$3,500,000 Active
3387 Nambe Drive
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
3.5 Baths
·
5,338 Sq Ft

About This Property

This is a property you buy for the setting first—and then make your own over time. Arrowcreek Luxury Living - 3387 Nambe Drive Set on one of Arrowcreek's most beautiful streets, 3387 Nambe Drive is a rare single-level luxury home that captures everything people love about life in Reno's premier gated golf community. Designed for both everyday comfort and elegant entertaining, it offers seamless indoor-outdoor living and sweeping 180-degree views of Reno, and sparkling city lights. Arrowcreek is about lifestyle—golf, fitness, pickleball, social gatherings, and time spent in a true community. Residents enjoy resort-style amenities including pools, a fitness center, tennis and pickleball courts, walking trails, and 24-hour security—all minutes from home. Nambe Drive is especially sought after for its privacy and proximity to the gate, club, and town. Open space behind and a protected meadow in front frame the home in tranquility, while the wrap-around deck captures one of Reno's most spectacular panoramas. Custom-built by Steve Miles, this home reflects craftsmanship and attention to detail rarely seen today. Solid wood doors, wood-framed windows, geothermal heating, dual HVAC systems, and refined finishes define its timeless character. The kitchen with built-in dining and butler's pantry opens to bright living areas and multiple outdoor spaces, including three distinct landscaped yards ideal for gatherings or quiet retreat. The primary suite offers a private wet bar, mini-fridge, and microwave, while the opposite wing features guest rooms, a home office, and a steam shower. A 1,544 sq. ft. five-car tandem garage, 1,110 sq. ft. finished walk-out basement, full-home water purification, and central vacuum complete the package. To recreate a home of this quality and design on a comparable Arrowcreek lot today would likely exceed 7 million, not counting years of planning. 3387 Nambe Drive delivers that level of craftsmanship and serenity—ready to enjoy now in one of Reno's most prestigious gated communities.

Listed by Kate Leddy-Tate — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250051362
Days on Market 332
Price/Sq Ft $656

Property History

Jun 12, 2025
Listed for sale
$3,500,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 5,338
Lot Size 1.37 acres
Stories 1
Year Built 2001
Property Type Single Family Residence
Subdivision Arrowcreek 11
APN 152-220-21
Parking
Garage Spaces 5
Total Parking 8
Parking Features Attached, Garage, Garage Door Opener, Parking Pad, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Multiple Entry Flat or Ramped, Outdoor Kitchen, Rain Gutters
Lot Features Adjoins BLM/BIA Land, Gentle Sloping, Landscaped, Rolling Slope, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View City, Desert, Mountain(s), Valley
Construction Insulation - Batts, Block, Concrete, Stucco
Roof Pitched, Tile
Foundation Raised, Slab
Utilities & Systems
Heating Electric, Fireplace(s), Forced Air, Geothermal, Heat Pump
Cooling Central Air
Financial
Annual Tax $12,150
HOA Fee $389 / Monthly
HOA / Community Association Sierra North
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Landscaping, Parking, Pool, Security, Spa/Hot Tub, Tennis Court(s)
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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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($700,000)
Home price
$3,500,000
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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