$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 56
Price/Sq Ft $732

Property History

May 22, 2026
Listed for sale
$1,190,000
Jun 21, 2026
Price changed
$1,190,000
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 $4,716
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 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
$37,147
Avg Nightly Rate
$209
Projected Occupancy
48.8%
Cap Rate
1.2%
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
1,701 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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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%
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