$1,145,000 Active Under Contract
2318 Iron Square Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.5 Baths
·
2,428 Sq Ft
Virtual Tour

About This Property

Luxury and lifestyle come together in this extensively upgraded Avalon model in the premier 55+ community of Regency at Caramella Ranch. Designed for both comfort and entertaining, this thoughtfully crafted 2,428 sq ft home features the popular dual primary suite layout, a spacious great room, dedicated office/den, and gracious dining area perfect for hosting family and friends. The gourmet kitchen is a showstopper with a waterfall granite island, farmhouse sink, Wolf appliances, Bosch refrigerator, rich espresso cabinetry, pantry cabinets with pull-out drawers, and chic copper-lined black pendant lights. An additional workspace just off the kitchen adds convenience for everyday living or entertaining prep. The open great room flows seamlessly to the outdoor living space, ideal for gatherings of any size. The covered paver patio, built-in BBQ, and low-maintenance artificial turf invite effortless outdoor entertaining, while mountain views provide a serene backdrop. Each of the two primary suites offers a private retreat with spa-inspired baths featuring granite countertops, large walk-in showers, and built-in closets. Plantation shutters throughout, wood-look tile plank flooring in the main living areas, new carpet in the bedrooms, and ceiling fans in the great room, bedrooms, and patio enhance both style and comfort. Additional highlights include a finished garage with epoxy flooring, insulated garage door, and overhead storage racks, plus side yard access on both sides of the home. Residents of Regency at Caramella Ranch enjoy a true resort lifestyle with a stunning clubhouse, indoor and outdoor saltwater pools and spa, state-of-the-art fitness center, pickleball courts, outdoor amphitheater, and a vibrant calendar of clubs, classes, and social events — all creating an unparalleled 55+ living experience in South Reno.

Listed by Julie Knecht — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260002777
Days on Market 58
Price/Sq Ft $472

Property History

Mar 12, 2026
Listed for sale
$1,145,000
Current
Pending
$1,145,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 2,428
Lot Size 0.20 acres
Stories 1
Year Built 2021
Property Type Single Family Residence
Subdivision Caramella Ranch Estates Regency Village Unit 1
APN 143-281-18
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Rain Gutters
Lot Features Artificial Turf, Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Frame, Stone Veneer, Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $6,435
HOA Fee $293 / Monthly
HOA / Community Regency at Caramella HOA
Schools
Elementary School Brown
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Management, Pool, 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% ($229,000)
Home price
$1,145,000
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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