$525,000 Active
50 N Sierra Street #STE 909
Reno, NV 89501
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,190 Sq Ft
Virtual Tour

About This Property

Experience upscale urban living in this exquisite 2-bedroom, 2-bath condo at The Palladio, ideally positioned to capture breathtaking south-facing views of the Truckee River, the pool and spa deck, and the expansive Nevada sky and mountains, all from the comfort of your home and private balcony. This spacious residence features an open-concept living area with floor-to-ceiling windows that capture the stunning views and provide abundance of natural light. The large, modern kitchen boasts granite countertops, stainless steel appliances, maple cabinetry, and a tucked-away laundry area with stacked washer/dryer. Just off the living room, a versatile secondary bedroom with dual entrances offers the ideal setup for a guest room, office, or den. It includes its own direct access to the balcony, and is just across from one of the full bathrooms. The primary suite features a large bedroom, sizable walk-in closet, and a spa-inspired bathroom with dual vanities, jetted soaking tub, and separate, tiled shower. Upgrades include brand new carpet and interior paint throughout, as well as a new, custom barn door. Be sure to check out the immersive 3D tour! Enjoy a low-maintenance lifestyle with HOA dues that cover sewer, water, trash, and gas service, along with access to the fantastic pool and spa! The unit also includes one assigned, deeded parking space in the secure building garage and 2 storage lockers. Full professional cleaning just completed. Built in 2006, The Palladio offers modern design, secure living, and unbeatable access to the best of downtown Reno: local dining, cafés, art galleries, and music venues are all just steps away. This exceptional home is priced to sell and won't last long - schedule your private tour today!

Listed by Alicia Gardner — Redfin

Listing Details

Status Active
MLS # 250056123
Days on Market 240
Price/Sq Ft $441

Property History

Sep 19, 2025
Listed for sale
$525,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,190
Lot Size 0.03 acres
Stories 1
Year Built 2006
Property Type Condominium
Subdivision The Palladio
APN 011-529-09
Parking
Garage Spaces 1
Total Parking 1
Parking Features Attached, Garage, Garage Door Opener, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Level
View City, Mountain(s)
Construction Stucco
Roof Metal, Pitched
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,569
HOA Fee $832 / Monthly
HOA / Community Palladio Condominium Association
Schools
Elementary School Hunter Lake
Middle School Swope
High School Reno
HOA & Community
Community Amenities Elevator(s), Pool, Security, Spa/Hot Tub
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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% ($105,000)
Home price
$525,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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