$1,139,000 $1,159,000 ↓ $20,000 reduced Active
3037 Desert Olive Drive
Reno, NV 89521

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STR Status Unknown
3 Beds
·
2.5 Baths
·
2,679 Sq Ft
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About This Property

This beautiful, well-maintained home offers an open floor plan for ease of living. As you approach the front door, the paver sitting area provides a great spot to look at the mountains to the east. Step into the foyer and on your right is the custom wall to wall bookcase with lower cabinets and floating shelves above for your treasures. One of the below cabinets has power so you store your printer there and it will be completely out of sight. The chefs kitchen has a large island, plenty of counter space and pull-out drawers. The expansive view of the mountains to the west and the sky can be seen from any window at the back of the house. In the living room, the decorative custom light provides ambience lighting for the area, and the glow of the fireplace makes for a comfortable and relaxing living space. The TV above the fireplace will be left in place for the new owners, as well as the TV in the primary bedroom. To the left side of the living room is a built-in bar for entertaining. The remote control window shades in the living room and dining room provide ease of use. All of the bedrooms have closets with built-in custom cabinets, shelves and rods. From the dining room, step out to the covered patio, and then an additional uncovered patio with a fire pit for viewing the mountains, and the stars and moon at night. The xeriscape back yard, with artificial turf provides ease of maintenance. Come to see this wonderful home where you can also enjoy the HOA amenities with a community building, a pool and hot tub for great fun!

Listed by Sue Armstrong — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260008911
Days on Market 98
Price/Sq Ft $425

Property History

Jul 12, 2026
Listed for sale
$1,159,000
Aug 21, 2026
Price reduced
$1,149,000 $1,159,000 ↓ $10,000
Oct 15, 2026
Price reduced
$1,139,000 $1,149,000 ↓ $10,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,679
Lot Size 0.17 acres
Stories 1
Year Built 2020
Property Type Single Family Residence
Subdivision Caramella Ranch Estates Village
APN 143-273-02
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Stucco
Roof Composition, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Financial
Annual Tax $7,135
HOA Fee $250 / Monthly
HOA / Community Ridgeline at Caramella Ranch Community
Schools
Elementary School Brown
Middle School Depoali
High School Damonte
HOA & Community
Community Amenities Barbecue, Clubhouse, Gated, Landscaping, Pool, Spa/Hot Tub
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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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PROJECTED GROSS ANNUAL REVENUE
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Home Insurance Estimate

Standard homeowners policy for this home

$3,800 – $5,600/yr
about $392/mo
Est. Rebuild Cost (Coverage A)
$1,125,180

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

$6,996 per month
Principal & interest
$5,759/mo
Property taxes
$595/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$250/mo
From MLS listing data.
Home insurance
$392/mo
Estimated ~$3,800–$5,600/yr — get a local broker quote for accuracy.
Down payment
20% ($227,800)
Home price
$1,139,000
Loan details
30-yr fixed, 6.5%
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