$1,850,000
1 Big Water Drive #A101
Crystal Bay, NV 89402
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
2 Beds
·
2.5 Baths
·
1,849 Sq Ft
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About This Property

Beautiful, single level upscale condo w/filtered Lake Tahoe views, two separate patios and high-end finishes throughout is ready to envelop you in luxury. A truly stunning array of HOA amenities includes a fitness studio, work areas, owner’s lounge w/kitchen, fireplace, TV and shuffleboard. Access to your private entry via elevator is from the heated garage which has owner storage lockers, ski and snowboard storage, car detailing station and a dog wash! E-bikes and paddleboards are available for owner use. Beautifully landscaped grounds provide an oversized 13’ spa w/filtered lake view, firepit and BBQ. In addition to ALL those amenities, all utilities are covered by the HOA dues as well! Enjoy the adjoining park with walking paths and picnic tables. And within a half mile is access to Speedboat Beach where swimming and watersports await. An indoor EV charging station is available for an add'l fee. Short-term rentals allowed with 3-day minimum stay and licensing.

Listed by Mary Mosher-Armstrong — Keller Williams Group One Inc

Listing Details

Status Active
MLS # 1018759
Price/Sq Ft $1,001

Property History

Apr 01, 2026
Listed for sale
$1,850,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,849
Stories 1
Year Built 2018
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 123-293-02
Parking
Parking Features Assigned,Covered,Garage,Gated,Private
Attached Garage Yes
Exterior & Lot
Exterior Features Patio
Lot Features Level
View Lake,Mountain(s),Trees/Woods
Construction Frame,HardiPlank Type,Shingle Siding
Roof Composition
Utilities & Systems
Heating Radiant,Radiant Floor
Cooling Central Air,Wall/Window Unit(s)
Financial
Annual Tax $13,488
HOA Fee $1,381 / Monthly
HOA / Community Canopy
HOA & Community
Community Amenities Clubhouse,Controlled Access,Fitness Center,Spa/Hot Tub
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1 Big Water Drive #A101, Crystal Bay

Est. Annual Revenue
$61,375
Avg Nightly Rate
$443
Projected Occupancy
38.3%
Cap Rate
1.3%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Crystal Bay. Revenue projections are estimates and may vary.

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($370,000)
Home price
$1,850,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314
Email 9166671444

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