$2,300,000 Active
65 Caballada Street #Building 6 Plan 2
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.5 Baths
·
3,361 Sq Ft

About This Property

Experience elevated penthouse living at The Villas at Rancharrah, Reno's premier luxury lock-and-leave community perfectly positioned between the energy of downtown Reno and the year-round recreation of Lake Tahoe. Offered fully furnished, this exceptional residence blends sophisticated design, effortless convenience, and refined comfort in one of Northern Nevada's most coveted locations. Privately accessed via dedicated elevator from your oversized two-car garage, the penthouse opens to an expansive great room and chef's kitchen designed for both intimate living and grand-scale entertaining. Floor-to-ceiling windows frame sweeping mountain vistas and views overlooking the beautifully landscaped Paseo, while the private rooftop terrace offers an extraordinary setting for sunset cocktails, outdoor dining, and entertaining beneath the Sierra sky. Thoughtfully designed with over 10-foot ceilings and an airy open-concept layout, the residence features three generously sized bedroom suites, each with spa-inspired en-suite baths and walk-in closets, along with a dedicated office ideal for remote work or executive retreat living. Every detail reflects elevated craftsmanship and timeless style, including Thermador appliances, quartz countertops, custom cabinetry with under-cabinet lighting, Kohler Purist matte black fixtures, a sleek linear fireplace, freestanding soaking tub, designer tile walls, and sophisticated two-tone paint throughout. Low-maintenance yet uncompromising in luxury, residents enjoy 24-hour guard-gated security and exclusive access to the unparalleled amenities of The Club at Rancharrah. With fine dining, upscale shopping, premier golf, skiing, hiking, and Lake Tahoe's world-class outdoor lifestyle all within easy reach, this is luxury Northern Nevada living at its finest.

Listed by Erin Albright — Chase International-Damonte

Listing Details

Status Active
MLS # 260006546
Price/Sq Ft $684

Property History

May 22, 2026
Listed for sale
$2,300,000
Property Overview
Beds 3
Baths 3.5
Sq. Ft. 3,361
Lot Size 0.08 acres
Stories 2
Year Built 2023
Property Type Condominium
Subdivision Rancharrah Village 4
APN 226-162-12
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Common Area, Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Peek, Trees/Woods
Construction Insulation - Batts, Fiber Cement, Stone, Stucco
Roof Metal, Pitched
Foundation Full Perimeter, Slab
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
Cooling Central Air, ENERGY STAR Qualified Equipment
Financial
Annual Tax $12,659
HOA Fee $220 / Monthly
HOA / Community Rancharrah Community Association
Schools
Elementary School Huffaker
Middle School Pine
High School Reno
HOA & Community
Community Amenities Fitness Center, Gated, Landscaping, Life Guard, Parking, Pool, Sauna, Security, Spa/Hot Tub
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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% ($460,000)
Home price
$2,300,000
Loan details
30-yr fixed, 6.5%
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