$1,499,000 Active Under Contract
3965 Lake Placid 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
·
2.5 Baths
·
2,760 Sq Ft
Virtual Tour

About This Property

Experience refined living in this beautifully updated luxury residence at 3965 Lake Placid in the prestigious Saddlehorn neighborhood of Reno's sought-after 89511 area. Nestled on a private 1.25-acre lot backing directly to the scenic Whites Creek greenbelt and trail system, this exceptional property offers the perfect blend of tranquility, privacy, and elevated design. Spanning approximately 2,760 square feet, this elegant home features 3 spacious bedrooms, 2.5 baths, an oversized garage, and thoughtfully designed living spaces filled with warmth and sophistication. A stunning fireplace anchors the main living area, while expansive windows invite natural light and serene views of the surrounding landscape. The gourmet kitchen is designed for both everyday living and entertaining, showcasing premium appliances including a built-in KitchenAid refrigerator, double ovens with microwave, Bosch induction cooktop with downdraft hood, Bosch dishwasher, and KitchenAid trash compactor. Recent upgrades include a new Hansgrohe kitchen faucet and reverse osmosis water filtration system, blending luxury with modern convenience. The primary suite offers a peaceful retreat, enhanced by a beautifully upgraded Hansgrohe shower system and refined finishes throughout. Upstairs features brand-new carpet (2026), while the downstairs has been elegantly upgraded with new tile flooring in place of carpet for a fresh, sophisticated look. Extensive recent improvements ensure true move-in-ready living, including fresh interior and exterior paint, new gutters and downspouts, upgraded LED lighting throughout, a new primary furnace, new water softener, epoxy-finished garage floors with updated lighting, refreshed Durastone upper deck sealing, new landscaping with irrigation and lighting, and much more. Additional inclusions such as the washer, dryer, and freezer add exceptional value to this meticulously maintained home. This is a rare opportunity to own a private luxury retreat in one of South Reno's most desirable locations—where timeless elegance meets modern upgrades and nature is right outside your door.

Listed by Bryan Drakulich — BHG Drakulich Realty

Listing Details

Status Active Under Contract
MLS # 260004955
Days on Market 17
Price/Sq Ft $543

Property History

Apr 23, 2026
Listed for sale
$1,499,000
Current
Pending
$1,499,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 2,760
Lot Size 1.24 acres
Stories 2
Year Built 2004
Property Type Single Family Residence
Subdivision Saddlehorn South Phase 7
APN 150-361-01
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Rain Gutters
Lot Features Cul-De-Sac, Gentle Sloping, Greenbelt, Landscaped, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Park/Greenbelt, Trees/Woods
Construction Stone Veneer, Stucco
Roof Pitched, Tile
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $6,639
HOA Fee $72 / Monthly
HOA / Community Saddlehorn Homeowners' Association
Schools
Elementary School Hunsberger
Middle School Pine
High School Galena
HOA & Community
Community Amenities Landscaping, Tennis Court(s)
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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% ($299,800)
Home price
$1,499,000
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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