$849,000 Active Under Contract
4540 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
·
2,568 Sq Ft

About This Property

Experience exceptional Northern Nevada living in this beautifully positioned single-level residence in the esteemed Highlands at East Cimarron community of Sparks. Offering 2568 sq ft of thoughtfully designed living space, this 4 bedroom, 3 bath home sits on an expansive .38 acre lot and captures sweeping, unobstructed views across the entire valley and surrounding cityscape. Inside the home offers a warm and inviting blend of comfort and timeless finishes, including slab granite countertops and raised maple cabinetry accented with elegant glass insets.The Highlands at East Cimarron is distinguished by its collection of single-level only homes, creating an open, spacious setting where the views remain protected and uninterrupted. From this exceptional homesite, the Nevada landscape stretches for miles, providing a remarkable backdrop from both the home and outdoor living areas. A standout feature is the nearly 1000 sq ft four car garage, offering exceptional space for vehicles, recreational toys, storage, or a workshop. The outdoor living is equally inviting, with hot tub hook ups and a beautiful water feature creating the opportunity for a private retreat while taking in the expansive Nevada vistas. With its desirable single-story floor plan, generous lot, extraordinary garage capacity and some of the most impressive views in the area, this home offers a rare combination of comfort, functionality, privacy and location. A truly special opportunity to enjoy elevated living in one of Sparks' sought-after communities.

Listed by Susan Peak — Haute Properties NV

Listing Details

Status Active Under Contract
MLS # 260011149
Days on Market 9
Price/Sq Ft $331

Property History

Aug 28, 2026
Listed for sale
$849,000
Aug 31, 2026
Pending
$849,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,568
Lot Size 0.38 acres
Stories 1
Year Built 2006
Property Type Single Family Residence
Subdivision Upper Highlands At Cimarron East Phase 2
STR Jurisdiction Washoe County
APN 527-102-08
Parking
Garage Spaces 4
Total Parking 8
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Golf Course, Mountain(s), Valley
Construction Insulation - Batts, Insulation - Blown-In, Stone Veneer, Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $5,480
HOA Fee $145 / Quarterly
HOA / Community Highlands at East Cimarron
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 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% ($169,800)
Home price
$849,000
Loan details
30-yr fixed, 6.5%
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