$4,900,000 Active
120 State Route 28 #6
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.5 Baths
·
1,726 Sq Ft

About This Property

With panoramic lake views that sweep across Tahoe's brilliant shores, this meticulously reimagined residence at Stillwater Cove captures the essence of luxury, privacy, and effortless sophistication. Set within one of the lake's most exclusive gated communities, the home combines a comprehensive redesign and reconstruction with timeless architectural integrity-executed to exacting standards with custom cabinetry, artisan finishes, tailored detailing, and architectural lighting that elevate every space. Inside, natural light pours through expansive windows framing panoramic east-facing lake views-the kind that glow with morning light and the rose-gold alpenglow that lights up the mountains at dusk. The open-concept great room centers on a dramatic stone fireplace and boasts a direct lake view, complemented by wide-plank oak flooring and artful craftsmanship. The chef's kitchen, fitted with premium appliances and custom millwork, also enjoys a front-row lake view and flows seamlessly into the dining area and spacious lakeview deck-perfect for quiet mornings or elegant lakeside entertaining. The primary suite shares those panoramic lake views and features a stone fireplace, spa-inspired bath, walk-in closet, and private deck overlooking the lake, while the guest suite includes its own serene spa bath and thoughtful separation for privacy. Every design element-from the cabinetry and finishes to the custom lighting plan-reflects refined Tahoe sophistication. Set within a modern redwood-style mountain lodge on the southern edge of the property, the residence enjoys a unique sense of seclusion-one of only four homes in the building and just forty-seven in the entire community. The result feels intimate and bespoke, more private enclave than condominium. Stillwater's common areas are artfully curated with natural elements-towering pines, sculpted granite boulders, and native wildflowers-creating a sense of serene seclusion and the unmistakable feeling of being truly "in Tahoe." Residents of Stillwater Cove enjoy an unrivaled amenity package: a private marina, sandy beach, lakefront pool, tennis courts, fitness center, and on-site restaurant-a lifestyle without parallel on Lake Tahoe. The home also includes air conditioning, upgraded heating and cooling systems, in-unit laundry, garage parking, a private dog run, and a golf cart that conveys with ownership. Concierge and property management services make ownership effortless, whether as a full-time residence or lock-and-leave retreat. Set on the Nevada side of Lake Tahoe, residents benefit from favorable tax advantages and proximity to Incline Village's dining, golf, and year-round recreation, plus world-class skiing just minutes away. Stillwater Cove #6 - a masterfully crafted lake view retreat where design integrity meets Tahoe's effortless elegance.

Listed by Dena Van Blaricom — Sierra Sotheby's International

Listing Details

Status Active
MLS # 250057302
Days on Market 199
Price/Sq Ft $2,839

Property History

Oct 21, 2025
Listed for sale
$4,900,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,726
Stories 2
Year Built 1980
Property Type Townhouse
Subdivision Stillwater Cove
County Washoe
STR Jurisdiction Washoe County
APN 12327205
Parking
Garage Spaces 2
Total Parking 2
Parking Features Additional Parking, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Dog Run, Tennis Court(s)
Lot Features Adjoins Lake, Adjoins Split Lake Front, Common Area, Sloped Down, Wooded
View Mountain(s), Ski Resort, Trees/Woods
Roof Composition
Foundation Raised
Pool & Spa
Pool Fenced, Heated, In Ground, Outdoor Pool
Utilities & Systems
Heating Fireplace(s), Forced Air
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $9,166
HOA Fee $6,600 / Quarterly
HOA / Community Stillwater Cove Condominiums
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village
HOA & Community
Community Amenities Clubhouse, Fitness Center, Gated, Landscaping, Management, Parking, Pool, Security, Spa/Hot Tub, Tennis Court(s)
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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 — 120 State Route 28 #6, Crystal Bay

Est. Annual Revenue
$262,899
Avg Nightly Rate
$2247
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 76 / 100 (Luxury) · 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% ($980,000)
Home price
$4,900,000
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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