$1,290,000
Active
4 Calaneva Drive #8
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
3
Beds
·
2.5
Baths
·
1,626
Sq Ft
About This Property
Very little occupancy since new. Great condition in upstairs unit of small quiet complex. Vaulted ceilings and large deck. Rarely any condos for sale here. New flooring throughout. In the heart of Crystal Bay's redevelopment area next door to what was the famous Cal Neva Resort which has major beautification work underway. Contiguous to lakeside of highway and lakefront properties in charming Crystal Bay. Listing broker is related to sellers.
Listed by Paul Hudson — Paul Hudson
Listing Details
Status
Active
MLS #
1018906
Price/Sq Ft
$793
Property History
May 22, 2026
Listed for sale
$1,290,000
Property Overview
Beds
3
Baths
2.5
Sq. Ft.
1,626
Year Built
1998
Property Type
Condominium
County
Washoe
STR Jurisdiction
Washoe County
APN
123-282-04
Parking
Garage Spaces
1
Parking Features
One Car Garage,Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Exterior Features
Barbecue,Deck,Rain Gutters
Lot Features
Level
View
Mountain(s)
Roof
Composition,Pitched
Utilities & Systems
Heating
Forced Air
Financial
Annual Tax
$4,652
HOA Fee
$1,362 / Monthly
HOA / Community
Associa Sierra North
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 — 4 Calaneva Drive #8, Crystal Bay
Est. Annual Revenue
$44,855
Avg Nightly Rate
$428
Projected Occupancy
29.5%
Cap Rate
1.4%
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.
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% ($258,000)
Home price
$1,290,000
Loan details
30-yr fixed, 6.5%
