$1,290,000 Active
1461 Fraun Court
Sparks, NV 89436
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
3,386 Sq Ft
Virtual Tour

About This Property

Perched in Sparks' desirable Satellite Hills community, this spacious 4-bedroom, 3-bath residence offers approximately 3,386 square feet of living space and exceptional mountain, valley, and city views. Designed for both everyday living and entertaining, the thoughtfully designed floor plan features generous living areas, abundant natural light, and seamless indoor-outdoor connectivity. The kitchen is equipped with granite countertops, a center island with cooktop, double ovens, extensive cabinetry, and a breakfast bar overlooking the main gathering spaces. Plantation shutters, quality finishes, and ample storage can be found throughout the home. Step outside to enjoy a beautifully landscaped backyard featuring mature roses, garden pathways, pergola-covered patios, multiple seating areas, and expansive views of the surrounding mountains and valley. Whether enjoying a quiet morning or hosting guests, the outdoor spaces offer a picturesque setting year-round. Conveniently located near shopping, dining, parks, recreation, and major commuter routes, this Satellite Hills property combines space, functionality, and exceptional outdoor living in one of Sparks' established hillside neighborhoods. Shed stays. Purchase of home includes community ownership of undeveloped parcel across the street owned by Fraun Court neighbors who created an HOA for the purpose of purchasing the parcel and retaining the impressive views.

Listed by Anne Potter — NextHome Sierra Realty

Listing Details

Status Active
MLS # 260007147
Days on Market 1
Price/Sq Ft $381

Property History

Jun 05, 2026
Listed for sale
$1,290,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,386
Lot Size 0.28 acres
Stories 2
Year Built 1996
Property Type Single Family Residence
Subdivision Satellite Hills 2E
STR Jurisdiction Washoe County
APN 514-110-08
Parking
Garage Spaces 3
Total Parking 4
Parking Features Additional Parking, Attached, Garage, Garage Door Opener, Parking Pad, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Built-in Barbecue
Lot Features Cul-De-Sac, Landscaped, Level, Sloped Up, Sprinklers In Rear
View City, Mountain(s), Valley
Construction Stucco
Roof Pitched, Tile
Foundation Crawl Space
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Financial
Annual Tax $6,275
Schools
Elementary School Whitehead
Middle School Mendive
High School Reed
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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% ($258,000)
Home price
$1,290,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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