Listing provided courtesy of LPT Realty, LLC- MLS# 260000516MLS Provider

508 Island AvenueReno, NV 89501

Condo/Townhouse · 3 Beds · 2 Full Baths · 2,246 Sq. ft. | 0.01 Acres
$624,900 Active

508 Island Avenue Overview

Time on Site:
165 days
Visits:
2

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.

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508 Island Avenue Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 2,246
  • Price/Sq.ft. $278
  • Lot 0.01 Acres

Details

General

Association/HOA

  • Association Amenities: Elevator(s),Gated,Landscaping,Management,Storage
  • Association Fee: 754.0
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Cooling,Gas,Insurance,Maintenance Grounds,Maintenance Structure,Snow Removal,Trash,Water
  • Association Name: Wingfield Park Condominium Association
  • Association: true

Distance to Services

  • Distance To Water Numeric: 100
  • Distance To Water Units: Feet

School Information

  • Elementary School: Hunter Lake
  • Middle Or Junior School: Swope
  • High School: Reno

Building Information

  • New Construction: false
  • Year Built: 1975

Location/Region

  • Country: US
  • County Or Parish: Washoe

Tax Information

  • Tax Annual Amount: 2499.03

General Information

  • Listing Terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
  • Parcel Number: 011-390-08
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard
  • Zoning: MF30

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: true

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

Building Interior

  • Building Area Total: 2246.0

General Information

  • Appliances: Dishwasher,Disposal,Dryer,Electric Cooktop,Electric Oven,Electric Range,Microwave,Oven,Refrigerator,Trash Compactor,Washer
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Gas
  • Fireplace: true
  • Fireplaces Total: 1
  • Flooring: Carpet,Tile,Vinyl
  • Foundation Details: Slab
  • Interior Features: Entrance Foyer,No Interior Steps,Primary Downstairs
  • Laundry Features: In Hall,Laundry Closet,Washer Hookup
  • Levels: One
  • Living Area Source: Assessor
  • Security Features: Carbon Monoxide Detector(s),Security Fence,Security Gate,Smoke Detector(s)
  • Spa Features: None
  • Spa: false
  • Stories: 1
  • Window Features: Blinds,Drapes,Metal Frames

Exterior

Parking Information

  • Parking Features: Garage,Garage Door Opener,Under Building
  • Parking Total: 2.0

Lot Information

  • Lot Features: Corner Lot,Gentle Sloping,Landscaped,Sprinklers In Front
  • Lot Size Square Feet: 436.0
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Water Source: Public

Waterfront/View

  • Water Body Name: Truckee River
  • Waterfront Features: Fishing,Fixed Bridges
  • Waterfront: true

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Insulation - Batts,Concrete,Glass,Stucco
  • Patio And Porch Features: Covered,Patio
  • Property Attached: false
  • Roof: Flat,Tile

General Information

  • Carport: false
  • Exterior Features: Balcony
  • Fencing: Full
  • Horse: false
  • Other Structures: Storage
  • Pool Private: false
  • Road Frontage Type: City Street,Public
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Connected,Internet Available,Natural Gas Connected,Phone Available,Sewer Connected,Water Connected,Cellular Coverage,Underground Utilities

508 Island Avenue Neighborhood

Community

89501 (Reno) Demographics

51
Median Age
6,998
Population Density (per sq. mile)
49%
College Educated
$44,393
Estimated Median Income
639
Estimated Total Home Owners
2,137
Estimated Total Renters
23% / 77%
Estimated Owner / Renter Divide
1
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

508 Island Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

508 Island Avenue Market Data

Based on the last 30 days in this zip code

$469,862
Average List Price
$400
Average Price per Square Foot
6
Properties Sold
141
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

508 Island Avenue History

Date Event Value Agent
5/8/2026Source: Northern Nevada Regional MLS Price Reduction
$624,900 -3.9%
1/15/2026Source: Northern Nevada Regional MLS Added to Database
January 15, 2026