$485,000 Active
518 Northstar Drive
Reno, NV 89503
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,336 Sq Ft

About This Property

The updates will catch your eye. The lot is what you'll remember. 518 Northstar Drive offers a combination that's becoming harder to find—a move-in ready home with extensive updates, exceptional privacy, room for your vehicles and toys, and no HOA restrictions. Inside, the home has been refreshed throughout with new interior paint, luxury vinyl plank flooring, updated lighting, and modern finishes. The kitchen opens directly to the living room and features stone countertops, a large island, updated cabinet and drawer fronts, matte black hardware, a touch-free smart faucet, and stainless steel appliances. A wood-burning fireplace with a new mantel anchors the main living space, creating a comfortable place to gather. One of the home's standout features is the fully enclosed sunroom. Surrounded by floor-to-ceiling windows, it adds valuable living space and offers a seamless connection to the backyard throughout the year. The updates continue into both bathrooms, where new vanities, mirrors, lighting, fixtures, and storage create a fresh, cohesive feel. The primary suite includes two closets, while the guest bedroom features a walk-in closet. Step outside and you'll understand what makes this property so special. Positioned on one of the best lots in the neighborhood, the backyard enjoys an unusual level of privacy with neighboring homes situated below. RV parking with a dedicated concrete pad and driveway apron is already in place, while additional concrete access runs from the street through a double-wide gate to the backyard, creating space for trailers, recreational vehicles, extra cars, or other equipment. A dog run and new dog door add even more functionality. For buyers looking for a home that offers more than just updated finishes, 518 Northstar Drive delivers privacy, flexibility, and everyday practicality in a package that's increasingly difficult to find.

Listed by Kylie Keenan — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260007086
Price/Sq Ft $363

Property History

Jun 04, 2026
Listed for sale
$485,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,336
Lot Size 0.17 acres
Stories 1
Year Built 1975
Property Type Single Family Residence
Subdivision Reno Heights
STR Jurisdiction Washoe County
APN 006-261-19
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 Dog Run, Rain Gutters
Lot Features Landscaped, Sprinklers In Front
View Mountain(s)
Roof Composition, Shingle
Foundation Crawl Space, Pillar/Post/Pier
Utilities & Systems
Heating Forced Air
Cooling Central Air
Financial
Annual Tax $1,736
Schools
Elementary School Elmcrest
Middle School Clayton
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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($97,000)
Home price
$485,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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