$800,000 Active Under Contract
340 Sparrow Way
Washoe Valley, NV 89704
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
2.5 Baths
·
2,970 Sq Ft
Virtual Tour

About This Property

Set on 1.04 acres in picturesque Washoe Valley, just minutes to Reno or Carson City, this custom home delivers space, accessibility, and sweeping views of the Sierra Nevada, Washoe Lake, and valley ranchlands. Thoughtfully arranged across 2,970 sq ft on two levels, the residence offers 4 bedrooms, 2.5 baths, and living areas that all frame the incredible panorama. Enter into a warm, light-filled great room with oversized windows and a wraparound deck that invites indoor-outdoor living and takes full advantage of the scenery. The open kitchen blends form and function with leathered slab granite counters, maple cabinetry, a gas cooktop and built-in oven and microwave—ideal for both everyday meals and entertaining. No-step access from the front yard to the main level via a wheelchair ramp underscores the home's accessibility. The main level includes three bedrooms and 1.5 baths. The primary suite is a serene retreat with built-ins in the walk-in closet and a thoughtfully designed bathroom featuring a roll-in shower with handrails and a double-sink vanity. A spiral staircase leads to the lower-level family room and a second laundry room. A newly remodeled, fully independent in-law suite off the family room adds versatility and income potential: private south-patio entrance, living room, kitchenette with dining area, full bath and a separate bedroom. Outside, the country lifestyle continues with RV parking, a shed, horse shelter, chicken coop. Systems: Natural gas service (not propane), a private well, and a private septic. Pre-inspection complete, Home Warranty in place. Spectacular by day and magical under the stars, this accessible, multi-generational retreat is a rare opportunity to own a versatile, view-filled home in one of Northern Nevada's most coveted settings between Reno and Carson City. Come see it today!

Listed by Holly O'Driscoll — Chase International-Damonte

Listing Details

Status Active Under Contract
MLS # 260004571
Days on Market 21
Price/Sq Ft $269

Property History

Apr 16, 2026
Listed for sale
$800,000
Current
Pending
$800,000
Property Overview
Beds 4
Baths 2.5
Sq. Ft. 2,970
Lot Size 1.02 acres
Stories 2
Year Built 1973
Property Type Single Family Residence
Subdivision New Washoe City 5
APN 050-393-05
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Detached, Garage, Garage Door Opener, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Rolling Slope, Sloped Down, Sprinklers In Front
View Desert, Mountain(s), Park/Greenbelt, Ski Resort, Trees/Woods, Valley
Construction Frame
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Baseboard, Natural Gas, Radiant Floor
Cooling Attic Fan, Central Air, Electric
Financial
Annual Tax $2,146
Schools
Elementary School Pleasant Valley
Middle School Marce Herz
High School Galena
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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% ($160,000)
Home price
$800,000
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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