$520,000 Active
198 Desert Rose Drive
Spanish Springs, NV 89441
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
1,810 Sq Ft

About This Property

Opportunity awaits in Spanish Springs! Situated on a spacious lot with no HOA, this home is ready for someone to bring their vision to life. The property features two primary bedrooms, including one with an attached sunroom perfect for a home office, gym, reading nook or peaceful space to unwind. With much of the home in its original condition, there is plenty of opportunity to update and make it your own. Outside, mature trees and lush landscaping create a peaceful backyard setting with room for gardens, entertaining or your own private oasis. Enjoy nearby trails and outdoor recreation while still being conveniently located near shopping, dining and everyday amenities. With a large lot, no HOA and possibilities inside and out, this Spanish Springs property is ready for its next chapter.

Listed by Megan Lowe — Chase International-Damonte

Listing Details

Status Active
MLS # 260010766
Price/Sq Ft $287

Property History

Aug 20, 2026
Listed for sale
$520,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,810
Lot Size 0.36 acres
Stories 1
Year Built 1992
Property Type Single Family Residence
Subdivision Pyramid Ranch Estates 5A
STR Jurisdiction Washoe County
APN 089-402-03
Parking
Garage Spaces 3
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Level
Construction Frame
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $2,281
Schools
Elementary School Taylor
Middle School Shaw Middle School
High School Spanish Springs
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($104,000)
Home price
$520,000
Loan details
30-yr fixed, 6.5%
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