$1,400,000 Closed
424 State Route 28
Crystal Bay, NV 89402
SOLD 2025-12-08
Sold for $1,400,000
2 Beds
·
2.0 Baths
·
1,350 Sq Ft

About This Property

Discover an exceptional development opportunity showcasing breathtaking panoramic views of Lake Tahoe. This charming Old-World-style mountain cabin exudes timeless character and offers endless potential for expansion or redesign. A separate lower-level unit provides the flexibility of guest accommodations or additional rental income. Set in a tranquil and private location, the property invites you to reimagine it into a modern mountain retreat that perfectly complements Tahoe’s natural beauty. Adjacent to pristine state-owned land protected from future development, this home offers a rare sense of seclusion and enduring, unobstructed views.

Listed by Bruce Soli — Engel & Volkers

Listing Details

Status Closed
MLS # 1018548
Sold Date 2025-12-08
Sold Price $1,400,000
Price/Sq Ft $1,037

Property History

Nov 02, 2025
Listed for sale
$1,400,000
Current
Sold
$1,400,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,350
Lot Size 0.20 acres
Stories 2
Year Built 1960
Property Type Single Family Residence
Style Mountain
County Washoe
STR Jurisdiction Washoe County
APN 123-133-23
Parking
Parking Features Carport,No Garage,Off Street
Attached Garage Yes
Exterior & Lot
Exterior Features Deck,Patio
Lot Features Sloped
View Lake,Mountain(s),Panoramic,Ski Area
Construction Frame
Roof Composition,Pitched
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $2,326

STR Investment Summary — 424 State Route 28, Crystal Bay

Est. Annual Revenue
$33,203
Avg Nightly Rate
$243
Projected Occupancy
36.6%
Cap Rate
0.9%
Structural Score: 40 / 100 (Standard) · STR Zone: Green

Based on comparable vacation rental performance data for Crystal Bay. Revenue projections are estimates and may vary.

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