$1,000,000 Active Under Contract
3020 Malapi Way
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.5 Baths
·
3,011 Sq Ft

About This Property

Perched on nearly half an acre with sweeping views, this fully reimagined modern retreat delivers a level of design and finish rarely seen in homes of this era.Spanning 3,011 square feet, this 4-bedroom, 2-bathroom residence has been completely transformed into a bold, architectural showpiece where clean lines, rich textures, and curated materials come together seamlessly. Step inside to an expansive, light-filled open concept layout anchored by wide-plank flooring and oversized windows that frame the surrounding landscape. The heart of the home is a statement kitchen designed to impress—featuring custom deep green cabinetry, striking black stone waterfall island, designer lighting, and high-end appliances. This is not a standard remodel—it's a space built for entertaining and attention. The main living areas flow effortlessly, offering multiple gathering spaces that feel both elevated and comfortable. A custom accent wall, warm wood tones, and intentional design choices throughout create a cohesive, magazine-worthy aesthetic. The primary suite and bathrooms have been thoughtfully redesigned with spa-like finishes, including sleek tile work, modern vanities, and elevated fixtures that rival new construction. Outside, the property opens up to .479 acres of usable space, offering privacy, room to expand, and unobstructed views that set this home apart from anything nearby. Whether it's quiet mornings or sunset gatherings, the setting delivers. Originally built in 1980, this home now lives like a brand-new custom build—with the added benefit of space, lot size, and character that new homes simply can't replicate.

Listed by Brandon Goles — RE/MAX Professionals-Reno

Listing Details

Status Active Under Contract
MLS # 260004878
Days on Market 15
Price/Sq Ft $332

Property History

Apr 22, 2026
Listed for sale
$1,000,000
Current
Pending
$1,000,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,011
Lot Size 0.48 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
APN 027-063-49
Parking
Garage Spaces 3
Total Parking 6
Parking Features Attached, Garage, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Level, Sloped Down, Sprinklers In Front
View City, Mountain(s), Valley
Roof Composition, Shingle
Foundation Crawl Space, Slab
Utilities & Systems
Heating Baseboard, Natural Gas
Financial
Annual Tax $3,212
Schools
Elementary School Maxwell
Middle School Sparks
High School Sparks
📊

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% ($200,000)
Home price
$1,000,000
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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