$557,000 Active Under Contract
17000 Wedge Parkway #UNIT 3223
Reno, NV 89511
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.0 Baths
·
1,348 Sq Ft
Virtual Tour

About This Property

Fully upgraded home in the gated community of Fallen Leaf! The kitchen features cherry wood, soft-close 15" depth cabinetry with under-cabinet lighting. There are beautiful white Quartz counter tops, cabinet-to-ceiling ceramic tile backsplash, new long-stem range hood and brand new LG stainless steel fridge, oven and dishwasher. Both bathrooms have been upgraded with marble shower and bath surrounds, along with new Quartz counter top vanities. There is quality LVP flooring, all new blinds, fresh interior paint and new fan and lighting fixtures throughout the home. The loft provides a great flex space for an office or reading room. The HVAC and water heater are brand new. Other notable features include a covered balcony, a fully finished garage with epoxy floors and extra storage room, new 15" cabinets in the laundry room, and a gas log fireplace with a new mantle. The home is located near shopping and restaurants and is a short drive to Lake Tahoe!

Listed by J.D. Drakulich — Dickson Realty - Downtown

Listing Details

Status Active Under Contract
MLS # 260010045
Days on Market 47
Price/Sq Ft $413

Property History

Aug 04, 2026
Listed for sale
$557,000
Sep 17, 2026
Pending
$557,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,348
Lot Size 0.01 acres
Stories 3
Year Built 2005
Property Type Townhouse
Subdivision Fallen Leaf @ Galena Condominiums
STR Jurisdiction Washoe County
APN 142-324-29
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Landscaped, Level
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $3,099
HOA Fee $350 / Monthly
HOA / Community Fallen Leaf
Schools
Elementary School Hunsberger
Middle School Marce Herz
High School Galena
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Landscaping, Parking, Pool, Security, Spa/Hot Tub
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($111,400)
Home price
$557,000
Loan details
30-yr fixed, 6.5%
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