$12,975,000 Active
20 Calaneva Drive
Crystal Bay, NV 89402

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✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
The remarks mention an ADU or guest unit: in Truckee, much of Placer and Washoe’s Tahoe area, and parts of Nevada County an ADU can’t be a short-term rental, so count on the main house only.
11 Beds
·
11.5 Baths
·
8,977 Sq Ft

Our data on this home

About This Property

***This property listing includes two parcels and four buildings. Three cottages at 16 Cal Neva Drive (apn 123-041-11, Washoe County) and the main house at 20 Cal Neva Drive (apn 123-041-07, Washoe County)*** Where the rugged landscape of California meets the panache of Nevada — Overlooking the clear waters of Lake Tahoe and a distant mountain panorama, this Bavarian-style compound, planned over fourteen years, reflects the vision of a distinguished design team, where architecture and landscape are seamlessly integrated into a refined 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 brought from California's first sawmill in Sacramento, a travertine fireplace, antique Tole chandelier, and cabinetry of backlighted antique stained glass creating an atmosphere of old-world comfort that transports residents to the elegance of a European alpine village while remaining firmly rooted in the natural splendor of Lake Tahoe.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260005179
Days on Market 198
Price/Sq Ft $1,445

Property History

Apr 28, 2026
Listed for sale
$12,975,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2002 · county record $3,000,000 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 11
Baths 11.5
Sq. Ft. 8,977
Lot Size 0.89 acres
Stories 2
Year Built 1952
Property Type Single Family Residence
Subdivision Nevada Vista
County Washoe
STR Jurisdiction Washoe County
APN 123-041-07
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sloped Down
View Mountain(s)
Construction Unknown
Roof Composition, Shake, Shingle
Foundation Other
Utilities & Systems
Heating Fireplace(s), Forced Air
Financial
Annual Tax $20,002
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
65
PROJECTED GROSS ANNUAL REVENUE
$30K – $45K typically ~$40,000
~$3,333 per month
Avg Nightly
$609
Occupancy
18%
Cap Rate
0.1%

STR Investment Summary — 20 Calaneva Drive, Crystal Bay

Est. Gross Annual Revenue
$30K – $45K
typically ~$40,000
Avg Nightly Rate
$609
Projected Occupancy
18.0%
Cap Rate
0.1%
Structural Score: 65 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Crystal Bay market data (151 comparable 3-bedroom rentals, 2026-11); 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Parcel Size
24,175 sq ft
Allowed Coverage · verified classes
242–4,835 sq ft
Existing Coverage · est.
3,896 sq ft · 16%
Land Capability · TRPA-verified
2, 4
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Existing coverage is TRPA's satellite estimate; allowed coverage uses TRPA's verified land class when one is on file, otherwise TRPA's estimate — data: TRPA GIS / Tahoe Open Data, LT Info. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$16,800 – $24,700/yr
about $1,729/mo
Est. Rebuild Cost (Coverage A)
$4,937,350

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

$69,005 per month
Principal & interest
$65,609/mo
Property taxes
$1,667/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$1,729/mo
Estimated ~$16,800–$24,700/yr — get a local broker quote for accuracy.
Down payment
20% ($2,595,000)
Home price
$12,975,000
Loan details
30-yr fixed, 6.5%
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