$1,319,000 Active
2978 Saddle Peak Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.5 Baths
·
2,836 Sq Ft
Virtual Tour

About This Property

Tucked behind the exclusive gates of Ridgeline at Caramella Ranch in South Reno, this contemporary masterpiece perfectly balances high-end design with everyday comfort. The moment you enter, soaring ceilings and a sprawling great room create an immediate sense of grandeur and openness. The chef's kitchen serves as the home's heart, featuring professional-grade appliances, including a Wolf gas cooktop, hood, oven, and convection microwave, plus a high end SKS refrigerator and Cove dishwasher. Sleek Urban Effects cabinetry and massive dual islands provide the ultimate setup for large-scale entertaining or casual cooking. A convenient pass-through window leads directly to a private, covered eat-in patio for seamless indoor-outdoor living. The great room area is anchored by a massive sliding glass wall that floods the space with natural light. Step outside to a private backyard sanctuary featuring a custom paver patio, low-maintenance landscaping, and privacy trees. With no rear neighbors, the property backs to a quiet common area, offering a rare level of seclusion. The primary suite is spacious, has direct patio access, and features a spa-inspired ensuite with a walk-in shower and dual vanities. Two additional bedrooms feature upgraded wood flooring, while a versatile, oversized office/den offers the perfect footprint for a home office, media room, or quiet library. Residents enjoy exclusive access to the private clubhouse and resort-style pool. Located just minutes from Mt. Rose recreation, luxury shopping, and I-395, this home offers the perfect blend of quiet luxury and urban convenience. Some photos have been virtually staged.

Listed by The Dees Group — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260003458
Days on Market 44
Price/Sq Ft $465

Property History

May 13, 2026
Listed for sale
$1,319,000
Property Overview
Beds 3
Baths 3.5
Sq. Ft. 2,836
Lot Size 0.19 acres
Stories 1
Year Built 2022
Property Type Single Family Residence
Subdivision Caramella Ranch Estates Village
APN 143-241-18
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Artificial Turf, Common Area, Gentle Sloping, Landscaped
Construction Stone Veneer, Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,938
HOA Fee $250 / Monthly
HOA / Community Ridgeview Caramella Ranch
Schools
Elementary School Brown
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Gated, Pool
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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% ($263,800)
Home price
$1,319,000
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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