$10,995,000 Active
120 State Route 28 #47
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
4 Beds
·
4.5 Baths
·
4,020 Sq Ft
Virtual Tour

About This Property

Widely regarded as the premier residence within Stillwater Cove, this meticulously reimagined 4,000+ sq foot 4 bedroom end-unit was taken to the studs and rebuilt under renowned contractor Peter Angella. Every surface and system executed to an uncompromising standard. Wide-plank hardwood floors, Miele appliances, in-floor hydronic heat, fully air conditioned, and a Generac backup battery system. Bespoke design moments throughout: a television that slides from behind the fireplace, backlit acoustical panels, and galaxy light fixtures cascading through the floating staircase. Oversized windows and an expanded deck frame panoramic, unobstructed forest and panoramic Lake Tahoe views. Stillwater Cove is without peer on the Nevada North Shore — marina-style pier, buoy field, private beach, pool, tennis, covered parking, and a private on-site restaurant. Onsite management 24/7. Buoys and boat slips subject to association availability.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 1018839
Price/Sq Ft $2,735

Property History

May 01, 2026
Listed for sale
$10,995,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,020
Stories 3
Year Built 1980
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 123-271-01
Parking
Parking Features Assigned,Covered,Garage,Gated,Off Street,Deck
Attached Garage Yes
Exterior & Lot
View Lake,Mountain(s),Panoramic,Ski Area
Roof Composition
Utilities & Systems
Heating Hot Water
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $22,643
HOA Fee $14,892 / Quarterly
HOA / Community On Site
HOA & Community
Community Amenities Beach Rights,Clubhouse,Controlled Access,Fitness Center,Management,Pier,Pool,Tennis Court(s)
📊

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 — 120 State Route 28 #47, Crystal Bay

Est. Annual Revenue
$468,117
Avg Nightly Rate
$4001
Projected Occupancy
32.0%
Cap Rate
1.7%
Structural Score: 63 / 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% ($2,199,000)
Home price
$10,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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