$1,099,000 $1,200,000 ↓ $101,000 reduced Active
232 Wassou Road
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
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 182
Price/Sq Ft $1,304

Property History

Feb 11, 2026
Listed for sale
$1,099,000
Jul 28, 2026
Price changed
$1,099,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2022 · county record $700,000 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.

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
$37,068
Avg Nightly Rate
$197
Projected Occupancy
51.4%
Cap Rate
1.3%
Structural Score: 54 / 100 (Standard) · STR Zone: Green

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

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,170 sq ft covered of 60 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
6,009 sq ft
Allowed Coverage
60 sq ft · 1%
Existing Coverage
1,170 sq ft · 19%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1a
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. 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 ↗

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($219,800)
Home price
$1,099,000
Loan details
30-yr fixed, 6.5%
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