$694,500 Active Under Contract
20500 Cooke Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,530 Sq Ft
Virtual Tour

About This Property

A Rare Blend of Wide Open Living and South Reno Convenience. 20500 Cooke Drive is where the quiet, open feel of country living meets the comfort and convenience of South Reno. Set just outside the city, this property offers the kind of space, privacy, and natural beauty that's increasingly hard to find while still keeping you close to everyday essentials. Here, mornings begin with sweeping views of the Sierra Nevada range, including Mount Rose, the Galena Creek Bridge, and the dramatic ridgelines that frame the valley. Watch the sunrise stretch across the landscape and fill the property with warm, natural light. After a long day, unwind in the amazing hot tub, perfectly positioned for privacy and stunning views! Despite the peaceful setting, you're only minutes from the Summit Mall, top tier dining, shopping, fitness studios, and all the amenities that make South Reno so desirable. It's the perfect balance: the freedom of open land with the convenience to modern living. Whether you dream of room to roam, space for animals or toys, or simply a home that feels grounded in nature, this property delivers a true sense of possibility. Out here, you can breathe a little deeper, stretch out a little farther, and enjoy a lifestyle that feels both elevated and authentic. A place where you're close to everything, yet just far enough away to feel free.

Listed by Greg Bodden — LPT Realty, LLC

Listing Details

Status Active Under Contract
MLS # 260004858
Days on Market 15
Price/Sq Ft $275

Property History

Apr 22, 2026
Listed for sale
$694,500
Current
Pending
$694,500
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,530
Lot Size 1.36 acres
Stories 2
Year Built 1978
Property Type Single Family Residence
Subdivision Pleasant Valley Estates 2
APN 045-341-06
Parking
Garage Spaces 2
Total Parking 6
Parking Features Additional Parking, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Dog Run, Rain Gutters
Lot Features Sloped Down
View Desert, Meadow, Mountain(s), Ski Resort, Valley
Construction Stone Veneer
Roof Asphalt
Foundation Crawl Space
Utilities & Systems
Heating Baseboard, Fireplace(s), Heat Pump, Hot Water, Oil
Cooling Evaporative Cooling, Heat Pump
Financial
Annual Tax $2,459
Schools
Elementary School Pleasant Valley
Middle School Marce Herz
High School Galena
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($138,900)
Home price
$694,500
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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