Luxury Homes for Sale in Reno, NV
Every listing below refreshes straight from Northern Nevada Regional MLS (NNRMLS)—live status changes, fresh pricing, no phantom “pending” properties. Expect gated estates in Somersett, view lots above Lakeridge, and the occasional downtown penthouse when it finally hit the public market.
RENO LUXURY LISTINGS
- 1/80 80
3 Beds 4 Baths 4,395 SqFt$1,700,000Active Under Contract - 1/36 36
3 Beds 4 Baths 3,334 SqFt$1,575,000Active Under Contract - 1/40 40
4 Beds 4 Baths 3,978 SqFt$2,495,000Active - 1/62 62
5 Beds 5 Baths 5,300 SqFt$3,400,000Active - 1/40 40
4 Beds 3 Baths 3,626 SqFt$3,325,000Price Dropped by $160K - 1/40 40
8 Beds 8 Baths 7,784 SqFt$2,999,999Price Dropped by $300K - 1/53 53
5 Beds 4 Baths 5,511 SqFt$1,725,000Open Sat 12PM-3PM - 1/40 40
5 Beds 5 Baths 4,241 SqFt$1,635,000Open Sat 12PM-3PM - 1/40 40
4 Beds 5 Baths 4,305 SqFt$1,699,000Open Thu 3PM-5PM
Why Buy a Luxury Home in Reno?
High-end construction here still pencils better than most western metros. Property taxes cap annual assessed-value jumps at 3 percent for primaries, so your carrying costs don’t race the market. Many view lots back to federal land—no future rooftops cutting into your Sierra sunset. Arrowcreek, Montreux, and Somersett HOAs enforce design guidelines that keep facades cohesive and resale values sticky. And yes, you can be on the slopes at Mt. Rose 35 minutes after leaving your heated driveway—try that from the Bay Area.
Market Snapshot – Luxury Homes in Reno
Typical Entry Price: $1,500,000
Active Inventory: ~180 homes homes (Redfin, Jun 2025)
Common Locations: Lakeridge, Somersett
Active Inventory: ~180 homes homes (Redfin, Jun 2025)
Common Locations: Lakeridge, Somersett
Inventory above $2 million feels balanced—buyers can negotiate pool resurfacing or solar credits, but sellers rarely budge on land value. Sub-$1.7 million view homes in Somersett? They’re often under contract by the second showing if the backyard faces west.
Where Luxury Homes Are Selling in Reno
Somersett & Canyon Pines – Newer Tuscan-inspired builds, private golf, and trailheads out the back fence. HOA covers security; transfer fee runs 0.5 percent.
Lakeridge & Lake Ridge Shores – Mid-century remodels hugging the golf course, plus a gated lake enclave where docks outnumber basketball hoops. Walkability low; the view premiums high.
Arrowcreek & Montreux – Elevation means cooler nights and wildfire-safe defensible-space mandates. Custom lots allow contemporary glass boxes next to stone lodges—architectural review board meets monthly.
Downtown Penthouses – Limited supply, HOA dues punchy, but you can swap your SUV for a scooter and still make early flights out of RNO.
Buyer FAQs – Luxury Homes in Reno
What earnest-money deposit do high-end sellers expect?
Plan on 3 percent of offer price; some Montreux customs ask 5 percent because finishes are semi-custom even on resale.
Are short-term rentals allowed?
Most luxury HOAs ban anything under 30 days. Downtown condos vary—Lakeside Plaza still forbids nightly stays, while a few Riverfront towers allow 90-day leases with board approval.
How long from contract to keys?
Cash deals close in 21 days once the HOA resale package shows up. With financing, jumbo lenders are running 35–40 days if the appraisal comes back clean.
Can I add an ADU or guest house?
Somersett and Arrowcreek permit casitas under 1,000 sq ft, subject to design review. Lakeridge Shores won’t—lot coverage rules max out fast along the water.
Any quirks with wildfire insurance?
Homes above 5,500 ft elevation or bordering BLM land may require a defensible-space inspection before renewal. Premiums jump if the siding isn’t Class A fire-rated—budget $1,800–$3,200 per year.