$2,500,000 Active
5480 Cypress Point Drive
Reno, NV 89502
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3 Beds
·
2.5 Baths
·
3,231 Sq Ft
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About This Property

A Rare Hidden Valley Estate — Golf, Pickleball, Luxury & No HOA Truly one of a kind in Hidden Valley. Completely reimagined in an extensive 2020 remodel, this exceptional modern farmhouse occupies what may be one of the finest residential lots in the neighborhood—positioned just off the 16th green of historic Hidden Valley Country Club, with beautiful golf-course views, remarkable privacy, no HOA, and a collection of amenities rarely found in a single Reno property. Designed for both sophisticated everyday living and effortless entertaining, the home begins with a grand covered entry leading into an inviting foyer and directly through to a second covered outdoor living area. The thoughtful floor plan places all three bedrooms in the private west wing. The primary suite is a true retreat, with a beautifully appointed bath featuring a steam shower, soaking tub and heated flooring , while two additional bedrooms share an elegant guest bath. A welcoming piano/living room with fireplace transitions into the expansive heart of the home—an open great room combining the kitchen, dining and family spaces. Every detail reflects the quality of the remodel, including a motorized hydraulic TV mount, full wet bar with beverage chiller and dedicated ice machine, dual dishwashers and refrigerator with matching cabinet faces, and an oversized pantry complete with microwave and coffee bar. The outdoor living may be even more impressive. A third covered patio creates a true four-season entertaining space with a built-in barbecue, three retractable screens and three infrared heaters. Beyond it lies an amenity almost impossible to duplicate in an established Reno neighborhood: your own lighted outdoor pickleball court. A dedicated golf-cart structure provides convenient parking and easy access to the adjoining private golf course. For the automobile enthusiast, hobbyist, athlete or executive needing substantial additional space, the approximately 2,050-square-foot garage is extraordinary. Epoxy floors, three roll-up doors, a dedicated gym and workshop make it considerably more than a garage—it is an extension of the home. The location further distinguishes this property. Hidden Valley sits on Reno's eastern slopes, prized for its more temperate setting, convenient freeway access and proximity to year-round recreation. Private aviation access is only minutes away, while Reno-Tahoe International Airport and the Reno-Tahoe business corridor are exceptionally convenient. For an executive relocating to Northern Nevada, a second-home buyer seeking the Reno-Tahoe lifestyle, a golfer who wants the course just beyond the backyard, or a pickleball enthusiast wanting something virtually impossible to reproduce, this property stands in a category of its own. Golf-course setting. Private lighted pickleball court. Exceptional outdoor living. 2,050-square-foot garage. No HOA. Extensively remodeled. Outstanding access to private aviation, the airport and Reno's major business centers. Properties offering this combination of location, land, recreation, privacy and luxury amenities are exceedingly difficult to find—and even harder to recreate. This isn't simply another Hidden Valley home. It's the kind of property buyers wait years to find.

Listed by Neal Fincher — Dickson Realty - Caughlin

Listing Details

Status Active
MLS # 260010614
Price/Sq Ft $774

Property History

Aug 17, 2026
Listed for sale
$2,500,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 3,231
Lot Size 0.57 acres
Stories 1
Year Built 1984
Property Type Single Family Residence
Subdivision Hidden Valley 5
STR Jurisdiction Washoe County
APN 051-241-18
Parking
Garage Spaces 4
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Exterior Features Built-in Barbecue, Dog Run, Fire Pit, Outdoor Kitchen, Rain Gutters
Lot Features Artificial Turf, Landscaped, Level, On Golf Course, Sprinklers In Rear
View Golf Course, Mountain(s), Trees/Woods
Construction Insulation - Spray Foam, Insulation - Blown-In, Concrete, Glass, HardiPlank Type, Stone Veneer
Roof Composition, Metal, Pitched, Shingle
Foundation Insulated Foundation, Crawl Space, Full Perimeter, Slab
Utilities & Systems
Heating ENERGY STAR Qualified Equipment, Fireplace(s), Forced Air, Natural Gas, Radiant Floor
Cooling Central Air, ENERGY STAR Qualified Equipment
Financial
Annual Tax $8,762
Schools
Elementary School Hidden Valley
Middle School Vaughn
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 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% ($500,000)
Home price
$2,500,000
Loan details
30-yr fixed, 6.5%
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