$515,000 Active
5505 Point View Way
Sparks, NV 89431
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.0 Baths
·
1,492 Sq Ft

About This Property

Perched high in the hills just outside the McCarran Loop, this charming single-story home offers three bedrooms, two bathrooms, panoramic city and mountain views, and an expansive, usable 0.52-acre lot in unincorporated Sparks. With great potential and plenty of room to make it your own, this diamond in the rough is an exciting opportunity for investors or homeowners with a vision. Enjoy the freedom of no HOA and no restrictive CC&Rs. A two-car garage, two-space carport, and abundant additional parking provide plenty of room for RVs, boats, toy haulers, and other outdoor gear. Located just seconds from open land and miles of trails, the property offers easy access to hiking, motorcycles, and off-road adventures. Although the peaceful hillside setting above the Wildcreek area feels removed from the city, it is only minutes from freeways, shopping, dining, and everyday services, with convenient access to downtown Reno and USA Parkway. Opportunities in this tightly held neighborhood rarely come to market. Bring your ideas and come see the views, space and possibilities this unique property has to offer.

Listed by Mollie Owen — Dickson Realty - Downtown

Listing Details

Status Active
MLS # 260009518
Price/Sq Ft $345

Property History

Jul 24, 2026
Listed for sale
$515,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,492
Lot Size 0.52 acres
Stories 1
Year Built 1974
Property Type Single Family Residence
Subdivision Point View
STR Jurisdiction Washoe County
APN 027-062-10
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Attached, Carport, Garage, RV Access/Parking
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s)
Construction Brick
Roof Composition, Shingle
Foundation Crawl Space
Utilities & Systems
Heating Fireplace(s), Forced Air, Oil
Cooling Central Air, Electric
Financial
Annual Tax $2,003
Schools
Elementary School Maxwell
Middle School Sparks
High School Sparks
📊

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% ($103,000)
Home price
$515,000
Loan details
30-yr fixed, 6.5%
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