$1,850,000 Active
1547 Kestrel Court
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
3.5 Baths
·
5,014 Sq Ft

About This Property

Spectacular home in The Highlands with sweeping city and mountain views, expansive living spaces, and exceptional flexibility for multigenerational living. Two houses under one roof or use the bottom level for entertaining! The main level features a bright living area, dining room and upgraded kitchen, newer appliances and a walk in pantry. The primary bedroom suite is a private retreat with vaulted ceilings, arched entrances, a gas fireplace, jacuzzi tub and direct deck access with private outdoor hot tub. Two additional bedrooms share a full Jack-and-Jill bathroom, while a half bath and convenient laundry room with a utility sink are also located on the main level. Lastly a heated 1000' garage with new epoxy flooring and two 10' picture windows with workbench space and plenty of attic storage with built in shelving. Downstairs, an additional 2,704 square feet of living space provides remarkable versatility, with a large bar/kitchen area complete with gas range, wall oven, dishwasher and sink, plus a living/dining area with French doors that lead to the back porch and outdoor 8 person hot tub. This level includes two large bedrooms, full updated bath, climate controlled wine closet and a home gym with a sauna and a separate entrance. This Highlands residence offers a rare combination of scale, comfort, and lifestyle. Thoughtful updates, expansive entertaining spaces and private retreat areas create A home that lives beautifully on every level.

Listed by Jared English — Congress Realty, INC.

Listing Details

Status Active
MLS # 260011797
Days on Market 2
Price/Sq Ft $369

Property History

Sep 11, 2026
Listed for sale
$1,850,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2025 $1,312,000 Alicia GardnerRedfin Alicia GardnerRedfin

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 5
Baths 3.5
Sq. Ft. 5,014
Lot Size 0.32 acres
Stories 2
Year Built 1992
Property Type Single Family Residence
Subdivision The Highlands
STR Jurisdiction Washoe County
APN 018-300-02
Parking
Garage Spaces 4
Total Parking 4
Parking Features Garage, Garage Door Opener, Heated Garage
Attached Garage Yes
Exterior & Lot
Lot Features Cul-De-Sac, Gentle Sloping
View City, Desert, Mountain(s)
Construction Stucco
Roof Tile
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $7,717
HOA Fee $85 / Monthly
HOA / Community Highlands Homeowners
Schools
Elementary School Beck
Middle School Swope
High School Reno
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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($370,000)
Home price
$1,850,000
Loan details
30-yr fixed, 6.5%
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