$3,600,000 Closed
240 State Route 28
Crystal Bay, NV 89402
SOLD 2026-03-27
Sold for $3,200,000 (listed at $3,600,000)
3 Beds
·
3.0 Baths
·
3,220 Sq Ft
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About This Property

Imagine mornings where the first light of day dances across Lake Tahoe’s glassy surface, pouring into your windows and greeting you with 150° of uninterrupted, panoramic lake & Mountain Views. Life slows down here, whether you’re sipping coffee on the deck, watching the sunrise over the mountains, or heading out for some outdoor Tahoe fun. Nestled on .48 acres and bordered on three sides by pristine Nevada State Conservancy Land, this home offers rare privacy with the lake as your daily backdrop. All 3 levels are plumbed for kitchen utilities, creating possibilities for multi-generational living or a rental retreat. With frontage road access and space to expand, the future of this property is as open as its views. Life is about sun-drenched afternoons on the lake, quiet evenings under the stars with the spectacular moonrise over Crystal Bay, and the peace of knowing the mountains and water are always in view. This is more than a home…it’s a Tahoe lifestyle waiting for your story.

Listed by Bruce Soli — Engel & Volkers

Listing Details

Status Closed
MLS # 1018389
Sold Date 2026-03-27
Sold Price $3,200,000
Price/Sq Ft $1,118

Property History

Aug 07, 2025
Listed for sale
$3,600,000
Current
Sold
$3,200,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 3,220
Lot Size 0.48 acres
Stories 3
Year Built 1986
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 123-161-25
Parking
Garage Spaces 2
Parking Features Door-Multi,Garage,Two Car Garage,Off Street,Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Private Yard
Lot Features Acreage,Backs to Greenbelt/Park,Irregular Lot
View Lake,Mountain(s),Panoramic,Ski Area
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Baseboard,Hot Water
Financial
Annual Tax $11,161

STR Investment Summary — 240 State Route 28, Crystal Bay

Est. Gross Annual Revenue
$50K – $75K
typically ~$65,000
Avg Nightly Rate
$557
Projected Occupancy
32.0%
Cap Rate
0.7%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Crystal Bay market data (150 comparable 3-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
6,054 sq ft covered of 213 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
21,347 sq ft
Allowed Coverage
213 sq ft · 1%
Existing Coverage
6,054 sq ft · 28%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗ How the Basin compares
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