$45,000,000 Active
580 Gonowabie Road
Crystal Bay, CA 89402
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.
4 Beds
·
4.5 Baths
·
9,976 Sq Ft
Virtual Tour

About This Property

Architecturally significant and masterfully engineered, this nearly 10,000 sq ft residence is one of Lake Tahoe's most striking modern homes. Designed by internationally acclaimed architect Mark Dziewulski, the estate is sculpted of glass and steel and perched above 98 feet of pristine Crystal Bay shoreline. A commercial-grade elevator encased in glass, a five-story floating staircase of layered glass, and floor-to-ceiling windows that tilt the eye toward the lake—every element is a feat of design and innovation. The home features 4-bedrooms, 4.5 baths, multiple lounge spaces, a dedicated spa and wellness center with gym, steam room, and a hot tub that fills and drains at the touch of a button. The upper-level great room and butler's kitchen open to a heated lakeview deck through a massive pivoting glass door, perfect for entertaining. Custom cabinetry, radiant heat, recessed blinds, a heated driveway, and a large full-home generator deliver comfort with elevated precision. Outdoors, enjoy a steel and Trex pier with a 3 ton boat lift, two buoys, a landscaped lawn at the water's edge, and rare privacy for a lakefront parcel of this caliber. The .49-acre lot is designed for seamless lakeside living, complete with architectural landscaping and automated irrigation. A granite sculpture by famed artist Jesús Moroles anchors the property in artistic legacy. Located in Nevada with no state income tax, this offering combines refined lifestyle with long-term financial advantage. Offered with full furnishings negotiable. This is not just a lakefront home—it's a livable work of art.

Listed by Breck Overall — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20251318
Days on Market 294
Price/Sq Ft $4,511

Property History

Jun 12, 2025
Listed for sale
$45,000,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 9,976
Lot Size 0.49 acres
Year Built 2008
Property Type Single Family Residence
Style Contemporary
Subdivision SurroundingArea
County Washoe
STR Jurisdiction Washoe County
APN 123-101-08
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Steam Shower,Wine Room,Air Conditioning
Lot Features Downslope
View Lake,Panoramic-Lake,Panoramic
Construction Steel
Foundation Perim Concrete
Utilities & Systems
Heating Hydronic
Water Source Buoy,Boat Lift,Pier
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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 — 580 Gonowabie Road, Crystal Bay

Est. Annual Revenue
$1,040,832
Avg Nightly Rate
$8896
Projected Occupancy
32.0%
Cap Rate
0.9%
Structural Score: 63 / 100 (Premium) · STR Zone: Red

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% ($9,000,000)
Home price
$45,000,000
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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