truckee River Riverwalk. The building sits steps from Wingfield Park, the Riverwalk District restaurants and galleries, the National Automobile Museum, and downtown event venues. Many units include one or two assigned secured parking spaces; confirm parking allocation in the listing details, as it is a material factor in downtown condo value.
The Palladio is in Washoe County and served by the Washoe County School District, which covers downtown Reno. Assigned schools typically include downtown and central Reno campuses, with Reno High School among the area high schools and regional options such as Davidson Academy (gifted, on the UNR campus) and Coral Academy of Science nearby. Confirm current school-zone assignment for any specific unit address with WCSD or the Washoe County Assessor before purchasing.
The Palladio sits directly on the Truckee River in downtown Reno — the Riverwalk trail runs at the building's doorstep, and Wingfield Park is a short stroll away. River-facing and upper-floor units overlook the water and the kayak park, while the Riverwalk District restaurants, galleries, Wine Walk events, and seasonal festivals are all within a few blocks. This riverfront position is the building's defining advantage among downtown Reno condo addresses.
Property taxes at The Palladio fall under Washoe County's jurisdiction. Nevada's effective property-tax rate runs roughly 0.5-0.7% of taxable value, and the state caps annual increases on a primary residence at 3% under Nevada Revised Statutes 361.471. On a $594,500 Palladio condo, the annual tax bill typically runs approximately $2,625-$3,675 per Washoe County Assessor data. Nevada also levies no state income tax, a meaningful advantage for high-income professionals and California relocators buying a downtown Reno residence.
Short-term vacation rental rules in downtown Reno are governed by City of Reno ordinance and the building's HOA CC&Rs — not all Palladio units permit nightly rentals, and the HOA may cap or prohibit short-term and even long-term rentals. Before purchasing a Palladio condo as a rental investment, verify the current City of Reno short-term rental permit availability for the address and review the HOA's rental-cap policy. Operating a non-permitted short-term rental carries fines and can affect resale value.
The Palladio holds a limited number of condo units, so true riverfront luxury inventory in one building changes hands at a measured pace. Per NNRMLS data for ZIP 89501, well-priced downtown Reno condos in the mid-range typically go under contract in roughly 49 days, while larger upper-floor river-view units can take longer as the qualified buyer pool narrows. When a Palladio unit is priced correctly for its floor and view, buyer competition from downtown professionals and California relocators can accelerate the timeline considerably.
The Palladio offers a scarce asset — a luxury riverfront condominium in a single downtown Reno tower with floor-to-ceiling river views, an infinity pool, and walk-everywhere access to the Riverwalk District. Downtown Reno's revitalization, the University of Nevada, Reno nearby, and Tahoe-Reno tech employers anchor sustained demand. Nevada's zero state income tax and 3% property-tax cap under NRS 361.471 add favorable carrying math. Buyers planning a 5-plus year hold benefit from both appreciation potential and optional rental income — subject to HOA rental-cap and City of Reno permit verification.
The Palladio is downtown Reno's luxury riverfront tier — priced $420K-$750K+, versus value high-rises like Arlington Towers and mid-range options such as The Montage. Riverwalk Towers competes most directly for river-view luxury buyers. The Palladio differentiates on its infinity pool, 9-foot ceilings, floor-to-ceiling glass, and direct Riverwalk frontage. Each building carries its own HOA fees, financing eligibility, reserve fund health, and rental-cap rules — compare all of them before choosing.
At a $594,500 Palladio purchase with 20% down at 7% interest, principal and interest runs approximately $2,800/month. Add Washoe County property tax of roughly $260-$305/month, HOA dues of $350-$650/month depending on unit and floor, and homeowners insurance for the interior. Total monthly carrying costs for a financed purchase typically run $3,600-$4,100 before accounting for Nevada's zero state income tax savings, which for high-income downtown professionals and California relocators can offset a meaningful portion of those costs.
