$515,000 Active
4029 Little Valley Road
Reno, NV 89508
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,996 Sq Ft

About This Property

Welcome to this exceptional 3-bedroom, 2-bathroom home nestled on a prime corner lot in Cold Springs, where open skies and mountain views set the backdrop for everyday living. With only one neighboring property, this home offers a sense of space and privacy that is hard to find. The current owners made a lasting investment in this home by adding a custom-built sunroom — a true bonus room designed from the ground up to accommodate a hot tub, with all hookups still in place and ready for your spa. Versatile and light-filled, this space has served as a TV room, quilting studio, and personal gym, making it one of the most flexible rooms in the house. Whatever your lifestyle calls for, this room delivers. The 2-car garage provides ample covered parking, while gated side yard access offers convenient storage for your RV, boat, or other recreational vehicles — no offsite storage needed. Whether you're an outdoor enthusiast or simply appreciate having room to breathe, this property checks every box. Step outside after dark and discover one of Cold Springs' best-kept secrets: low light pollution that reveals a stunning canopy of stars. It's the kind of nightly view that reminds you why you chose this community.

Listed by Annette Junell — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 260006600
Price/Sq Ft $258

Property History

May 23, 2026
Listed for sale
$515,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,996
Lot Size 0.31 acres
Stories 1
Year Built 2004
Property Type Single Family Residence
Subdivision Peavine View Estates 8
APN 556-232-04
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Multiple Entry Flat or Ramped, Rain Gutters
Lot Features Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Desert, Mountain(s)
Construction Stucco
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,253
HOA Fee $25 / Monthly
HOA / Community White Lake Ranch Association
Schools
Elementary School Cold Springs
Middle School OBrien
High School North Valleys
HOA & Community
Community Amenities Landscaping
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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% ($103,000)
Home price
$515,000
Loan details
30-yr fixed, 6.5%
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