$515,000 Active
7405 Mystic Vly Drive
Reno, NV 89506
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,503 Sq Ft

About This Property

Welcome to 7405 Mystic Valley Drive in Lemon Valley, an inviting single-story home on an oversized corner lot offering modern design, open living space, and comfortable everyday functionality. This 3-bedroom, 2-bath home features a bright open-concept layout that seamlessly connects the kitchen, dining, and living areas, ideal for both entertaining and daily living. The spacious kitchen serves as the heart of the home, complete with a large island, sleek countertops, stainless steel appliances, generous cabinetry, and bar seating that flows naturally into the dining and living areas. Natural light fills the home through multiple windows, highlighting the clean finishes and creating a warm, welcoming atmosphere. The primary suite provides a private retreat with ample space, dual vanities, and a large walk-in shower. Two additional bedrooms offer flexibility for guests, a home office, or hobbies. Step outside to a fully fenced backyard with room to relax, garden, or create your ideal outdoor entertaining space. Located in the peaceful Lemon Valley area, this home offers convenient access to nearby parks, shopping, and freeway connections while maintaining the quiet feel of Northern Nevada living. This 1-year-old home is better than new with window treatments, a new barn door in the primary bathroom, and a fully landscaped backyard!

Listed by Michael Zeno — RE/MAX Professionals-Reno

Listing Details

Status Active
MLS # 260002496
Days on Market 62
Price/Sq Ft $343

Property History

Mar 06, 2026
Listed for sale
$515,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,503
Lot Size 0.15 acres
Stories 1
Year Built 2024
Property Type Single Family Residence
Subdivision Arroyo Crossing Phase 1
APN 550-672-01
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
Construction Insulation - Batts, Stucco
Roof Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
Cooling Central Air, ENERGY STAR Qualified Equipment
Financial
Annual Tax $4,351
HOA Fee $68 / Monthly
HOA / Community The Management Trust
Schools
Elementary School Lemmon Valley
Middle School OBrien
High School North Valleys
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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($103,000)
Home price
$515,000
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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