$557,000 Active
17000 Wedge Parkway #UNIT 3223
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,348 Sq Ft
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About This Property

This unit in the gated community of Fallen Leaf is so nice to walk into. It's a corner unit that is clean, bright and new place to live. New appliances, new 15" extra deep cherry cabinets, new high quality LVP flooring in kitchen and laundry. 2 baths with new white quartz counters and vanity tops, beautiful frameless glass on showers with marble surrounds. New 2" blinds on all windows. Just minutes from Lake Tahoe, kayaking, biking, hiking, skiing, shopping and restaurants. Or, just relax at the pool or by your cozy fireplace, or have a morning coffee on your covered balcony. The entire unit is freshly painted including the garage and storage area with new epoxy flooring, bright LED lighting and insulated garage doors recently checked, serviced, new rubber seals and new springs. The unit has new light fixtures, fans and mirrors. In addition, a great flex space for exercise, an office or reading area, even room to accommodate guests is the loft area. The spacious laundry area also has a new washer/dryer and extra deep 15" cabinets. Stay cool in the summer and warm in the winter with new quality efficient air conditioner, heater and water heater, replacing the old original system which many of the other units still rely on. Cozy up to the gas log fireplace recently checked, cleaned and serviced to ensure operation and heat output. You will love living here!

Listed by J.D. Drakulich — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260010045
Days on Market 1
Price/Sq Ft $413

Property History

Aug 04, 2026
Listed for sale
$557,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,348
Lot Size 0.01 acres
Stories 3
Year Built 2005
Property Type Townhouse
Subdivision Fallen Leaf @ Galena Condominiums
STR Jurisdiction Washoe County
APN 142-324-29
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $3,099
HOA Fee $350 / Monthly
HOA / Community Fallen Leaf
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Landscaping, Parking, Pool, Security, 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% ($111,400)
Home price
$557,000
Loan details
30-yr fixed, 6.5%
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