$695,000
Active Under Contract
1731 Colavita Way
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.0
Baths
·
2,068
Sq Ft
About This Property
Welcome home to desirable South Reno! This beautifully maintained home offers a comfortable, functional floor plan, spotless and full of light and has been exceptionally well cared for. Recent upgrades include newer gutters, hot water heater and shutters throughout. 3 bedrooms, 2 baths and an extra room for a den or home office. The home is super clean, move-in ready, and shows true pride of ownership. 3-car garage provides plenty of space for vehicles, storage, or hobbies. Conveniently located near schools, shopping, dining, parks, and commuter routes while tucked into a desirable residential neighborhood.
Listed by Jen McDonald — LPT Realty, LLC
Listing Details
Status
Active Under Contract
MLS #
260004482
Days on Market
28
Price/Sq Ft
$336
Property History
Apr 15, 2026
Listed for sale
$695,000
Current
Pending
$695,000
Property Overview
Beds
3
Baths
2.0
Sq. Ft.
2,068
Lot Size
0.16 acres
Stories
1
Year Built
2003
Property Type
Single Family Residence
Subdivision
Double Diamond Ranch Village 23
APN
161-222-38
Parking
Garage Spaces
3
Total Parking
3
Parking Features
Attached, Garage, Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction
Stucco
Roof
Pitched, Tile
Foundation
Slab
Utilities & Systems
Heating
Electric, Fireplace(s), Forced Air, Natural Gas
Cooling
Central Air, Electric
Financial
Annual Tax
$3,534
HOA Fee
$120 / Quarterly
HOA / Community
Double Diamond Ranch Master Assoc
Schools
Elementary School
Double Diamond
Middle School
Depoali
High School
Damonte
HOA & Community
Community Amenities
None
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% ($139,000)
Home price
$695,000
Loan details
30-yr fixed, 6.5%
Send a Message
Or call directly: (530) 317-0373
