$489,900 $499,000 ↓ $9,100 reduced Active
1188 Serena Springs Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,463 Sq Ft

About This Property

Welcome to 1188 Serena Springs Drive! This single-story Sparks home offers 3 bedrooms, 2 bathrooms, and 1,463 sq. ft. of comfortable living space with a functional, open layout. The kitchen features an island/breakfast bar and opens to the main living area, making the space great for everyday living and entertaining. The spacious primary bedroom includes a walk-in closet, and a separate laundry room provides additional storage and convenience. Outside, enjoy established front and backyard landscaping along with a large patio ready for relaxing or entertaining. Conveniently located near shopping and everyday amenities, this home offers a great opportunity for a first-time homebuyer, someone looking to downsize, or an investor looking to add to their portfolio. With a little personal touch, there's plenty of opportunity to make this home your own. Some Photos have been virtually staged and/or digitally enhanced using AI to illustrate the potential use and design of the space. Images may include conceptual furnishings, decor, or cosmetic updates that are not currently present in the home. Seller offering up to 5,000 in concessions with an acceptable offer.

Listed by Kara Cunningham — eXp Realty LLC

Listing Details

Status Active
MLS # 260011158
Days on Market 16
Price/Sq Ft $335

Property History

Aug 28, 2026
Listed for sale
$499,000
Sep 07, 2026
Price reduced
$489,900 $499,000 ↓ $9,100
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,463
Lot Size 0.14 acres
Stories 1
Year Built 2004
Property Type Single Family Residence
Subdivision Tierra Del Sol Phase 1
STR Jurisdiction Washoe County
APN 528-101-46
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction Stucco
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,976
HOA Fee $170 / Quarterly
HOA / Community Serena Springs HOA
Schools
Elementary School Spanish Springs
Middle School Shaw Middle School
High School Spanish Springs
HOA & Community
Community Amenities None
📊

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% ($97,980)
Home price
$489,900
Loan details
30-yr fixed, 6.5%
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