$615,000 Active Under Contract
1281 Satellite Drive
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.0 Baths
·
1,848 Sq Ft

About This Property

This move-in ready 4-bedroom, 2-bathroom home sits on 0.41 acres, one of the largest lots in the neighborhood, offering a level of outdoor space that is highly sought after in the City of Sparks. Inside, the kitchen features quartz countertops and makes for a comfortable space for everyday cooking and entertaining. The main living areas are finished with luxury vinyl plank flooring, with tile in the wet areas, giving the home an updated look throughout. Upgraded dual pane windows bring in an abundance of natural light while keeping energy costs down year-round. The backyard offers sweeping mountain views with no rear neighbors, giving the outdoor space a sense of openness and privacy that is hard to put a price on. For those who need room for vehicles, hobbies, or projects, the attached 3-car garage and detached garage with workshop are standout features. Two additional storage sheds provide even more flexibility for tools, hobbies, or extra storage. Additionally, a chicken coop, garden beds, and greenhouse are already in place, making this property an ideal fit for anyone interested in backyard farming or year-round growing. Don't miss your opportunity to own a home with the feel of a homestead in a truly convenient location. Schedule your showing today.

Listed by Yvette Hamacek — Coldwell Banker Select Reno

Listing Details

Status Active Under Contract
MLS # 260004884
Days on Market 15
Price/Sq Ft $333

Property History

Apr 22, 2026
Listed for sale
$615,000
Current
Pending
$615,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,848
Lot Size 0.41 acres
Stories 1
Year Built 1987
Property Type Single Family Residence
Subdivision Satellite Hills 1
APN 035-440-09
Parking
Garage Spaces 4
Total Parking 6
Parking Features Attached, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Sloped Down
View Mountain(s)
Construction Stone Veneer
Roof Composition, Pitched, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,483
Schools
Elementary School Whitehead
Middle School Mendive
High School Reed
📊

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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