$869,900 Active
4484 Cobra 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
·
3.0 Baths
·
2,540 Sq Ft

About This Property

Located in the prestigious Highlands at Cimarron East in Spanish Springs, this beautifully maintained single-story home offers the perfect blend of comfort, privacy, and elevated Northern Nevada living. Situated on a spacious landscaped lot, the property captures sweeping mountain and valley views while providing a peaceful, park-like setting. Inside, the highly desirable split-bedroom floor plan features 4 bedrooms plus a den, 3 full bathrooms, and over 2,500 square feet of thoughtfully designed living space. Expansive living and dining areas are complemented by a large family room, creating an ideal layout for both entertaining and everyday living. The kitchen is equipped with spacious countertops, double ovens, pull-out cabinetry, and generous prep space for the home chef. The outdoor spaces are equally impressive, with charming paver walkways surrounding the home, a private enclosed front courtyard, covered rear patio, above ground hot tub and beautifully manicured landscaping that creates a true backyard retreat. Additional highlights include plantation shutters, high ceilings, a 3-car garage, custom storage shed, and gated side-yard access. Located in one of Sparks' most sought-after neighborhoods, this exceptional home combines timeless design, stunning surroundings, and pride of ownership throughout.

Listed by Lindsay Clarke — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260006768
Price/Sq Ft $342

Property History

May 28, 2026
Listed for sale
$869,900
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,540
Lot Size 0.33 acres
Stories 1
Year Built 2004
Property Type Single Family Residence
Subdivision The Highlands At Cimarron East Phase 3
STR Jurisdiction Washoe County
APN 084-523-01
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Common Area, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Valley
Construction Frame, Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,977
HOA Fee $145 / Quarterly
HOA / Community Highlands at Cimarron East
Schools
Elementary School Spanish Springs
Middle School Shaw Middle School
High School Spanish Springs
HOA & Community
Community Amenities None
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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 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% ($173,980)
Home price
$869,900
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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