$3,899,000 Active
3525 Gibraltar 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
·
4.5 Baths
·
4,992 Sq Ft

About This Property

Brand new luxury home currently under construction, crafted with exceptional quality and thoughtful design throughout. This spacious residence offers 4 bedrooms, 4.5 bathrooms, a 3 car garage, a dedicated office, game room, bonus room, breakfast nook, breakfast bar, formal dining room, and a butler's pantry—providing an ideal blend of comfort, function, and sophistication. The homesite offers exceptional privacy with only side neighbors and open space behind the property, creating a peaceful, unobstructed setting. Personalize your home with premium finish selections, including hardwood and marble flooring, custom cabinetry, and granite countertops. The gourmet kitchen features top of the line Thermador appliances, while elegant metal stair railings and an in home elevator elevate the overall experience. Modern living is enhanced with a Lutron smart home system, pre wiring for electric blinds, audio, and video, plus a backup generator for added peace of mind. The primary suite includes heated flooring in the shower, and the home is equipped with a tankless water heater, air conditioning, and smart programmable garage door openers. The garage is finished with epoxy coated floors. Outdoor living shines with a paver driveway, covered paver patio, hot tub, outdoor kitchen, and firepit, with an optional pickleball court available. The property comes fully landscaped with fencing and a complete drip/sprinkler irrigation system. Approximate completion date this fall. Taxes listed are based on land only, to be re-accessed after construction.

Listed by Lisa Niles — Lakeshore Realty

Listing Details

Status Active
MLS # 260001985
Days on Market 74
Price/Sq Ft $781

Property History

Feb 23, 2026
Listed for sale
$3,899,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,992
Lot Size 0.25 acres
Stories 3
Year Built 2026
Property Type Single Family Residence
Subdivision Skyline Crest 1
APN 023-361-03
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Fire Pit, Outdoor Kitchen
Lot Features Sloped Up, Sprinklers In Front, Sprinklers In Rear
Construction Stucco
Roof Tile
Foundation Crawl Space
Utilities & Systems
Heating Natural Gas
Cooling Central Air
Financial
Annual Tax $111
Schools
Elementary School Caughlin Ranch
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% ($779,800)
Home price
$3,899,000
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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