$375,000 Active Under Contract
6158 Falabella Way
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

UNBELIEVABLE PRICE IN RANCHARRAH! THE LOWEST PRICE and A STEAL OF A DEAL! One of the best lots in Riata Village at Rancharrah--a prestigious gated community in the heart of southwest Reno! Large mature trees on property, beautiful setting and the perfect location for your dream home. Design plans specific to the property are available and WILL BE INCLUDED. Enjoy a guarded & gated entrance, walking distance to restaurants, shops, and The Club at Rancharrah. The Club has a fitness center, spa, restaurant, bar, pool, pickle ball & more! See the associated documents for home design plans. Virtual photos are from the architectural firm that designed the house. The Club at Rancharrah membership is required of all residents and is sold separately. HOA dues include 24/7 manned gate, roving patrols, maintenance of all common areas and snow removal.

Listed by Karen Melarkey — Dickson Realty - Caughlin

Listing Details

Status Active Under Contract
MLS # 250000418
Days on Market 214

Property History

Nov 03, 2025
Listed for sale
$375,000
Current
Pending
$375,000
Property Overview
Lot Size 0.35 acres
Property Type Land
Subdivision Rancharrah Village 5
STR Jurisdiction Washoe County
APN 226-091-05
Exterior & Lot
Lot Features Gentle Sloping, Sloped Down, Corners Marked, Curbs, Sidewalks
View Mountain(s)
Financial
Annual Tax $5,514
HOA Fee $220 / Monthly
HOA / Community Rancharrah HOA
Schools
Elementary School Huffaker
Middle School Pine
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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($75,000)
Home price
$375,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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