$1,275,000 Active
10480 Mine Shaft Drive
Reno, NV 89521
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
3.0 Baths
·
2,859 Sq Ft

About This Property

Located in a prestigious hillside community in the highly desirable Damonte Foothills of southeast Reno, this exceptional single-story home offers sweeping views of the Truckee Meadows and Sierra Nevada Mountains from the front, with a dramatic canyon and expansive open space creating a stunning backdrop from the rear. Set on a beautifully landscaped 15,000-square-foot lot, the property offers a wonderful sense of privacy with no immediate rear neighbors, just open land, visiting wildlife, and views of the Virginia Range, home to Reno's famed wild horses. Despite its peaceful setting, the home is just minutes from South Reno shopping, dining, schools, and major roadways, offering the perfect balance of tranquility and convenience. Inside, the spacious open-concept floor plan is designed for comfortable everyday living and entertaining, with an easy flow between the family room, dining area, and kitchen, highlighted by an impressive 12-foot island that provides abundant space for gathering, meal preparation, and casual dining. A versatile flex space provides the perfect option for a home office, den, playroom, or additional living area. With four bedrooms and three full bathrooms, there is plenty of room for family and guests. The beautifully landscaped backyard is a true highlight, featuring a covered patio, pergola, an impressive 19-foot waterfall, and picturesque mountain and canyon views. The backyard is fully fenced and enhanced with outdoor lighting, creating a beautiful and inviting setting for evening entertaining, relaxing outdoors, and enjoying the surrounding scenery. Additional features include a finished garage with workbench and cabinetry, tankless water heater, and ceiling fans in the living room and all bedrooms. With its spacious single-level design, privacy, impressive outdoor spaces, and spectacular setting, this Damonte Foothills home offers a rare combination of views, comfort, and convenience.

Listed by Christi Mercurio — Coldwell Banker Select Mt Rose

Listing Details

Status Active
MLS # 260011112
Price/Sq Ft $446

Property History

Aug 27, 2026
Listed for sale
$1,275,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,859
Lot Size 0.35 acres
Stories 1
Year Built 2022
Property Type Single Family Residence
Subdivision Palisades Phase 3
STR Jurisdiction Washoe County
APN 145-312-01
Parking
Garage Spaces 3
Total Parking 3
Parking Features Attached, Garage, Garage Door Opener, Tandem
Attached Garage Yes
Exterior & Lot
Lot Features Level, Sloped Down, Sprinklers In Front, Sprinklers In Rear
View City, Mountain(s), Peek, Valley
Construction Stucco
Roof Pitched, Tile
Foundation Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Air
Financial
Annual Tax $8,662
HOA Fee $155 / Quarterly
HOA / Community Association North
Schools
Elementary School JWood Raw
Middle School Depoali
High School Damonte
HOA & Community
Community Amenities None
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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% ($255,000)
Home price
$1,275,000
Loan details
30-yr fixed, 6.5%
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