$950,000 Active
1545 Meridian Ranch Drive
Reno, NV 89523
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
2,478 Sq Ft

About This Property

Experience elevated living in Somerset at Sierra Canyon by Del Webb, where sweeping Sierra mountain views, protected open space, and exceptional privacy create one of Northwest Reno's most coveted lifestyle settings. Perfectly positioned on a rare premium homesite with no direct rear neighbors, this beautifully maintained single-story residence captures the tranquility, natural beauty, and refined comfort that define luxury Northern Nevada living. Lovingly owned by the original purchasers and lightly enjoyed as a second home, the property reflects an extraordinary level of pride of ownership and remarkably minimal wear throughout. From the moment you arrive, the home offers an immediate sense of serenity and understated elegance, blending seamlessly with the surrounding high-desert landscape and panoramic mountain backdrop. Inside, expansive new windows frame breathtaking scenery while filling the home with soft natural light. The thoughtfully designed floorplan offers spacious gathering areas, comfortable living spaces, generous storage, a large laundry room with extensive cabinetry, and an oversized garage with flexibility for hobbies, golf equipment, workshop space, or additional storage. Every room feels warm, inviting, and exceptionally well preserved. Designed to embrace the beauty of its surroundings, the seamless connection between indoor and outdoor living becomes one of the home's defining features. The covered patio overlooks scenic walking trails, protected open space, and expansive mountain and valley vistas, creating an extraordinary setting for quiet mornings, unforgettable sunsets, and effortless entertaining beneath Northern Nevada's expansive skies. Low-maintenance landscaping enhances the lock-and-leave convenience ideal for both seasonal and full-time living. Residents of Sierra Canyon enjoy resort-style amenities centered around the Aspen Lodge clubhouse, including indoor pool and spa facilities, fitness center, pickleball and tennis courts, walking trails, fitness classes, social clubs, and a vibrant calendar of community events and activities. Somerset's elevated foothill location provides convenient access to championship golf, dining, shopping, medical services, and Reno-Tahoe's world-class outdoor recreation while still offering the peaceful feeling of a private retreat. Rarely does a home combine premium open-space positioning, panoramic views, original-owner history, second-home preservation, and access to one of Reno's premier active lifestyle communities in such a compelling offering. This is more than a beautifully maintained home — it is an opportunity to experience the very best of the Sierra Canyon lifestyle, where luxury, privacy, and natural beauty come together in one exceptional setting.

Listed by Karen Greathouse — Greathouse Real Estate

Listing Details

Status Active
MLS # 260006597
Days on Market 3
Price/Sq Ft $383

Property History

May 23, 2026
Listed for sale
$950,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,478
Lot Size 0.18 acres
Stories 1
Year Built 2005
Property Type Single Family Residence
Subdivision Sierra Canyon At Somersett Village 5
STR Jurisdiction Washoe County
APN 234-323-06
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Greenbelt, Landscaped, Level, Meadow, Sprinklers In Front, Other
View Mountain(s), Park/Greenbelt, Peek, Trees/Woods, Valley
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $4,319
HOA Fee $114 / Monthly
HOA / Community Somerset
Schools
Elementary School Westergard
Middle School Billinghurst
High School McQueen
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Golf Course, Parking, Pool, Recreation Room, Sauna, Spa/Hot Tub, 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
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% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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