$965,000 $1,150,000 ↓ $185,000 reduced Active
1215 Serpentine Road
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
4.5 Baths
·
3,697 Sq Ft

About This Property

Due to no fault of the Seller, this equestrian estate is BACK ON MARKET! If you're in search of wide open skies, quiet mornings, and endless horizons that set the tone for a life of peace and possibility, this is for you! Nestled on 10 flat, fully usable acres, this exceptional ranch property offers the perfect blend of tranquility and function, thoughtfully designed for equestrian living and wide open freedom. With not a city light in sight, evenings transform into a breathtaking display of stars ideal for those who crave serenity and a true escape. The 3,697 sq ft main residence has been beautifully updated and features 4 spacious bedrooms and 2.5 bathrooms, offering a warm, inviting interior that perfectly complements the surrounding landscape. Large windows frame sweeping views of the property and surrounding mountains, creating a seamless connection between indoor comfort and outdoor beauty. The pellet stove surrounded by stone in the great room or the primary bath that has been tastefully updated with a jetted tub, his/hers walk-in closets, and dual sinks make a long day spent outside easy to unwind. Adding incredible flexibility, a 1,000 sqft, 1 bedroom apartment with full kitchen & bath above the garage includes its own private entrance ideal for a ranch hand, guests, or multi-generational living. A full bathroom within the garage on the main level adds even more convenience for day-to-day ranch operations. Step outside and experience a property truly built for the equestrian enthusiast. The grounds feature a 325' x 150' riding arena complete with a roping chute, a 50' x 36' - 6 stall barn equipped with power and water, turnout pens, additional enclosures ready for smaller farm animals, and an enclosed chicken coop rounds out this well-appointed setup, offering everything you need to embrace the ranch lifestyle from day one. Whether you're riding at sunrise, tending to animals, or simply soaking in the stillness of the desert under a canopy of stars, this property offers a rare opportunity to live a lifestyle defined by space, beauty, and quiet luxury.

Listed by Melissa Dolan — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260003130
Days on Market 101
Price/Sq Ft $261

Property History

Mar 19, 2026
Listed for sale
$965,000
Jun 26, 2026
Price changed
$965,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 3,697
Lot Size 10.01 acres
Stories 2
Year Built 2005
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 079-481-76
Parking
Garage Spaces 3
Total Parking 9
Parking Features Attached, Carport, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level
View Desert, Mountain(s)
Construction Stucco
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Hot Water, Pellet Stove, Propane
Cooling Central Air
Financial
Annual Tax $6,558
Schools
Elementary School Desert Heights
Middle School Cold Springs
High School North Valleys
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($193,000)
Home price
$965,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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