$269,000 Active
255 N Sierra Street #UNIT 517
Reno, NV 89501

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STR Status Unknown
1.0 Baths
·
512 Sq Ft

Our data on this home

About This Property

In the heart of downtown, The Montage offers contemporary living at its finest. This high rise features breathtaking views, private gardens, a 17,000SF rooftop pool/spa/BBQ/terrace, secure underground parking, storage, 24/7 security, an indoor pet station, bike garage, owner's lounge, a full gym, most utilities, and much more! And due to the size of this unit, it's all included in one of the lowest HOA dues in the complex! Featuring high ceilings, this patio unit also boasts increased privacy from neighbors' windows and balconies, unlike many in the building. Move-in or rent ready. (All appliances are included and furnishings negotiable.) The rooftop terrace area, which boasts a large sparkling pool, 2 hot tubs, built in gas bbqs, private gazebos and an indoor kitchen area, is currently undergoing a full upgrade and rebuild. HOA includes water, sewer, and trash. Owner only pays electric for heating/cooling (her highest utility bill was under 20 dollars). Don't wait to take advantage of all the amenities that The Montage has to offer for a significantly lower cost of ownership than the nearly every other unit in this resort like downtown complex.

Listed by Mitch Hyett — Ferrari-Lund Real Estate Reno

Listing Details

Status Active
MLS # 260000798
Days on Market 48
Price/Sq Ft $525

Property History

Sep 24, 2026
Listed for sale
$250,000
Oct 06, 2026
Price reduced
$269,000 $275,000 ↓ $6,000
Property Overview
Baths 1.0
Sq. Ft. 512
Lot Size 0.01 acres
Stories 1
Year Built 1978
Property Type Condominium
Subdivision The Montage Phase 1
APN 011-592-08
Parking
Garage Spaces 1
Total Parking 1
Parking Features Permit Required, Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Multiple Entry Flat or Ramped
Lot Features Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Park/Greenbelt
Construction Stucco
Roof Flat
Foundation Slab
Pool & Spa
Pool Heated, In Ground, Outdoor Pool, See Remarks
Utilities & Systems
Heating Forced Air, Heat Pump
Cooling Central Air, Heat Pump
Financial
Annual Tax $1,365
HOA Fee $365 / Monthly
HOA / Community The Montage HOA
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Barbecue, Clubhouse, Elevator(s), Fitness Center, Gated, Landscaping, Management, Parking, Pool, Recreation Room, Security, Spa/Hot Tub, Storage
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Home Insurance Estimate

Standard homeowners policy for this home

$500 – $800/yr
about $54/mo
Est. Rebuild Cost (Coverage A)
$153,600

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$1,893 per month
Principal & interest
$1,360/mo
Property taxes
$114/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$365/mo
From MLS listing data.
Home insurance
$54/mo
Estimated ~$500–$800/yr — get a local broker quote for accuracy.
Down payment
20% ($53,800)
Home price
$269,000
Loan details
30-yr fixed, 6.5%
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