$499,920 Active Under Contract
17000 Wedge Parkway #UNIT 425
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,773 Sq Ft

About This Property

Welcome to resort-style living at Fallen Leaf Condominiums. Ideally located in the foothills just off Mt. Rose Highway, this community offers exceptional access to everything that makes the Reno-Tahoe area so desirable. From here, you are just minutes from world-class ski resorts, the mountains, Lake Tahoe, and countless opportunities for year-round outdoor recreation including hiking and biking. Residents enjoy amenity-rich community features including a pool, hot tub, clubhouse, and fitness center, while nearby shopping and dining are within easy walking distance. The location also provides convenient access to major commuter corridors and is just 10 miles from Reno-Tahoe International Airport. Inside, this inviting 2-bedroom plus loft, 2-bath condo features a bright, open floor plan with vaulted ceilings that create a spacious and comfortable living environment. The kitchen is well suited for both everyday living and entertaining, offering granite countertops, a breakfast bar, and views of Mt. Rose. Two private balconies provide relaxing outdoor spaces to enjoy morning coffee or tea, or unwind while watching the sunset over Mt. Rose. Additional highlights include a spacious 2-car garage with a separate storage area, offering rare and valuable space for vehicles, gear, and extra storage. Fallen Leaf offers an ideal balance of comfort, convenience, and access to the best of Reno and Lake Tahoe. This move-in-ready home is well suited as a primary residence, a lock-and-leave second home, or an attractive executive rental opportunity for investors.

Listed by John Williford — Chase International-Damonte

Listing Details

Status Active Under Contract
MLS # 260003211
Days on Market 52
Price/Sq Ft $282

Property History

Mar 20, 2026
Listed for sale
$499,920
Current
Pending
$499,920
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,773
Lot Size 0.01 acres
Stories 3
Year Built 2005
Property Type Condominium
Subdivision Fallen Leaf @ Galena Condominiums
APN 142-321-10
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony
Lot Features Landscaped, Level
View Mountain(s)
Construction Stucco
Roof Tile
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air
Cooling Central Air
Financial
Annual Tax $2,299
HOA Fee $350 / Monthly
HOA / Community Fallen Leaf Homeowners Association
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Pool, Recreation Room, Security, Spa/Hot Tub
📊

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% ($99,984)
Home price
$499,920
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373