About This Property
At the highest point within Stillwater Cove, Residence #24 commands elevated waterfront views across the northern edge of Lake Tahoe, framing Incline Village and Diamond Peak in the distance. From this vantage, the marina and shoreline sit below while mountain ridgelines rise beyond, creating a layered perspective that feels private and composed. This generously scaled two-bedroom is designed for year-round comfort, balancing gathering spaces upstairs with quiet retreat below. The main living area is anchored by a wood-burning fireplace and wrapped in rich Tahoe textures. Dark wood floors, warm tones, grass cloth walls, granite countertops, and custom built-ins give the home depth and presence. Subtle architectural detail in the ironwork reinforces the alpine aesthetic without competing with the view. The upper deck functions as a true outdoor dining area, oriented toward the same expansive water views. It reads as a natural extension of the great room, with lake and ridgeline as the backdrop. Downstairs, the primary suite offers its own fireplace and private patio overlooking the lake, along with a walk-in closet and oversized bath that enhance the sense of scale. The secondary bedroom features custom built-ins and generous proportions consistent with the home's footprint. A generous half bath for guests on the main floor. Full laundry room with dedicated storage supports practical, long-term use. Stillwater Cove is a gated lakefront enclave defined by privacy, architectural consistency, and resort-level amenities. Residents enjoy a private sandy beach, full-service marina with buoy field and gas dock, heated lakefront pool and spa, fitness center, tennis courts, and a seasonal lakeside restaurant. The grounds are professionally managed and meticulously maintained, setting this community apart from typical lakefront condominium offerings. With Nevada tax advantages and access to Incline Village recreation amenities, Residence #24 offers elevated lake living within one of North Lake Tahoe's most exclusive waterfront settings.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jun 2016 · county record | $2,004,500 | Deed record — brokerage sides not reported | |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 120 NV-28, Crystal Bay
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
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings