$15,900,000 Active Under Contract
260 Northlake Circle
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.
5 Beds
·
4.5 Baths
·
4,218 Sq Ft

About This Property

AVAILABLE TO SHOW AND TAKING BACK UP OFFERS Located in a private gated community in Crystal Bay, NV, Boulder Shores is the quintessential expression of classic Tahoe style, surrounded by towering pines and rugged granite boulders. Sheltered on a quiet cul-de-sac, Boulder Shores offers a rare sense of privacy. Situated on a .571ac lot, this property provides the ultimate in tranquility and exclusivity. The 5-bed, 4.5-bath lakefront retreat is designed to accommodate both relaxing private moments and lavish entertaining. The open floor plan is accentuated by natural light streaming through its large windows, revealing panoramic views of sparkling waters and vast mountains. Relaxing on the home’s two decks or exploring the expansive outdoor space, you will revel in the serenity of nature. The community deck, dock and pier offer easy access to the lake along with 2 private buoys! Purchase includes adjacent lot which adds privacy!

Listed by Ryan Mitchell — Compass

Listing Details

Status Active Under Contract
MLS # 1018737
Price/Sq Ft $3,770

Property History

Mar 20, 2026
Listed for sale
$15,900,000
Current
Pending
$15,900,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,218
Lot Size 0.57 acres
Stories 2
Year Built 1980
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 123-161-06
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Dock
Lot Features Lake Front
View Lake,Panoramic
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $44,451
HOA Fee $2,500 / Quarterly
HOA / Community NLPOA
HOA & Community
Community Amenities Pier
📊

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 — 260 Northlake Circle, Crystal Bay

Est. Annual Revenue
$508,599
Avg Nightly Rate
$4347
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 61 / 100 (Premium) · 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% ($3,180,000)
Home price
$15,900,000
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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