$12,975,000 Active
20 Calaneva Drive
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
11 Beds
·
11.5 Baths
·
8,977 Sq Ft

About This Property

***This property listing includes two parcels and four buildings. Three cottages at 16 Cal Neva Drive (apn 123-041-11, Washoe County) and the main house at 20 Cal Neva Drive (apn 123-041-07, Washoe County)*** Where the rugged landscape of California meets the panache of Nevada — Overlooking the clear waters of Lake Tahoe and a distant mountain panorama, this Bavarian-style compound, planned over fourteen years, reflects the vision of a distinguished design team, where architecture and landscape are seamlessly integrated into a refined alpine retreat. The securely gated entrance and hand-hewn rock wall ensure complete privacy. The main residence overlooks terraced slopes with indigenous plantings, boulders, and tiled walkways, while three alpine guest cottages complete the compound. The central living area features a wall of glass combined with hand-hewn wood beams brought from California's first sawmill in Sacramento, a travertine fireplace, antique Tole chandelier, and cabinetry of backlighted antique stained glass creating an atmosphere of old-world comfort that transports residents to the elegance of a European alpine village while remaining firmly rooted in the natural splendor of Lake Tahoe.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260005179
Price/Sq Ft $1,445

Property History

Apr 28, 2026
Listed for sale
$12,975,000
Property Overview
Beds 11
Baths 11.5
Sq. Ft. 8,977
Lot Size 0.89 acres
Stories 2
Year Built 1952
Property Type Single Family Residence
Subdivision Nevada Vista
County Washoe
STR Jurisdiction Washoe County
APN 123-041-07
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Under Building
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sloped Down
View Mountain(s)
Construction Unknown
Roof Composition, Shake, Shingle
Foundation Other
Utilities & Systems
Heating Fireplace(s), Forced Air
Financial
Annual Tax $20,002
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
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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 — 20 Calaneva Drive, Crystal Bay

Est. Annual Revenue
$263,010
Avg Nightly Rate
$3985
Projected Occupancy
18.0%
Cap Rate
0.8%
Structural Score: 56 / 100 (Premium) · 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% ($2,595,000)
Home price
$12,975,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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