$359,000 Active
17000 Wedge Parkway #UNIT 722
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
1 Beds
·
1.0 Baths
·
1,033 Sq Ft

About This Property

Your new home is waiting for you at the foot of Mt. Rose and Lake Tahoe! This wonderful and spacious 1 BR condo in sought after Fallen Leaf is ready for you! This one bedroom, one bath plus a loft lets in a ton of natural light and really opens up with its high vaulted ceilings. The kitchen comes fully equipped with all appliances conveying. Washer dryer also included. Attached garage and private covered patio to enjoy the sunsets. This property has been well maintained and cared for and is turnkey ready! The community has a pool, fitness center, and clubhouse to enjoy. Walking paths throughout the community are also available to you to take your furry friends out on a stroll. Just minutes away from shopping, stores, restaurants, and entertainment at the Summit. Arrowcreek, parks, recreation and of course Lake Tahoe are all at your fingertips. Perfect for investors as well. Premium rents! Don't wait, go see it now!

Listed by Josh Meyers — Eugene Burger Management Corpo

Listing Details

Status Active
MLS # 260009956
Price/Sq Ft $348

Property History

Aug 02, 2026
Listed for sale
$359,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 1,033
Lot Size 0.01 acres
Stories 3
Year Built 2005
Property Type Condominium
Subdivision Fallen Leaf @ Galena Condominiums
STR Jurisdiction Washoe County
APN 142-321-68
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,886
HOA Fee $350 / Monthly
HOA / Community Fallen Leaf
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Gated, Landscaping, Management, Parking, Pool, Spa/Hot Tub
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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% ($71,800)
Home price
$359,000
Loan details
30-yr fixed, 6.5%
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