$1,255,000 Active
3040 Desert Olive Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
3.5 Baths
·
2,836 Sq Ft
Virtual Tour

About This Property

Discover a perfect balance of comfort and sophistication in this beautiful single-story corner home, tucked away in the gated community of Ridgeline at Carmella Ranch. Built in 2022, this residence features thoughtful modern upgrades-including premium flooring, countertops, and cabinetry. The heart of the home is a bright, open great room with soaring ceilings, where the living spaces flow naturally into one another. A classic stone fireplace adds a welcoming warmth, making it an ideal spot for both quiet evenings and gathering with friends. For anyone who loves to cook or host, the expansive kitchen delivers with a large center island, walk-in pantry, wine fridge, and a dedicated morning coffee bar. The spacious primary suite serves as a quiet personal retreat, offering a beautifully upgraded custom-designed walk-in closet and a spa-inspired bath complete with dual vanities and a generous walk-in shower. Two additional bedrooms, each with its own en suite bath, ensure family or guests have plenty of privacy, while a separate dedicated office creates the perfect quiet space for remote work or a den. Outside, the professionally designed landscaping feels like a private escape, featuring custom paver patios, a peaceful water feature, an inviting fire pit, and a serene Zen garden-all set against the backdrop of Mt. Rose views. The pristine three-car garage completes the home with a durable epoxy floor and custom steel cabinetry. Residents also enjoy full access to the exclusive community clubhouse and resort-style pool, offering a relaxed, turnkey lifestyle in one of South Reno's most welcoming neighborhoods.

Listed by Jeanne Hill — LPT Realty, LLC

Listing Details

Status Active
MLS # 260007513
Price/Sq Ft $443

Property History

Jun 12, 2026
Listed for sale
$1,255,000
Property Overview
Beds 3
Baths 3.5
Sq. Ft. 2,836
Lot Size 0.17 acres
Stories 1
Year Built 2022
Property Type Single Family Residence
Subdivision Caramella Ranch Estates Village
STR Jurisdiction Washoe County
APN 143-272-17
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Fire Pit, Rain Gutters
Lot Features Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s)
Construction Stucco
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $7,534
HOA Fee $250 / Monthly
HOA / Community Ridgeview Caramella Ranch
Schools
Elementary School Brown
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Gated, Pool
📊

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% ($251,000)
Home price
$1,255,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

Send a Message

Or call directly: 530.613.5207