$18,250,000
20 Calaneva
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
10 Beds
·
9.0 Baths
·
9,877 Sq Ft
·
38942 Lot

About This Property

This Bavarian-style compound was planned over 14 years with architect Brad Puttman create an 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, a travertine fireplace, antique Tole chandelier, and cabinetry of backlighted antique stained glass creating an atmosphere of old-world comfort and elegance while rooted in the natural splendor of Lake Tahoe. This property listing includes two parcels. Three cottages at 16 Cal Neva Drive (apn 123-041-11) and the main house at 20 Cal Neva Drive (apn 123-041-07). Square footage is approximate.

Listed by Jean Merkelbach — Engel & Volkers

Listing Details

Status Active
MLS # 1018559
Days on Market 111
Price/Sq Ft $1,848

Property History

Nov 10, 2025
Listed for sale
$18,250,000
Property Overview
Beds 10
Baths 9.0
Sq. Ft. 9,877
Lot Size 0.89 acres
Year Built 1952
Property Type Single Family Residence
APN 123-041-07
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
View Mountain(s)
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $8,030
📊

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%

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% ($3,650,000)
Home price
$18,250,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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