$18,250,000
20 Calaneva
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.
10 Beds
·
9.0 Baths
·
9,877 Sq Ft

About This Property

This Bavarian-style compound was planned over 14 years with architect Brad Puttman create an alpine retreat. The securely gated entrance and hand-hewn rock wall ensure complete privacy. The main residence overlooks terraced slopes with indigenous plantings, boulders, and tiled walkways, while three alpine guest cottages complete the compound. The central living area features a wall of glass combined with hand-hewn wood beams, a travertine fireplace, antique Tole chandelier, and cabinetry of backlighted antique stained glass creating an atmosphere of old-world comfort and elegance while rooted in the natural splendor of Lake Tahoe. This property listing includes two parcels. Three cottages at 16 Cal Neva Drive (apn 123-041-11) and the main house at 20 Cal Neva Drive (apn 123-041-07). Square footage is approximate.

Listed by Jean Merkelbach — Engel & Volkers

Listing Details

Status Active
MLS # 1018559
Days on Market 111
Price/Sq Ft $1,848

Property History

Nov 10, 2025
Listed for sale
$18,250,000
Property Overview
Beds 10
Baths 9.0
Sq. Ft. 9,877
Lot Size 0.89 acres
Year Built 1952
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-041-07
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
View Mountain(s)
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $8,030
📊

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 — 20 Calaneva, Crystal Bay

Est. Annual Revenue
$351,379
Avg Nightly Rate
$4949
Projected Occupancy
19.5%
Cap Rate
0.8%
Structural Score: 57 / 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% ($3,650,000)
Home price
$18,250,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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Email 9166671444

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