$3,990,000 $4,395,000 ↓ $405,000 reduced
120 State Route 28 #24
Crystal Bay, NV 89402

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✗ STR Not Allowed
Washoe County has no STR permit caps, but Stillwater Cove HOA does not allow short-term rentals.
2 Beds
·
2.5 Baths
·
1,810 Sq Ft
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Our data on this home

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.

Listed by Camille Duvall-Hero — Sierra Sotheby's Int - Rock

Listing Details

Status Withdrawn
MLS # 20260256
Days on Market 238
Price/Sq Ft $2,204

Property History

Mar 01, 2026
Listed for sale
$4,395,000

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,810
Year Built 1980
Property Type Residential
Style Old Tahoe
Subdivision SurroundingArea
County Washoe
STR Jurisdiction Washoe County
APN 12327217
Parking
Garage Spaces 2
Parking Features Two
Attached Garage Yes
Financial
HOA Fee $2,200 / Monthly
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
69
No revenue projection. This HOA does not allow short-term rentals.

STR Investment Summary — 120 State Route 28 #24, Crystal Bay

No revenue projection. This HOA does not allow short-term rentals.
Structural Score: 69 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

Standard homeowners policy for this home

$1,800 – $2,700/yr
about $188/mo
Est. Rebuild Cost (Coverage A)
$543,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

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

$23,828 per month
Principal & interest
$20,176/mo
Property taxes
$1,264/mo
Estimated at 0.38% of the price, what bills here typically run: a Nevada bill doesn't reset when a home sells.
HOA dues
$2,200/mo
From MLS listing data.
Home insurance
$188/mo
Estimated ~$1,800–$2,700/yr — get a local broker quote for accuracy.
Down payment
20% ($798,000)
Home price
$3,990,000
Loan details
30-yr fixed, 6.5%
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