$750,000 Active
1355 Palisade Drive
Reno, NV 89509

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STR Status Unknown
4 Beds
·
3.0 Baths
·
2,972 Sq Ft
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Our data on this home

About This Property

Welcome to 1355 Palisade Drive, nestled in Reno's highly sought-after Old Southwest neighborhood, where timeless charm, an unbeatable location, and breathtaking panoramic mountain views come together. Lovingly maintained by the same owners for years, this home offers a rare opportunity to enjoy one of Reno's most desirable neighborhoods, just minutes from local restaurants, shopping, parks, and everything the city has to offer. Step inside to discover a bright, inviting floor plan featuring four bedrooms, three bathrooms, and approximately 2,972 square feet of living space. The main level offers approximately 1,828 square feet of comfortable living, with an abundance of natural light, beautiful views, and the convenience of everyday living on one level. The finished basement adds approximately 1,144 square feet of flexible living space, complete with an expansive recreation room, a private fourth bedroom, and a full bathroom. Whether you're hosting guests, creating a home office, or looking for additional space to relax and entertain, the possibilities are endless. Outside, the charming and private front courtyard offers the perfect place to enjoy your morning coffee or soak up the afternoon sunshine. The spacious backyard provides plenty of room for gardening, entertaining, or simply unwinding while taking in the spectacular mountain backdrop. An attached two-car garage and a generously sized laundry room add to the home's everyday convenience. With its incredible views, versatile floor plan, and prime Old Southwest location, 1355 Palisade Drive is a wonderful opportunity to make this well-loved home your own. This is a probate sale, subject to overbid and court approval.

Listed by Tristan Lipschutz — Compass

Listing Details

Status Active
MLS # 260013657
Days on Market 6
Price/Sq Ft $252

Property History

Oct 29, 2026
Listed for sale
$750,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,972
Lot Size 0.22 acres
Stories 1
Year Built 1973
Property Type Single Family Residence
APN 010-291-10
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Awning(s), Rain Gutters
Lot Features Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick Veneer, Frame
Roof Composition, Shingle
Foundation Brick/Mortar
Utilities & Systems
Heating Electric, Forced Air
Cooling Central Air
Financial
Annual Tax $1,494
Schools
Elementary School Beck
Middle School Swope
High School Reno
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STR Investment Analysis

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

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$4,200 – $6,200/yr
about $433/mo
Est. Rebuild Cost (Coverage A)
$1,248,240

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$4,350 per month
Principal & interest
$3,792/mo
Property taxes
$125/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$433/mo
Estimated ~$4,200–$6,200/yr — get a local broker quote for accuracy.
Down payment
20% ($150,000)
Home price
$750,000
Loan details
30-yr fixed, 6.5%
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