$1,550,000 Active Under Contract
350 Yellow Pine Road
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
3,261 Sq Ft

About This Property

Set on a private 1.04-acre lot in Galena Forest, this beautifully updated 3,261 sq ft home offers the perfect blend of comfort, space, and mountain living. The property features four bedrooms, three bathrooms, a spacious game room, and a dedicated office—ideal for both everyday living and entertaining. Numerous upgrades enhance the home's value and style, including a new roof (2022) and updated HVAC system (2023). Inside, you'll find stunning hickory hardwood and Italian ceramic tile flooring throughout. The kitchen, remodeled in 2018, showcases high-end appliances, a dual-source range, and a premium Sub-Zero refrigerator. Step outside to enjoy the inviting backyard patio—perfect for relaxing or hosting gatherings in a peaceful, wooded setting. Located just minutes from outdoor recreation and city conveniences, you're a short drive from skiing at Mt. Rose Ski Tahoe, the shores of Lake Tahoe, and travel via Reno-Tahoe International Airport. With too many upgrades to list, a full features sheet is available upon request. This is a must-see opportunity for anyone considering life in Galena Forest.

Listed by Richard Keillor — Coldwell Banker Select Mt Rose

Listing Details

Status Active Under Contract
MLS # 260004597
Days on Market 23
Price/Sq Ft $475

Property History

Apr 16, 2026
Listed for sale
$1,550,000
Current
Pending
$1,550,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,261
Lot Size 1.04 acres
Stories 2
Year Built 1991
Property Type Single Family Residence
Subdivision Galena Forest Estates 1
APN 047-071-11
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit
Lot Features Flag Lot, Gentle Sloping, Landscaped, Sprinklers In Front, Wooded
View Trees/Woods
Construction Stone
Roof Pitched, Tile
Foundation Concrete Perimeter, Crawl Space, Full Perimeter
Utilities & Systems
Heating Forced Air, Propane
Cooling Central Air
Financial
Annual Tax $4,721
HOA Fee $275 / Annually
HOA / Community Galena Forest Unit #1
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
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 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% ($310,000)
Home price
$1,550,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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