$550,000 Active Under Contract
295 Circle Drive
Reno, NV 89509
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,475 Sq Ft

About This Property

Nestled in the highly sought-after Old Southwest neighborhood, this charming single-level home offers timeless character and endless possibilities. Surrounded by mature trees and established landscaping, the property features inviting patio spaces in both the front and back yards—perfect for relaxing, entertaining, or enjoying the peaceful setting. Inside, you'll find a functional galley-style kitchen, separate living and family rooms for flexible everyday living, and a finished basement that opens the door to your imagination. Whether used as an additional bedroom, craft room, wine room, home office, or hobby space, the options are endless. A rare opportunity to own in one of the area's most desirable neighborhoods with charm, versatility, and room to make it your own.

Listed by Shelly Walters — Coldwell Banker Select Reno

Listing Details

Status Active Under Contract
MLS # 260006254
Price/Sq Ft $373

Property History

May 18, 2026
Listed for sale
$550,000
Current
Pending
$550,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,475
Lot Size 0.17 acres
Stories 1
Year Built 1947
Property Type Single Family Residence
Subdivision Manor Heath
APN 010-274-16
Parking
Total Parking 2
Parking Features None
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Corner Lot, Landscaped, Level
View Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Crawl Space, Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Wall/Window Unit(s)
Financial
Annual Tax $1,252
Schools
Elementary School Beck
Middle School Swope
High School Reno
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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% ($110,000)
Home price
$550,000
Loan details
30-yr fixed, 6.5%
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