$760,000 Active
1240 Greenwich Way
Reno, NV 89519
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,821 Sq Ft

About This Property

Highly desirable single-story home in The Cottages of Caughlin Ranch! This beautifully maintained residence features rich hardwood flooring, an inviting entry, elegant living and dining areas, and a cozy family room with a fireplace, built-in cabinetry, and shelving. The updated kitchen offers solid surface countertops, stainless steel appliances, a 5-burner gas cooktop, built-in oven with microwave above, dishwasher, and a three-door refrigerator with ice and water dispenser. Extended counter space, a convenient wine holder, file drawer, and a charming breakfast nook make this kitchen both functional and inviting. The spacious primary suite includes a sliding door to the backyard, a walk-in closet, and a beautifully remodeled bath with heated floors, dual sinks and a large walk-in shower featuring a built-in bench seat and a shower head plus a hand wand. Furnace replaced in 2016 and windows withing the last 10 years. Relax outdoors in the private, low-maintenance backyard with a patio and soothing water feature. Enjoy the exceptional Caughlin Ranch lifestyle with miles of scenic walking trails, ponds, and abundant wildlife. Optional membership to the nearby Caughlin Club provides access to a pool, fitness center, tennis courts, and pickleball courts. Experience the beauty, convenience, and tranquility that make Caughlin Ranch one of Reno's most sought-after communities.

Listed by Donna Clark — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260007729
Price/Sq Ft $417

Property History

Jun 17, 2026
Listed for sale
$760,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,821
Lot Size 0.11 acres
Stories 1
Year Built 1997
Property Type Single Family Residence
Subdivision Caughlin Cottages 2
STR Jurisdiction Washoe County
APN 214-132-04
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Greenbelt, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Park/Greenbelt
Construction Stucco
Roof Pitched, Tile
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,059
HOA Fee $300 / Quarterly
HOA / Community Caughin Ranch Homeowners Association
Schools
Elementary School Gomm
Middle School Swope
High School Reno
HOA & Community
Community Amenities Landscaping, Security
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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% ($152,000)
Home price
$760,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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