Regency at Damonte Ranch
Altair Lane, Reno, Nevada 89502
Stylish, Gated 55+ Enclave of Regency at Damonte Ranch Features Handsome Single Story, Single Family Homes, a Clubhouse and a Lifestyle Director
Toll Brothers broke ground on Regency in 2015. Located in Reno, Nevada, it is the company's first 55+ community west of Colorado and is a part of the larger, all ages Damonte Ranch. At buildout, this gated development should have about 450 low-maintenance, single family houses.
Nine floor plans in three collections revolve around a luxurious single-story lifestyle. Floor plans range from 1,673 square feet to 2,424 square feet. Features include front yard landscaping, an attached garage, a great room, a gourmet kitchen, an ample master suite, a covered patio, a courtyard, curved foyers, walk-in closets and a large pantry. Exteriors are stone, vinyl and stucco. Built near the base of the Sierra Nevada mountains, most homes have scenic views.
Prices begin in the low-$400,000s. Please verify this with a Realtor as prices may change.
Amenities are still in the works but will include a 18,000 square foot clubhouse with an indoor swimming pool, a spa, a fitness center, an aerobics studio, a game room, and a lounge. Tennis, pickleball, and bocce ball courts will surround the clubhouse. Biking and walking trails will connect neighbor to neighbor and Regency to the greater Damonte Ranch. An onsite lifestyle director will organize events, parties, excursions, volunteer groups, and life long learning opportunities.
Banks, pharmacies, hospitals, restaurants, golf courses, and an international airport are only minutes from Regency's gates. Downtown Reno, its art district, and casinos are also within easy reach. The city hosts a classic car convention, a motorcycle rally, a balloon race, and year round whitewater events. Nearby Mount Rose offers hiking trails and winter skiing. Fishing, sailing, and boating are less than hour away at Lake Tahoe and Pyramid Lake.
Renown Regional Medical Center is accredited by the Joint Commission.
Summer temperatures are in the 90s, but the area cools off quickly when the sun sets. Winter temperatures are in the 20s, 30s, 40s. On average, the area receives seven inches of rain and 21 inches of snow per year. The elevation is 4,500 feet above sea level.
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Nevada was explored by Europeans in the 1820s and in the 1840s by Kit Carson and John C. Fremont. The U.S. obtained the region in 1848 after the Mexican War and a Mormon trading post near Genoa was the first permanent settlement. Much of Nevada is still uninhabited by humans; desert animals and sagebrush plants, however, thrive.
The Comstock Lode made Nevada famous. The biggest silver deposit in the U.S. was found here in 1859. Oil was found in 1954.
Gambling and divorce as industries came about in the early 1930s. Las Vegas really began to boom in the 1950s and today attracts thousands of vacationers, tourists, business people and gamblers each year. In fact, gambling produces over a third of the state's revenue. Stunning Lake Tahoe is also a major tourist draw.
The state raises cattle, hay, barley, wheat, alfalfa, and potatoes. Manufacturers produce lawn and garden irrigation devices, gaming equipment, machinery and seismic monitoring devices.
Nevada is the driest state in the country with just seven inches of rain falling each year on average.
Population - 2,940,058
Persons 65 years old and over - 15%
High school graduates, persons age 25+ - 85%
Bachelor's degree or higher, persons age 25+ - 23%
Persons of Hispanic or Latino origin - 28%
White persons, not Hispanic - 50%
Median household income - $51,825
Median home value - $173,700
Social Security taxed? No
Source: U.S. Census Bureau
Why Would Someone Age 55+ Retire in an All Ages Development?
While communities designed for people age 55 or better have a lot of benefits, not everyone wants to retire in a development where most of the residents are the same age and often of the same socioeconomic background. All ages community by law cannot discriminate based on age so they nearly always have a wide range of residents, from families and single professionals to empty nesters and often retirees. Many older all ages neighborhoods are organic, that is having grown over time and never having been "master planned." These usually do not have amenities such as a pool, tennis courts, etc. But more and more new all ages communities are master planned, gated, with covenants and HOA fees. Retirees often prefer these to 55+ communities because they allow more interaction with people from more cross sections of the country.
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