Asking price is about 21% below the estimated value. Estimates can be off and may not reflect the home's current market value.

7240 Cheltenham WayReno, NV 89502

$850,000

Est. $1,071,800

  • 2,878 sqft
  • 4 beds
  • 3 baths

About this home

  • Stand alone heater
  • Beautifully landscaped half-acre lot
  • Stunning views
  • Mature landscaping
  • Expansive wraparound porch
  • Spacious living

House is currently under contract / contingent. Home is still available to view and back up offers can be made. Welcome to this beautiful Hidden Valley home, offering 2,878 square feet of comfortable single-level living on a generous ½-acre lot. This spacious residence features 4 bedrooms, 3 bathrooms, and an ideal blend of timeless character. The recently remodeled master bathroom provides a luxurious retreat, while major system upgrades—including new roof/gutters; new HVAC system (air conditioner and heater); new hot water heater; whole house newly installed plugs/outlets with GFI and smoke alarms, and updated fuse box—offer peace of mind for years to come. Water softener and instant hot water systems have also been installed. Designed for both everyday living and entertaining, the home features a formal living room with a cozy gas fireplace, a spacious kitchen with an island and pantry, and multiple gathering spaces filled with natural light. Wide hallways and an accessible floor plan add to the home's functionality. Step outside to take in the spectacular city and mountain views from the expansive wraparound porch—the perfect place to enjoy morning coffee, unwind at sunset, or entertain guests. The beautifully landscaped half-acre lot offers privacy, mature landscaping, a gazebo, and plenty of room to enjoy the outdoors. Additional highlights include a spacious 4-car garage with RV parking, work bench area with cabinets, and a stand alone heater. This home is located in the highly desirable Hidden Valley area, close to shopping, dining, golf, and outdoor recreation. This property combines stunning views, quality upgrades, and spacious living in one of Reno's most sought-after neighborhoods.

Viewing is by appointment only.

Property history

  • Pending sale

    Nov 1, 2026

    $850,000

    $295/sqft
  • Price change

    Oct 9, 2026

    $850,000

    Down 11.0%$295/sqft
  • Pending sale

    Sep 9, 2026

    $950,000

    $330/sqft

Monthly payment estimate

$5,173/mo

Principal & interest
$4,607
Property tax
$312
Home insurance
$255

Down payment · $170,000

Estimate only, using local tax and insurance figures. Your actual payment depends on your lender. Starting rate: Freddie Mac's 30-year fixed average, week of Nov 5.

Map showing 7240 Cheltenham Way Reno, NV 89502

Home values in 89502

in 2025
-2.4%
over 5 years
+45.8%

FHFA House Price Index for the ZIP code through 2025: past prices across the area, not a value for this home or a forecast.

Nearby cities

Distances from Reno, NV

Deal alerts

Find the best deals

Sign up today and be the first to hear about new deals.

  • Sort homes by best deal
  • Compare asking prices to estimated values
  • Contact owners directly