$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)
7 Beds
·
11.0 Baths
·
16,232 Sq Ft

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It sold for $42,000,000 on 2025-12-05, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

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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 # 20252326
Sold Date 2025-12-05
Sold Price $42,000,000
Price/Sq Ft $2,649

Property History

Oct 15, 2025
Listed for sale
$43,000,000
Current
Sold
$42,000,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2025 $42,000,000 William DietzTahoe Luxury Properties William DietzTahoe Luxury Properties

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 7
Baths 11.0
Sq. Ft. 16,232
Lot Size 5.14 acres
Year Built 2015
Property Type Single Family Residence
Style Other
Subdivision SurroundingArea
County Washoe
STR Jurisdiction Washoe County
APN 12321101 & 02
Parking
Parking Features Four +, Heated Drive
Exterior & Lot
Lot Features Landscaped
View Lake, Panoramic-Lake, Mountain(s)
Roof Slate
Foundation Other
Utilities & Systems
Heating Natural Gas
Cooling Air Conditioning

STR Investment Summary — 300 State Route 28, Crystal Bay

Est. Gross Annual Revenue
$50K – $70K
typically ~$60,000
Avg Nightly Rate
$609
Projected Occupancy
27.0%
Cap Rate
0.1%
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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