$845,000 Active
2255 Parkway Drive
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
5 Beds
·
3.0 Baths
·
3,304 Sq Ft

About This Property

Located in one of Reno's most coveted and tightly held neighborhoods, 2255 Parkway Drive presents a rare opportunity to own an exceptional residence in a location where homes seldom become available. Renowned for its mature tree-lined streets, timeless appeal, and close proximity to everything Reno has to offer, this prestigious address combines privacy, elegance, and an unmatched lifestyle. Designed for both refined entertaining and comfortable everyday living, the home showcases an expansive, park-like backyard that feels like your own private retreat. Towering mature landscaping, thoughtfully placed accent lighting, and an oversized deck create an unforgettable outdoor setting—perfect for hosting guests or enjoying peaceful evenings under the stars. Inside the over 3300 sq. ft of living space, offers remarkable flexibility with a walk-out basement that expands the home's luxurious floorplan. The lower level features an additional private primary suite ideal for multi-generational living or long-term guests, a professionally designed theater room for the ultimate movie-night experience, a dedicated fitness area, and a unique hidden room that adds both character and intrigue. Every space has been carefully crafted to maximize comfort, functionality, and entertaining potential while maintaining an inviting sense of warmth throughout. Whether you're gathering with family, hosting memorable celebrations, or simply enjoying the tranquility of the surrounding landscape, this home offers an exceptional lifestyle rarely found in today's market. Luxury, privacy, and an irreplaceable location come together at 2255 Parkway Drive—a truly rare offering in one of Reno's most desirable neighborhoods.

Listed by John Ruddy — Sierra Sotheby's International

Listing Details

Status Active
MLS # 260008540
Price/Sq Ft $256

Property History

Jul 03, 2026
Listed for sale
$845,000
Property Overview
Beds 5
Baths 3.0
Sq. Ft. 3,304
Lot Size 0.34 acres
Stories 1
Year Built 1976
Property Type Single Family Residence
Subdivision Hidden Valley Highlands 1
STR Jurisdiction Washoe County
APN 051-073-03
Parking
Total Parking 2
Parking Features Attached
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Landscaped, Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Peek
Construction HardiPlank Type
Roof Pitched, Tile
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $2,288
Schools
Elementary School Hidden Valley
Middle School Pine
High School Wooster
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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% ($169,000)
Home price
$845,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662 BS.0146479.MGR

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