$43,000,000 Closed
300 State Hwy 28
Crystal Bay, NV 89402
SOLD 2025-12-05
Sold for $42,000,000 (listed at $43,000,000)
8 Beds
·
11.0 Baths
·
16,232 Sq Ft

About This Property

Perched above the deep blue waters of Lake Tahoe, Crystal Pointe presents a rare sanctuary where nature, architecture, and artistry unite. Pass through the private gates and immediately, the grandeur reveals itself. Pathways meander through sculpted gardens, waterfalls, and a level lawn. This 5.14 acre compound includes a separate lakeside home with an open great room, full kitchen, and expansive indoor/outdoor living. Step inside the main residence, where soaring windows frame the lake and each room is thoughtfully designed with custom details. From silk wallpaper in the state of the art theater to the perfectly positioned fossil stone floors, this home features rare architectural elements. Within the main house there is a guest wing with four ensuite bedrooms, a kitchen, living space and laundry. There is also a caretaker residence below the garage. The two glass funiculars and elevators provide direct access to the 525 feet of lake frontage and deep water pier with two boat lifts.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Closed
MLS # 250057107
Sold Date 2025-12-05
Sold Price $42,000,000
Price/Sq Ft $2,649

Property History

Oct 16, 2025
Listed for sale
$43,000,000
Current
Sold
$42,000,000
Property Overview
Beds 8
Baths 11.0
Sq. Ft. 16,232
Lot Size 5.14 acres
Stories 2
Year Built 2015
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-21-01 & 02
Parking
Garage Spaces 4
Total Parking 16
Parking Features Electric Vehicle Charging Station(s), Garage, Heated Driveway
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Fire Pit
Lot Features Adjoins Lake, Landscaped, Sloped Down
Construction Steel Frame, Stucco
Foundation Crawl Space
Utilities & Systems
Heating Forced Air
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $164,195
Schools
Elementary School Incline
Middle School Incline Village
High School Incline Village

STR Investment Summary — 300 State Hwy 28, Crystal Bay

Est. Gross Annual Revenue
$40K – $65K
typically ~$50,000
Avg Nightly Rate
$571
Projected Occupancy
24.0%
Cap Rate
0.0%
Structural Score: 64 / 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.

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