$3,200,000 $3,500,000 ↓ $300,000 reduced Active
3387 Nambe Drive
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
3.5 Baths
·
5,338 Sq Ft
Virtual Tour

About This Property

New Price, New Look, Same Great Views! Set atop one of ArrowCreek's most coveted streets, 3387 Nambe Drive offers breathtaking 180-degree views of the Reno skyline, surrounding mountains, and dazzling city lights. This beautifully refreshed single-level residence blends effortless indoor-outdoor living with timeless comfort, creating the perfect setting for everyday living and unforgettable entertaining. 3 bedrooms are ensuite. Beyond the home, discover the ArrowCreek lifestyle—championship golf, resort-style pools, a state-of-the-art fitness center, tennis and pickleball courts, scenic walking trails, an active social community, and the peace of 24-hour gated security. All just minutes from Reno's finest dining, shopping, and the year-round recreation of Lake Tahoe. With a fresh new presentation and an attractive new price, this is an exceptional opportunity to make one of Reno's premier luxury communities your home. Professionally staged.

Listed by Karen Degney — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250051362
Days on Market 1
Price/Sq Ft $599

Property History

Aug 03, 2026
Listed for sale
$3,200,000
Aug 03, 2026
Relisted
$3,500,000
Aug 03, 2026
Price changed
$3,200,000
Property Overview
Beds 5
Baths 3.5
Sq. Ft. 5,338
Lot Size 1.37 acres
Stories 1
Year Built 2001
Property Type Single Family Residence
STR Jurisdiction Washoe County
APN 152-220-21
Parking
Garage Spaces 5
Total Parking 8
Parking Features Attached, Garage, Garage Door Opener, Parking Pad, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue, Multiple Entry Flat or Ramped, Outdoor Kitchen, Rain Gutters
Lot Features Common Area, Gentle Sloping, Landscaped, Rolling Slope, Sloped Up, Sprinklers In Front, Sprinklers In Rear
View City, Desert, Meadow, Mountain(s), Park/Greenbelt, Valley
Construction Insulation - Batts, Block, Concrete, Stucco
Roof Pitched, Tile
Foundation Raised, Slab
Utilities & Systems
Heating Electric, Fireplace(s), Forced Air, Geothermal, Heat Pump
Cooling Central Air
Financial
Annual Tax $12,150
HOA Fee $389 / Monthly
HOA / Community Association Sierra North
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Golf Course, Landscaping, Parking, Pool, Recreation Room, Security, Spa/Hot Tub, Tennis Court(s), Clubhouse/Recreation Room
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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% ($640,000)
Home price
$3,200,000
Loan details
30-yr fixed, 6.5%
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