$1,700,000 Active
436 State Route 28
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.

About This Property

A rare offering along Tahoe’s fabled north shore, 436 State Route 28 presents a generational opportunity to build an architectural legacy on the Nevada side of the lake. Set just steps from the water’s edge in Crystal Bay, this vacant lot spans approximately .28 acres, with favorable topography and sweeping views of Lake Tahoe’s cobalt expanse. Zoned for residential development and free of existing structures, the parcel offers a blank canvas in one of Tahoe’s most coveted, tax-advantaged lakeside enclaves. Whether you envision a dramatic estate or a sleek modern retreat tucked into the pines, this is where vision meets possibility. With direct access from Highway 28 and proximity to world-class skiing, golf, and the dining and entertainment of Incline Village, 436 State Route 28 places you at the center of it all—yet a world away.

Listed by Ryan Mitchell — Compass

Listing Details

Status Active
MLS # 1019061

Property History

Jul 17, 2026
Listed for sale
$1,700,000
Property Overview
Lot Size 0.28 acres
Property Type Single Family Residence
County Washoe
STR Jurisdiction Washoe County
APN 123-133-12
Exterior & Lot
View Lake
Financial
Annual Tax $921
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
0 sq ft covered of 121 sq ft allowed
121 sq ft of coverage still available to add.
Parcel Size
12,112 sq ft
Allowed Coverage
121 sq ft · 1%
Existing Coverage
0 sq ft
Addable Coverage
121 sq ft
IPES Score
798.0

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($340,000)
Home price
$1,700,000
Loan details
30-yr fixed, 6.5%
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