Before writing an offer on any Palladio condo, request the full HOA document package: CC&Rs, bylaws, meeting minutes from the past two years, the reserve fund study, the current operating budget, the rental-cap policy, and any pending or recently levied special assessments. Building-envelope repair, elevator and pool maintenance, and parking-garage upkeep are common reserve fund line items in luxury high-rises — a reserve fund below 70% funded is a yellow flag. Confirm the building is warrantable for financing and whether the HOA master policy covers the structure or each owner must carry interior coverage.
Most Palladio purchases fall within conforming or high-balance loan limits, since the 2026 conforming limit of $766,550 exceeds the building's typical $420K-$750K range. Conventional financing on a condo generally requires 5-20% down and a 620-plus credit score; on a $594,500 unit, 20% down means $105,000. The critical wrinkle for any downtown high-rise is warrantability — the lender must approve the building (owner-occupancy ratio, reserve health, and litigation status). Budget an additional 1-2% for closing costs. Call Nevada Real Estate Group at (775) 277-2120 to confirm current condo programs and Palladio warrantability.
The Palladio is one of the strongest luxury-condo propositions in downtown Reno — direct Truckee River frontage, an infinity pool, floor-to-ceiling river views, and walk-everywhere Riverwalk District access. As a lock-and-leave second home for a Tahoe-bound buyer or a downtown professional's primary residence, it is hard to replicate. The critical step before buying as a rental: verify the HOA's rental-cap policy and the City of Reno short-term rental permit availability for the unit — some downtown buildings restrict or prohibit nightly rentals.
Yes — Nevada Real Estate Group represents buyers and sellers throughout downtown Reno, including The Palladio. Our agents prepare a custom CMA using NNRMLS closed data specific to ZIP 89501 and the building's floor and view tiers, and we know the warrantability, reserve, and rental-cap details that move downtown condo deals. We have the buyer network to reach qualified downtown professionals and California relocators who target the Reno Riverwalk. Call (775) 277-2120 or submit the form below for a no-obligation consultation.
Updated September 2026
STILL HAVE QUESTIONS?
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PEOPLE ALSO ASK
Beyond the main FAQ, these are the questions Palladio buyers most frequently type into Google and AI assistants — each answered with verifiable specifics: prices sourced from the Reno/Sparks Association of REALTORS, HOA dues from building records, amenity details from the HOA, and GreatSchools 2026 school ratings.
The Palladio offers a scarce asset — a luxury riverfront condominium in a single downtown Reno tower with floor-to-ceiling river views and an infinity pool. Downtown revitalization, UNR, and Tahoe-Reno tech employers anchor demand. Nevada zero state income tax and the 3% property-tax cap under NRS 361.471 create favorable ownership math. Buyers planning 5-plus year holds have historically seen steady appreciation in ZIP 89501 — verify the HOA rental-cap policy first if income is part of the plan.
The Palladio is a luxury steel-and-glass condominium tower built in 2006-2007 on the Truckee River Riverwalk in downtown Reno, Nevada. It offers one-, two-, and three-bedroom units from roughly 781 to 2,087 square feet with floor-to-ceiling windows, 9-foot ceilings, private balconies, an infinity pool and spa, and secured parking — the luxury tier of the downtown Reno condo market at $420K-$750K+.
Short-term rentals at The Palladio are subject to two layers of rules: (1) City of Reno STR ordinance — you must hold an active permit for the specific unit, and availability varies; (2) the building HOA CC&Rs — the rental-cap policy may restrict or prohibit nightly and even long-term rentals. Both must be verified before purchasing as a rental investment. Operating a non-permitted short-term rental carries fines and can affect resale value.
Yes — The Palladio features a resort-style infinity pool and spa, one of its defining amenities and rare among downtown Reno condo buildings. The building also offers secured garage parking, controlled building access, and a riverfront position on the Truckee River Riverwalk. Confirm amenity access details and any associated fees in the HOA documents during escrow.
The Palladio sits directly on the Truckee River — the Riverwalk trail runs at the building's doorstep, and river-facing units overlook the water and Wingfield Park. The Riverwalk District restaurants, galleries, the Wine Walk, and seasonal festivals are all within a few blocks. This direct riverfront position is the building's signature advantage in the downtown Reno condo market.
