$465,000 Active
6143 Falabella Way #21
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

Premier 0.28-Acre Lot with architectural review board-approved building plans at Rancharrah. Build your dream home on this exceptional homesite, ideally located in the heart of the prestigious Lariat Village at Rancharrah. Just steps from the vibrant Village at Rancharrah and a short stroll to state-of-the-art amenities at The Club at Rancharrah. This lot offers both convenience and luxury. Residents enjoy a refined, active lifestyle with access to upscale amenities including a bar and restaurant, spa and nail salon, a three-level fitness center, and separate men's and women's locker rooms. Outdoor recreation abounds with walking and biking trails, a resort-style pool and hot tub, pickleball and bocce ball courts, and beautifully maintained open spaces. The community also features versatile venues for hosting meetings and private events, as well as a calendar of special events for residents to enjoy. This thoughtfully situated lot offers the opportunity to create a warm and inviting home with personalized outdoor living areas—all within one of Reno's most desirable gated communities.

Listed by Daniel Shumaker — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 250052354
Days on Market 340

Property History

Jun 30, 2025
Listed for sale
$465,000
Property Overview
Lot Size 0.28 acres
Property Type Land
Subdivision Rancharrah Villages 1,2,& 3
STR Jurisdiction Washoe County
APN 226-082-05
Exterior & Lot
Lot Features Level, Corners Marked
View Mountain(s)
Financial
Annual Tax $5,272
HOA Fee $210
HOA / Community Rancharrah Community Association
Schools
Elementary School Huffaker
Middle School Pine
High School Galena
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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% ($93,000)
Home price
$465,000
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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