$1,190,000 $1,290,000 ↓ $100,000 reduced 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

Listing broker offers $10,000 credit at close of escrow to ANY agent's buyer of this condo "to get the ball rolling!" Rarely occupied since new. Great condition in upstairs home of 16 unit quiet complex. Vaulted ceilings and large deck. New flooring throughout. Nice hardly used furnishings are negotiable. Recent new decks and roofs. In the heart of Crystal Bay redevelopment area next to what used to be 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 seller.

Listed by Paul Hudson — Paul Hudson

Listing Details

Status Active
MLS # 1018906
Days on Market 91
Price/Sq Ft $732

Property History

May 22, 2026
Listed for sale
$1,290,000
Jun 21, 2026
Price changed
$1,190,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2007 · county record $600,000 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 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 $4,716
HOA Fee $1,362 / Monthly
HOA / Community Associa Sierra North
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Standard
54
PROJECTED GROSS ANNUAL REVENUE
$8K – $39K typically ~$23,274
~$1,940 per month
Avg Nightly
$142
Occupancy
45%
Cap Rate
0.8%

STR Investment Summary — 4 Calaneva Drive #8, Crystal Bay

Est. Gross Annual Revenue
$8K – $39K
typically ~$23,274
Avg Nightly Rate
$142
Projected Occupancy
45.0%
Cap Rate
0.8%
Structural Score: 54 / 100 (Standard) · STR Zone: Green

Nightly rates and occupancy from Crystal Bay market data (150 comparable 3-bedroom rentals, 2026-08); 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

Over coverage limit
1,701 sq ft covered of 381 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,904 sq ft
Allowed Coverage
381 sq ft · 20%
Existing Coverage
1,701 sq ft · 89%
Addable Coverage
0 sq ft
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% ($238,000)
Home price
$1,190,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message