$489,000
Active
7553 Water View Way
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2
Beds
·
2.0
Baths
·
1,049
Sq Ft
About This Property
Don't miss this rare opportunity to own a corner lot, single family home under $500,000 in this desirable Reno zip code! This charming 2 bedroom, 2 bathroom home offers 1,049 sqft of comfortable living space, plus a versatile enclosed sunroom that's perfect for a home office, hobby room, reading nook, or additional living area. Conveniently located just minutes from Crystal Lake Park, shopping, dining, and easy freeway access, this home combines everyday convenience with exceptional value. Whether you're a first time homebuyer, downsizing, or looking for a smart investment, this is an opportunity you won't want to miss.
Listed by Jieli Mao — Ferrari-Lund Real Estate South
Listing Details
Status
Active
MLS #
260010154
Price/Sq Ft
$466
Property History
Aug 06, 2026
Listed for sale
$489,000
Property Overview
Beds
2
Baths
2.0
Sq. Ft.
1,049
Lot Size
0.06 acres
Stories
1
Year Built
1993
Property Type
Single Family Residence
Subdivision
Country Estates 2
STR Jurisdiction
Washoe County
APN
043-271-07
Parking
Garage Spaces
2
Total Parking
2
Parking Features
Garage, Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Exterior Features
Rain Gutters
Lot Features
Common Area, Corner Lot, Gentle Sloping, Level, Sprinklers In Front
View
Mountain(s)
Construction
Frame
Roof
Shingle
Foundation
Crawl Space
Utilities & Systems
Heating
Natural Gas
Cooling
Central Air
Financial
Annual Tax
$1,929
HOA Fee
$95 / Monthly
HOA / Community
Southwest Meadows
Schools
Elementary School
Huffaker
Middle School
Pine
High School
Reno
HOA & Community
Community Amenities
Parking
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% ($97,800)
Home price
$489,000
Loan details
30-yr fixed, 6.5%