Upper-floor, river-facing units command premium pricing for their floor-to-ceiling Truckee River and downtown skyline views — these are the larger two- and three-bedroom plans in the $650K-$750K+ range. Entry one-bedroom units around 781 square feet in the $420K-$500K range offer the most attainable Palladio entry. South-facing and corner units with the most glass are the most sought-after within each tier.
For buyers who want walk-everywhere riverfront living, downtown amenities, and a luxury condo product, The Palladio is uniquely positioned — no suburban Reno address offers the Riverwalk, an infinity pool, and river views in one building. For buyers who prioritize space, yards, and top suburban schools, South Reno master-planned communities offer strong value at $600K-$850K with single-family homes.
Most Palladio units include one or two assigned secured parking spaces in the building garage, a meaningful advantage in the downtown core where street parking is limited. Some units may sell additional parking or storage separately. Confirm the exact parking and storage allocation in the listing details and HOA documents — it is a material factor in downtown condo value and a common point buyers overlook.
WHY NEVADA REAL ESTATE GROUP
Deep knowledge of downtown Reno condo buildings — HOA structures, reserve fund health, warrantability, and rental-cap rules across The Palladio, Riverwalk Towers, The Montage, and Arlington Towers — plus 150+ licensed agents and 9,061+ verified five-star reviews. With 9,600+ closed transactions and $4.85B+ in total volume, Nevada Real Estate Group ranks #1 in Nevada, covering every Palladio unit tier from entry one-bedrooms to river-view three-bedrooms.
WORK WITH THE BEST
Tell the team about your preferred area, budget, timing and property requirements. Ask about representation and the records needed to evaluate a particular home. Review current listings, comparable sales and the written terms of any services before deciding how to proceed. Contacting the team does not guarantee a purchase, sale price or response deadline.
NEARBY COMMUNITIES
Compare The Palladio with neighboring downtown Reno buildings and nearby districts. Each card pairs the drive time to The Palladio with the community's price positioning, so you can judge whether an adjacent area buys you a meaningfully different lifestyle.
More Reno communities
Shopping the whole city? Browse all Reno homes for sale — live MLS listings updated daily.
A–Z INDEX
Key Reno and Nevada-side Lake Tahoe communities — from The Palladio's downtown riverfront condos to Incline Village ski-access homes to suburban master plans. Every linked entry opens a dedicated page with current NNRMLS listings, price ranges, and HOA details for that specific community.
KEEP LEARNING
These guides extend the research most Palladio buyers do next — exploring the broader downtown Reno condo market, comparing nearby walkable districts, and reviewing the full Reno market hub — each written from the same NNRMLS data and primary sources used throughout this page.
GUIDE
The full downtown Reno condo and loft market — Riverwalk Towers, The Montage, Arlington Towers, and the Riverwalk District at a $300K-$800K+ price range.
Read →GUIDE
Reno's walkable dining and arts district just south of downtown — a compelling alternative for buyers who want walkability with more single-family options.
Read →MARKET REPORT
Truckee Meadows and Northern Nevada market data, neighborhood comparisons, and every Reno and Lake Tahoe community page in one place.
Read →RELOCATION GUIDE
The Northern Nevada move playbook — taxes, cost of living, and neighborhoods.
Read →LIVING GUIDE
Jobs, cost, weather, and lifestyle for anyone weighing a move to Reno.
Read →Sources & Methodology
Every statistic on this page is sourced from a primary or government dataset, and we refresh these numbers monthly. The organizations below — from the U.S. Census Bureau to the Reno/Sparks Association of REALTORS — supply the underlying data; follow any link to verify a figure or pull deeper detail than we publish here.
Methodology: Listing data is sourced via Repliers IDX feed (Las Vegas MLS) and refreshed every 15 minutes. Demographic and economic data are pulled monthly via Census/BLS APIs. School data is refreshed quarterly. All comparisons are like-for-like (same metric, same time period).
Updated: September 2026 · Next update: October 15