Spacious Riverfront Condo Living with Over 2,200 Sq Ft of living space! Opportunities like this don't come often—offering over 2,200 square feet, this 3-bedroom condo delivers the space of a single-family home with the ease of low-maintenance living, all just steps from the Truckee River. Inside, the home is clean and well cared for, providing a blank canvas for buyers to personalize and make their own. Generous living areas, ample storage, and a functional layout make it ideal for both full-time living and a lock-and-leave lifestyle. And to top it all off, all the furnishings with few minor exceptions come with the home, making it an absolute turnkey purchase. Additionally, the Carrier furnace and air conditioning units were replaced in 2021 and are still covered by warranty. The HOA covers key expenses including all the unit's natural gas usage, air conditioning electric power, common area maintenance, landscaping, and more, helping simplify monthly ownership. You also have a private storage space locker in the garage, big enough for bicycles, ski equipment or whatever you need to store. There are also 2 assigned covered parking spaces in the gated and secure garage. Whether you're downsizing without giving up space or looking for a centrally located retreat near walking paths, dining, and outdoor recreation, this property offers exceptional value and potential.
Active
Price cut: $25.1K (5/8)
$624,900
508 Island Ave, Reno, NV 89501
3beds
2,246sqft
Est.:
Condominium
Built in 1975
-- sqft lot
$-- Zestimate®
$278/sqft
$754/mo HOA
What's special
Ample storageFunctional layout
- 127 days |
- 999 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Lance Higa S.201911 808-475-9997,
LPT Realty, LLC
Source: NNRMLS,MLS#: 260000516
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Oven, Refrigerator, Trash Compactor, Washer
- Laundry: In Hall, Laundry Closet, Washer Hookup
Features
- Entrance Foyer, No Interior Steps, Master Downstairs
- Flooring: Carpet, Tile, Vinyl
- Windows: Blinds, Drapes, Metal Frames
- Number of fireplaces: 1
- Fireplace features: Gas
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,246
- Total interior livable area: 2,246 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, Garage Door Opener, Under Building
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Balcony
- Spa features: None
- Fencing: Full
- Has view: Yes
- View description: City, Mountain(s), Park/Greenbelt
- Waterfront features: Fishing, Fixed Bridges
- Body of water: Truckee River
Lot
- Size: 435.6 Square Feet
- Features: Corner Lot, Gentle Sloping, Landscaped, Sprinklers In Front
Details
- Additional structures: Storage
- Parcel number: 01139008
- Zoning: MF30
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Insulation - Batts, Concrete, Glass, Stucco
- Foundation: Slab
- Roof: Flat,Tile
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage, Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Security Fence, Security Gate, Smoke Detector(s)
- Subdivision: Wingfield Park
HOA
- Has HOA: Yes
- Amenities included: Elevator(s), Gated, Landscaping, Management, Storage
- Services included: Cooling, Gas, Insurance, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash, Water
- HOA fee: $754 monthly
- HOA name: Wingfield Park Condominium Association
Location
- Region: Reno
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $194,936
- Annual tax amount: $2,499
- Date on market: 1/15/2026
- Cumulative days on market: 128 days
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Price change | $624,900-3.9%$278/sqft |
Source:  NNRMLS #260000516 Report a problem | ||
| 1/15/2026 | Listed for sale | $650,000+91.7%$289/sqft |
Source: NNRMLS #260000516 Report a problem | ||
| 6/19/2010 | Listing removed | $339,000$151/sqft |
Source: Coldwell Banker Select Real Estate #90006569 Report a problem | ||
| 9/29/2009 | Price change | $339,000-2.9%$151/sqft |
Source: Coldwell Banker Select Real Estate #90006569 Report a problem | ||
| 5/14/2009 | Listed for sale | $349,000+118.1%$155/sqft |
Source: Coldwell Banker Select Real Estate #90006569 Report a problem | ||
| 5/19/1995 | Sold | $160,000$71/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,404 +8% | $68,228 -3.1% |
| 2024 | $2,227 +8.1% | $70,441 +7.1% |
| 2023 | $2,061 +9% | $65,776 +6.1% |
| 2022 | $1,891 +6.4% | $61,985 +13.5% |
| 2021 | $1,777 +5% | $54,598 +0.9% |
| 2020 | $1,692 -4.8% | $54,126 |
| 2019 | $1,777 +5% | $54,126 +7.3% |
| 2018 | $1,692 +12% | $50,424 -0.8% |
| 2017 | $1,511 | $50,841 +4.6% |
| 2016 | $1,511 | $48,608 +11% |
| 2015 | $1,511 +100.2% | $43,783 +0.5% |
| 2014 | $755 -48.3% | $43,547 +12.5% |
| 2013 | $1,461 | $38,712 |
| 2012 | -- | $38,712 +1.5% |
| 2011 | -- | $38,144 -3% |
| 2010 | -- | $39,309 -5.4% |
| 2009 | -- | $41,569 -15.6% |
| 2008 | -- | $49,278 |
| 2007 | -- | $49,278 +11.4% |
| 2006 | -- | $44,250 -3.1% |
| 2005 | -- | $45,664 -5% |
| 2004 | -- | $48,055 -1.1% |
| 2003 | -- | $48,579 +0.7% |
| 2002 | -- | $48,256 |
| 2001 | -- | $48,256 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Old Southwest
Nearby schools
GreatSchools rating
- 9/10Jessie Beck Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 6/10Darrell C Swope Middle SchoolGrades: 6-8Distance: 1.8 mi
- 7/10Reno High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Hunter Lake
- Middle: Swope
- High: Reno
Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Nevada
- Washoe County
- Reno
- 89501
- Old Southwest
- 508 Island Ave
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