$1,575,000 Active
55 Margarita Court
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
4,937 Sq Ft

About This Property

Located on a quiet cul-de-sac in sought-after Fieldcreek Ranch, this spacious 4-bedroom, 3.5-bath custom home offers 4,937 sq. ft. of light-filled living space in one of South Reno's most established communities. Set among mature landscaping (.61acres) near the Sierra foothills and Wolf Run Golf Course, the home combines privacy and a peaceful setting with convenient access to shopping, dining, and world class outdoor activities. The bright, open floor plan features a beautifully remodeled kitchen completed in 2024 and a sunny breakfast room overlooking the park-like backyard. The spacious primary suite is a private retreat with a large walk-in closet and spa-inspired bath featuring heated floors and a jetted tub. The lower level offers exceptional flexibility with a large family room, two bedrooms, full bath, wet bar and an oversized bonus room that could accommodate a variety of uses—or potentially provide additional bedroom space. Outdoor living is equally inviting, with a large upper deck and custom awning, a lower patio with direct backyard access, and mature landscaping that creates a wonderfully private setting. Additional highlights include a new roof in 2024. The space, setting and versatility makes Fieldcreek Ranch an amazing South Reno neighborhood.

Listed by Cathy Lancaster — Dickson Realty - Damonte Ranch

Listing Details

Status Active
MLS # 260010484
Days on Market 1
Price/Sq Ft $319

Property History

Aug 13, 2026
Listed for sale
$1,575,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 4,937
Lot Size 0.61 acres
Stories 2
Year Built 1992
Property Type Single Family Residence
Subdivision Fieldcreek Ranch 4
STR Jurisdiction Washoe County
APN 049-321-04
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level, Sprinklers In Front, Sprinklers In Rear
Construction Stone Veneer, Stucco
Roof Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,131
HOA Fee $165 / Semi-Annually
HOA / Community Fieldcreek Ranch HOA
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
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% ($315,000)
Home price
$1,575,000
Loan details
30-yr fixed, 6.5%
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