$777,000 Active Under Contract
1599 Rio Grande Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
2,410 Sq Ft
Virtual Tour

About This Property

Move-in ready and located in the highly desirable gated community of Double Diamond! This spectacular corner-lot home offers single-level living with 3 bedrooms plus an office and a 3-car garage. Enjoy views of Mt. Rose and miles of community walking trails just steps from your front door. The backyard features an in-ground pool and hot tub, perfect for relaxing or entertaining. Recent updates include fresh interior paint, new carpet and pad, professionally cleaned tile, and a full professional home cleaning—making this property truly turn-key and ready for quick occupancy. Located just steps from miles of community trails and 3 community parks. Neighborhood in in close proximity to area sports complex, medical care, daily conveniences such as grocery, restaurants, coffee hubs, shopping and entertainment. If you're an outdoor enthusiast this home is a short 40-50 minute drive to Mt. Rose Ski resort, beautiful Incline Village and stunning Lake Tahoe. This location offers the best of ALL worlds - stunning mountain views without all the maintenance of heavy snow removal, community outdoor activities and access, nearby medical care and a "stones throw" from daily conveniences ... make time to see this spectacular home and don't wait to make it your own!

Listed by Rowe Real Estate Team — Keller Williams Group One Inc.

Listing Details

Status Active Under Contract
MLS # 260002625
Days on Market 62
Price/Sq Ft $322

Property History

Mar 10, 2026
Listed for sale
$777,000
Current
Pending
$777,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,410
Lot Size 0.22 acres
Stories 1
Year Built 1999
Property Type Single Family Residence
Subdivision Double Diamond Ranch Village 11B
APN 160-492-05
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Corner Lot, Landscaped, Sprinklers In Front, Sprinklers In Rear
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Pool & Spa
Pool In Ground
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,985
HOA Fee $120 / Quarterly
HOA / Community Double Diamond Ranch Master Association
Schools
Elementary School Double Diamond
Middle School Depoali
High School Damonte
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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% ($155,400)
Home price
$777,000
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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