$26,000,000 Closed
480 Gonowabie Road
Crystal Bay, NV 89402
SOLD 2025-07-08
Sold for $24,500,000 (listed at $26,000,000)
5 Beds
·
6.0 Baths
·
5,634 Sq Ft
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About This Property

Award-winning Architects present a modern take on the classic lake cabin. This exceptional new lakefront residence features unparalleled design and quality, complete with a private pier. The home consists of three structures connected by a glass bridge. A stunning great room, with warm materials and floor-to-ceiling glass, anchors the design with breathtaking lake views. Thoughtfully crafted courtyards capture sunlight throughout the day. Highlights include an oversized in-ground spa overlooking 100’ of lake frontage. The same developers behind 20 and 24 Crystal Dr deliver this 5-bedroom, 7-bath masterpiece. Seamless indoor-outdoor living enhances the ever-changing colors of Lake Tahoe. Awards include the 2023 AIA Nevada Honor Award, the 2023 American Architecture Award, and the 2024 SARA California Design Award of Merit.

Listed by Kerry Donovan — Chase International

Listing Details

Status Closed
MLS # 1016867
Sold Date 2025-07-08
Sold Price $24,500,000
Price/Sq Ft $4,615

Property History

Jan 08, 2025
Listed for sale
$26,000,000
Current
Sold
$24,500,000
Property Overview
Beds 5
Baths 6.0
Sq. Ft. 5,634
Lot Size 0.52 acres
Stories 3
Year Built 2022
Property Type Single Family Residence
Style Contemporary
County Washoe
STR Jurisdiction Washoe County
APN 123-131-09
Parking
Garage Spaces 2
Parking Features Two Car Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Deck
Lot Features Lake Front,Level
View Lake,Panoramic
Roof Metal,Pitched
Utilities & Systems
Heating Hot Water
Financial
Annual Tax $80,044

STR Investment Summary — 480 Gonowabie Road, Crystal Bay

Est. Gross Annual Revenue
$50K – $75K
typically ~$60,000
Avg Nightly Rate
$514
Projected Occupancy
32.0%
Cap Rate
0.1%
Structural Score: 56 / 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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
157 sq ft covered of 225 sq ft allowed
68 sq ft of coverage still available to add.
Parcel Size
22,518 sq ft
Allowed Coverage
225 sq ft · 1%
Existing Coverage
157 sq ft · 1%
Addable Coverage
68 sq ft
IPES Score
827.0
Existing Units
1

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗
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