$950,000 Active
1545 Meridian Ranch Drive
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,478 Sq Ft

About This Property

Yes. For this property, buyer demographic, and Reno luxury-active-adult market positioning, this is the version I would recommend publishing. It strikes the right balance between: * luxury without sounding inflated, * emotional without sounding generic, * detailed without becoming too long for MLS/Zillow, * and lifestyle-focused without overselling. Most importantly, it correctly positions the home's true value drivers: * premium open-space lot, * panoramic views, * Sierra Canyon / Somerset prestige, * original-owner + second-home condition, * lock-and-leave lifestyle, * and resort-style Del Webb amenities. Here is the finalized polished version: --- Welcome to one of Somerset's most exceptional view properties, ideally positioned within Sierra Canyon at Del Webb to capture sweeping mountain, valley, and open-space vistas from a rare premium homesite with no direct rear neighbors. Lovingly owned by the original purchasers and lightly enjoyed as a second residence, this beautifully maintained home reflects a level of care and preservation rarely found in today's market. From the moment you arrive, the property offers an immediate sense of peace, privacy, and understated elegance that perfectly complements the surrounding Northern Nevada landscape. Inside, expansive replacement windows frame the breathtaking scenery while filling the home with soft natural light. The thoughtfully designed single-level floorplan offers spacious living areas, generous storage, a large laundry room with extensive cabinetry, and an oversized garage with flexibility for hobbies, golf equipment, workshop space, or additional storage. The seamless connection between indoor and outdoor living is one of the home's defining features. The covered patio overlooks protected open space, walking trails, and panoramic mountain views, creating an extraordinary setting for morning coffee, evening sunsets, and effortless entertaining beneath Northern Nevada's expansive skies. Low-maintenance landscaping enhances the lock-and-leave convenience ideal for both full-time and seasonal living. Located within the highly sought-after Sierra Canyon at Del Webb community, residents enjoy resort-style amenities centered around the Aspen Lodge clubhouse, including indoor pool and spa facilities, fitness center, pickleball and tennis courts, social clubs, walking trails, and a vibrant calendar of community events and activities. Somerset's elevated foothill location offers convenient access to championship golf, dining, shopping, medical services, and Reno-Tahoe's year-round outdoor recreation. Rarely does a home combine original-owner history, second-home level preservation, premium open-space positioning, panoramic views, and access to one of Reno's premier active lifestyle communities in such a compelling offering.

Listed by Karen Greathouse — Greathouse Real Estate

Listing Details

Status Active
MLS # 260006597
Price/Sq Ft $383

Property History

May 23, 2026
Listed for sale
$950,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,478
Lot Size 0.18 acres
Stories 1
Year Built 2005
Property Type Single Family Residence
Subdivision Sierra Canyon At Somersett Village 5
APN 234-323-06
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Greenbelt, Landscaped, Level, Meadow, Sprinklers In Front, Other
View Mountain(s), Park/Greenbelt, Peek, Trees/Woods, Valley
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,319
HOA Fee $114 / Monthly
HOA / Community Somerset
Schools
Elementary School Westergard
Middle School Billinghurst
High School McQueen
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Golf Course, Parking, Pool, Recreation Room, Sauna, Spa/Hot Tub, Tennis Court(s)
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
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