$750,000 $789,000 ↓ $39,000 reduced Active

10400 Adobe Drive

Reno, NV 89508

✓ STR Allowed

Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

3 Beds

2.0 Baths

2,350 Sq Ft

Virtual Tour

About This Property

Motivated seller offering a 1 percent interest rate buy-down to the buyers. Great opportunity to get into your new home with a lower interest rate. Almost 2 acres of horse property with a 2000 sq ft wrap-around deck and views in every direction. The home is cozy, fully remodeled an a well appointed ranch style haven. 3 Bedrooms, 2 oversized and very modern bathrooms, plus a recently renovated and permitted 700 square foot daylight walk-out basement with laundry room. 2 car garage, carport, and ample outdoor parking. Lean-to and partial horse fencing. Peaceful surroundings and great neighbors with views that are simply stunning! This property is sure to impress even the pickiest of buyers. Located just minutes from downtown Reno in the Red Rock area.

Listed by Leslie Henderson — Call It Closed International Realty

Listing Details

Status Active

MLS # 260007723

Days on Market 95

Price/Sq Ft $319

Property History

Jun 17, 2026

Listed for sale

$789,000

Jul 24, 2026

Price reduced

$774,000 $789,000 ↓ $15,000

Aug 05, 2026

Price reduced

$755,000 $774,000 ↓ $19,000

Aug 20, 2026

Price reduced

$750,000 $755,000 ↓ $5,000

Property Overview

Beds 3

Baths 2.0

Sq. Ft. 2,350

Lot Size 1.96 acres

Stories 2

Year Built 1978

Property Type Single Family Residence

STR Jurisdiction Washoe County

APN 087-060-22

Parking

Garage Spaces 2

Total Parking 10

Parking Features Attached, Carport, Garage

Attached Garage Yes

Exterior & Lot

Exterior Features Awning(s)

Lot Features Gentle Sloping, Sprinklers In Front

View City, Desert, Mountain(s)

Roof Composition

Foundation Crawl Space, Full Perimeter, Slab

Utilities & Systems

Heating Electric, Oil

Cooling Electric

Financial

Annual Tax $2,356

Schools

Elementary School Silver Lake

Middle School Cold Springs

High School North Valleys

📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone

STRUCTURAL SCORE Excellent

PROJECTED GROSS ANNUAL REVENUE

$118K – $167K typically ~$142,500

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

Legal Occupancy

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($150,000)

Home price

$750,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

We'll contact you soon.

Real Estate Tahoe

Real Estate Agent