$475,000 Active Under Contract
7935 Key Largo 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
·
2.5 Baths
·
1,723 Sq Ft

About This Property

Perched in the hills of North Reno, this refined two story home offers effortless indoor outdoor living with a fully finished backyard designed for relaxation and entertaining. Enjoy sweeping mountain and valley views from your private patio, framed by low maintenance landscaping and open sky horizons. Inside, natural light fills the open living area and spacious bedrooms, creating a warm, elevated retreat. There is no HOA here, but the property is subject to a fee by the City of Reno of about $15 monthly that goes to the care of the landscaping and trails in this area. It is charged every 6 months. Taxes are based on current owner's veteran status. Washoe county advises that the actual tax rate is $2296.08 per year.

Listed by Michelle Foster — Ferrari-Lund R.E. Sparks

Listing Details

Status Active Under Contract
MLS # 260004472
Days on Market 23
Price/Sq Ft $276

Property History

Apr 15, 2026
Listed for sale
$475,000
Current
Pending
$475,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,723
Lot Size 0.13 acres
Stories 2
Year Built 2005
Property Type Single Family Residence
Subdivision Turtle Creek Ii
APN 560-053-10
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front
View Mountain(s), Valley
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter, Crawl Space, Full Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $1,001
Schools
Elementary School Stead
Middle School OBrien
High School North Valleys
📊

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% ($95,000)
Home price
$475,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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