$1,350,000 Active
500 Sierra Manor Drive
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,132 Sq Ft
Virtual Tour

About This Property

Located in one of South Reno's most sought-after acreage corridors, 500 Sierra Manor Dr offers a rare opportunity to own over 3 acres of usable land in a setting that blends privacy, lifestyle, and long-term value. Properties in this area are highly desirable due to their larger parcels, rural feel, and close proximity to everyday conveniences, shopping, and medical services just minutes away. This 3-bedroom, 3-bath home spans 2,132 sq ft and sits on 3.02 acres, creating the perfect foundation for someone ready to make it their own. Whether you're envisioning a custom remodel, expanding the existing footprint, adding a shop, or creating a true Northern Nevada lifestyle property, the land is the real opportunity here. The surrounding area is known for its space, flexibility, and strong demand for acreage properties—making this an ideal option for buyers seeking both freedom and future upside. Enjoy the balance of peaceful living with convenient access to Reno, the airport, and Lake Tahoe just a short drive away—an ideal combination that continues to make this location highly desirable. If you've been waiting for the right property where you can create something truly your own, this is it.

Listed by Lee Stevens — Real Broker LLC

Listing Details

Status Active
MLS # 260003066
Days on Market 50
Price/Sq Ft $633

Property History

Mar 18, 2026
Listed for sale
$1,350,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,132
Lot Size 3.02 acres
Stories 1
Year Built 1965
Property Type Single Family Residence
Subdivision Amended Sierra Manor
APN 044-372-13
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level, Sloped Down, Sprinklers In Front
View Mountain(s)
Roof Composition, Pitched, Shingle
Foundation Crawl Space, Slab
Utilities & Systems
Heating Baseboard, Oil
Cooling Evaporative Cooling
Financial
Annual Tax $3,988
HOA Fee $40 / Annually
HOA / Community Sierra Manor
Schools
Elementary School Lenz
Middle School Marce Herz
High School Galena
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% ($270,000)
Home price
$1,350,000
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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Or call directly: (530) 317-0373