$1,249,000 Active
1255 Joy Lake Road
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.5 Baths
·
3,200 Sq Ft

About This Property

Join us for an open house this Sunday, June 21st, from 1:00 PM to 4:00 PM. Nestled in the serene Galena Forest, this 4-bedroom, 2.5-bathroom home offers the perfect blend of natural beauty and incredible potential. Take a very short walk right from your doorstep to access the Galena Creek Trail and enjoy the refreshing forest climate. Inside, the home is a blank canvas ready to be renovated and customized to your exact tastes. Much of the heavy lifting has already been completed, with a recently replaced roof, furnace, and an on-demand hot water heater. Additionally, the primary bedroom's greenhouse windows have been updated, and the primary bathroom has been completely remodeled, including a humidity/temperature fan. The exterior features premium clear heart redwood vertical grain siding. Best of all, you are just a short drive from upscale shopping at Shayden Summit Mall, quick travel at the Reno-Tahoe International Airport, or a cool dip in beautiful Lake Tahoe.

Listed by Richard Keillor — Coldwell Banker Select Mt Rose

Listing Details

Status Active
MLS # 260007702
Price/Sq Ft $390

Property History

Jun 16, 2026
Listed for sale
$1,249,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 3,200
Lot Size 0.57 acres
Stories 2
Year Built 1989
Property Type Single Family Residence
Subdivision Galena Forest Estates 1
STR Jurisdiction Washoe County
APN 047-081-02
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear, Wooded
View Trees/Woods
Roof Pitched, Tile
Foundation Crawl Space, Full Perimeter
Utilities & Systems
Heating Fireplace(s), Forced Air, Pellet Stove, Propane
Cooling Central Air
Financial
Annual Tax $5,388
HOA Fee $275 / Annually
HOA / Community Galena Forest Unit #1
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities None
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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% ($249,800)
Home price
$1,249,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR
530.613.5207

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