$1,200,000
232 Wassou Road
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
·
2.0 Baths
·
843 Sq Ft

About This Property

Nestled in the heart of the exclusive Lake Tahoe enclave Crystal Bay, this charming ski cabin offers unparalleled access to both winter adventures and breathtaking views of Lake Tahoe. Whether you're enjoying cozy evenings by the woodstove or taking in the stunning alpine scenery from your sprawling deck, this home is the perfect retreat for outdoor entertainment and relaxation. The property also includes a separate downstairs studio, ideal for guests, in-laws, or as a potential rental opportunity. The owners have gone through the process of having the property surveyed by the Tahoe Regional Planning Agency, providing ample coverage for potential future construction should the buyer wish to build a new residence. With expansive lake views, nearby world-class skiing, hiking, and a host of other outdoor activities just minutes away, this property offers the perfect balance of rustic mountain charm and endless possibilities for expansion.

Listed by Nicholas Heathman — Keller Williams Group One Inc.

Listing Details

Status Active
MLS # 260001589
Days on Market 31
Price/Sq Ft $1,423

Property History

Feb 11, 2026
Listed for sale
$1,200,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 843
Lot Size 0.14 acres
Stories 2
Year Built 1959
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-163-08
Parking
Total Parking 2
Parking Features Parking Pad
Exterior & Lot
Exterior Features None
Lot Features Sloped Up
View Trees/Woods
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Wood Stove, Electric
Financial
Annual Tax $4,479
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 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 — 232 Wassou Road, Crystal Bay

Est. Annual Revenue
$48,652
Avg Nightly Rate
$378
Projected Occupancy
35.9%
Cap Rate
1.6%
Structural Score: 54 / 100 (Standard) · 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% ($240,000)
Home price
$1,200,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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License #CA 02235314
Email 9166671444

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