$470,000 $489,000 ↓ $19,000 reduced Active Under Contract
7553 Water View Way
Reno, NV 89511
STR Status Unknown
2 Beds
·
2.0 Baths
·
1,049 Sq Ft
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About This Property

Don't miss this rare opportunity to own a corner lot, one story, single family home under $500,000 in this desirable Reno neighborhood! 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. Recent updates include a new roof installed in 2025 and fresh interior paint. 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 Under Contract
MLS # 260010154
Days on Market 60
Price/Sq Ft $448

Property History

Aug 06, 2026
Listed for sale
$489,000
Aug 27, 2026
Price reduced
$470,000 $489,000 ↓ $19,000
Sep 19, 2026
Pending
$470,000
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
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
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Occupancy
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Cap Rate
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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

$2,787 per month
Principal & interest
$2,377/mo
Property taxes
$161/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$95/mo
From MLS listing data.
Home insurance
$154/mo
Estimated ~$1,500–$2,200/yr — get a local broker quote for accuracy.
Down payment
20% ($94,000)
Home price
$470,000
Loan details
30-yr fixed, 6.5%
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