$539,900 Active
2348 Sapphire Ridge Way
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
1,520 Sq Ft

About This Property

Ready for new owners! This well-maintained home offers a comfortable blend of casual and formal living spaces along with several recent updates, including fresh exterior paint, a newer furnace and air conditioning system, upgraded appliances, newer carpet, easy-care luxury vinyl plank flooring and plantation shutters. Refrigerator, washer and dryer are included! Popular floorplan features a bright and inviting living room with plenty of windows for natural light, plus a cozy family room accented by a gas fireplace—perfect for relaxing or entertaining. Upstairs, you'll find a spacious primary suite, two additional bedrooms, a full guest bathroom and a conveniently located laundry room. A powder room on the main level is ideal for guests. Step outside to a low-maintenance, xeriscaped backyard featuring an oversized patio that's perfect for summer BBQs or relaxing with a cold drink with friends. the backyard offers an added sense of privacy with open space behind the home and no rear neighbors. The two-car garage provides plenty of room for vehicles and recreational equipment and includes a newer garage door opener. Conveniently located near hiking and biking trails, the Washoe County Library, desirable schools, restaurants and shopping, with easy access to seasonal events throughout Reno-Sparks and year-round recreation at Lake Tahoe.

Listed by Jack Cote — RE/MAX Gold

Listing Details

Status Active
MLS # 260010941
Price/Sq Ft $355

Property History

Aug 23, 2026
Listed for sale
$539,900
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,520
Lot Size 0.11 acres
Stories 2
Year Built 2003
Property Type Single Family Residence
Subdivision Sapphire Ridge Phase 2
STR Jurisdiction Washoe County
APN 204-632-08
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters, None
Lot Features Landscaped, Level, Sprinklers In Front
View Desert, Mountain(s)
Construction Masonite
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $3,374
HOA Fee $25 / Monthly
HOA / Community Sapphire Ridge
Schools
Elementary School Melton
Middle School Billinghurst
High School McQueen
HOA & Community
Community Amenities None
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($107,980)
Home price
$539,900
Loan details
30-yr fixed, 6.5%
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