$3,700,000 Active
1 Big Water Drive #A301
Crystal Bay, NV 89402

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✓ STR Allowed
Washoe County has no STR permit caps. Granite Bay/Boulder Bay HOA allows short-term rentals.
📋 STR Permit on File
Washoe County's public short-term-rental registry shows a permit on file for this home. Permits never transfer with a sale — a buyer applies for their own.
3 Beds
·
3.5 Baths
·
2,432 Sq Ft
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Our data on this home

About This Property

Rare 3BD penthouse at Granite Place w/ direct elevator access from the garage to your private main-level entry: great room high vaulted ceilings, Weiland Pano Doors, LED fireplace, kitchen, dining, 2 bedrooms & 2.5 baths, Pano doors opening to a paver patio w/ filtered Lake Tahoe & mountain views. Upper mezzanine level adds 2nd living area & 3rd bedroom, full bath & lg walk-in closet + private patio - ideal guest retreat. Cathedral ceilings, walls of glass & high-end finishes throughout; beautifully maintained and move-in ready including furnishings! HOA amenities incl: heated garage w/ EV charging, dog wash, car detailing, ski/snowboard storage, roll-up door storage, curated LA designer gym, owner's lounge w/ fireplace & BBQ deck, 13' lake-view spa & firepit, heated paver walkways. Penthouse units of this caliber, with true elevator access, rarely come to market. 1 reserve parking space & 1 floating parking space.Offered as-is, http://tiny.cc/P301 Amenities: http://tiny.cc/Amenities

Listed by M Trevor Smith — Coldwell Banker Select

Listing Details

Status Active
MLS # 1019150
Days on Market 55
Price/Sq Ft $1,521

Property History

Aug 28, 2026
Listed for sale
$3,700,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2020 · county record $1,950,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 3.5
Sq. Ft. 2,432
Stories 2
Year Built 2018
Property Type Condominium
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 123-295-02
Parking
Parking Features Assigned,Garage,Outside,Private,Electric Vehicle Charging Station(s)
Attached Garage Yes
Exterior & Lot
Exterior Features Barbecue,Deck,Handicap Accessible,Sprinkler/Irrigation
View Lake,Ski Area,Trees/Woods
Roof Composition,Metal
Utilities & Systems
Heating Natural Gas,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $12,734
HOA Fee $1,793 / Monthly
HOA / Community Canopy Property Services
HOA & Community
Community Amenities 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 Luxury
81
PROJECTED GROSS ANNUAL REVENUE
$60K – $90K typically ~$75,000
~$6,250 per month
Avg Nightly
$642
Occupancy
32%
Cap Rate
0.8%

STR Investment Summary — 1 Big Water Drive #A301, Crystal Bay

Est. Gross Annual Revenue
$60K – $90K
typically ~$75,000
Avg Nightly Rate
$642
Projected Occupancy
32.0%
Cap Rate
0.8%
Structural Score: 81 / 100 (Luxury) · STR Zone: Green

Nightly rates and occupancy from Crystal Bay market data (151 comparable 3-bedroom rentals, 2026-10); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Home Insurance Estimate

Standard homeowners policy for this home

$2,500 – $3,600/yr
about $254/mo
Est. Rebuild Cost (Coverage A)
$729,600

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$21,817 per month
Principal & interest
$18,709/mo
Property taxes
$1,061/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$1,793/mo
From MLS listing data.
Home insurance
$254/mo
Estimated ~$2,500–$3,600/yr — get a local broker quote for accuracy.
Down payment
20% ($740,000)
Home price
$3,700,000
Loan details
30-yr fixed, 6.5%
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