$43,000,000 Closed
300 State Route 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 # 1018488
Sold Date 2025-12-05
Sold Price $42,000,000
Price/Sq Ft $2,649

Property History

Oct 01, 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
Year Built 2015
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-211-01 & 02
Parking
Garage Spaces 4
Parking Features Four Car Garage,Four or more Spaces,Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Lift,Deck,Dock,Garden,Heated Driveway,Hot Tub/Spa,Landscaping,Water Feature
Lot Features Pond on Lot
View Lake,Mountain(s),Panoramic
Roof Concrete,Slate
Utilities & Systems
Heating Natural Gas,Electric,Forced Air,Gas
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $164,195

STR Investment Summary — 300 State Route 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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