$1,850,000 Active
1547 Kestrel Court
Reno, NV 89509

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STR Status Unknown
5 Beds
·
3.5 Baths
·
5,014 Sq Ft
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Our data on this home

About This Property

Two distinct living environments! Experience an exceptional blend of luxury, space, and versatility in this unique Highlands residence, where panoramic city and mountain views provide a breathtaking backdrop to everyday living. Designed for both entertaining and intimate retreats, this expansive home offers the rare opportunity for dual- living potential under one roof—ideal for multi-generational needs, extended guests, or extraordinary entertaining. The main level welcomes you with light-filled living spaces, a formal dining area, and a beautifully upgraded kitchen featuring newer appliances and a generous walk-in pantry with a stunning barn door. The primary suite is a sanctuary of its own, showcasing vaulted ceilings, an elegant arched entrance, gas fireplace, and a spa-inspired bath with a jetted garden tub. Direct access to the deck and a private outdoor hot tub creates the ultimate setting for relaxation while taking in the surrounding views. Two additional bedrooms are connected by an updated Jack-and-Jill bathroom, while a powder room and dedicated laundry room with utility sink add everyday convenience. The lower level unveils an additional 2,704 square feet of beautifully appointed living spaces, offering flexibility and seamless multi-generational living. A spacious second kitchen features a gas range, wall oven, dishwasher, and sink, flowing effortlessly into the great room. French doors lead to a oversized covered outdoor deck featuring an eight-person hot tub and access to a large grass yard and garden beds, creating a seamless connection between indoor comfort and outdoor enjoyment. Two oversized bedrooms, an updated full bathroom, and a climate-controlled wine closet further enhance this level. The fitness/flex room comes with a private sauna and separate entrance, adding even more flexible use options. An impressive 1,000-square-foot heated garage features finished epoxy floors, 10-foot picture windows, dedicated workbench space, and abundant attic storage with built-in shelving. This distinctive home is designed to live beautifully on every level. More than a home, this is a lifestyle.

Listed by Jessica Johnson — Real Broker LLC

Listing Details

Status Active
MLS # 260013481
Days on Market 1
Price/Sq Ft $369

Property History

Oct 23, 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
APN 018-300-02
Parking
Garage Spaces 4
Total Parking 4
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Heated Garage, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run, Multiple Entry Flat or Ramped, Rain Gutters
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear
View City, Desert, Mountain(s), Trees/Woods, Valley
Construction Frame, Stucco
Roof Tile
Foundation Crawl Space
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,717
HOA Fee $250 / Quarterly
HOA / Community Highlands Homeowners Association
Schools
Elementary School Beck
Middle School Swope
High School Reno
HOA & Community
Community Amenities None
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STR Investment Analysis

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STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Home Insurance Estimate

Standard homeowners policy for this home

$7,200 – $10,500/yr
about $738/mo
Est. Rebuild Cost (Coverage A)
$2,105,880

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

$10,798 per month
Principal & interest
$9,355/mo
Property taxes
$643/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$62/mo
From MLS listing data.
Home insurance
$738/mo
Estimated ~$7,200–$10,500/yr — 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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