$1,798,000 Active
3118 Vista Favoloso
Reno, NV 89519
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
4.5 Baths
·
4,499 Sq Ft
Virtual Tour

About This Property

Discover the pinnacle of luxury living in Villagio Della Montagna, an exclusive gated enclave in prestigious southwest Reno. This Mediterranean-inspired residence at 3118 Vista Favoloso offers approximately 4,499 sq ft of refined living space (including finished Daylight Basement), 4 bedrooms, 4.5 bathrooms, and a 3-car garage on a spacious 0.28-acre level lot. Home Advantages: Step into a sun-drenched foyer that immediately frames stunning mountain and city views, setting the tone for effortless elegance throughout. Highlights include: • A gourmet kitchen with granite countertops, a gas range, and an island perfect for entertaining • Cozy fireplace • Thoughtful layout with a primary suite retreat • Versatile lower level featuring guest bedrooms, a bonus room ideal for a study, media room, or recreation space • Crawl space foundation, pitched concrete tile roof for durability and timeless appeal • Fenced backyard on a landscaped, level lot providing privacy and outdoor enjoyment The home is remarkably well-maintained, blending modern comforts with classic architectural details that evoke an Italian villa feel. Location: Nestled in the intimate Villagio Della Montagna community (Phase 2), this home delivers privacy and low-maintenance luxury. The HOA covers gated security, common area landscaping, lighting, and snow removal on private roads — allowing you to enjoy the lifestyle without the hassle. Just minutes from Caughlin Ranch amenities, hiking trails, golf courses, shopping, and dining, with easy access to Lake Tahoe and Reno's vibrant scene. Market Price Point: Positioned in the heart of Reno's upscale southwest market (89519 zip code), where luxury homes in gated enclaves like Villagio command strong interest. This exceptional home represents outstanding value at its current listed price, appealing to discerning buyers seeking turnkey luxury residence.

Listed by Erwin Sigua — Sigua Real Estate LLC

Listing Details

Status Active
MLS # 260005599
Days on Market 1
Price/Sq Ft $400

Property History

May 06, 2026
Listed for sale
$1,798,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,499
Lot Size 0.28 acres
Stories 1
Year Built 2017
Property Type Single Family Residence
Subdivision Villagio Della Montagna Phase 2
APN 042-491-13
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Detached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Dog Run
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Trees/Woods, Valley
Construction Glass, Stone Veneer, Stucco
Roof Pitched, Tile
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $15,683
HOA Fee $270 / Monthly
HOA / Community Villagio Della Montagna HOA
Schools
Elementary School Caughlin Ranch
Middle School Swope
High School Reno
HOA & Community
Community Amenities Gated, Landscaping
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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% ($359,600)
Home price
$1,798,000
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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