$3,750,000 Active
120 State Route 28 #24
Crystal Bay, NV 89402
✓ STR Allowed
Washoe County has no STR permit caps. No HOA restrictions found — single-family homes are generally allowed.
2 Beds
·
2.5 Baths
·
1,810 Sq Ft
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About This Property

Set within the Stillwater Cove lakefront community, the amenities are unmatched, featuring a full-service marina with gas dock, buoy field upon availability, sandy beach, tennis court, fitness center, swimming pool, dog park, playground, and private restaurant and clubhouse. Unit #24 has inviting living spaces and expansive lake views creating a comfortable Tahoe retreat. The main level brings together the living room, dining area, and kitchen, with a wood burning fireplace and large windows. A spacious deck is ideal for outdoor dining and entertaining. On the lower level, the primary suite offers a peaceful escape with picturesque windows, a gas fireplace, and an ensuite bathroom with a rain shower and soaking tub. A private patio extends the suite outdoors, creating a quiet place to enjoy the view. The spacious laundry room offers ample cabinetry and storage. An additional ensuite bedroom is tucked beyond the main living area, providing separation and privacy for family or guests.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 1019183
Days on Market 4
Price/Sq Ft $2,072

Property History

Sep 16, 2026
Listed for sale
$3,750,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2016 · county record $2,004,500 Deed record — brokerage sides not reported

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 2
Baths 2.5
Sq. Ft. 1,810
Year Built 1980
Property Type Condominium
County Washoe
STR Jurisdiction Washoe County
APN 123-272-17
Parking
Parking Features Covered,Garage
Attached Garage Yes
Exterior & Lot
View Lake,Mountain(s),Panoramic
Utilities & Systems
Heating Forced Air
Financial
Annual Tax $8,145
HOA Fee $2,327 / Monthly
HOA / Community Stillwater Cove
HOA & Community
Community Amenities Beach Rights,Clubhouse,Controlled Access,Management,Pier,Pool,Tennis Court(s)
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
60
PROJECTED GROSS ANNUAL REVENUE
$30K – $50K typically ~$40,000
~$3,333 per month
Avg Nightly
$342
Occupancy
32%
Cap Rate
0.4%

STR Investment Summary — 120 State Route 28 #24, Crystal Bay

Est. Gross Annual Revenue
$30K – $50K
typically ~$40,000
Avg Nightly Rate
$342
Projected Occupancy
32.0%
Cap Rate
0.4%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Crystal Bay market data (145 comparable 2-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

Over coverage limit
1,080 sq ft covered of 11 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
1,088 sq ft
Allowed Coverage
11 sq ft · 1%
Existing Coverage
1,080 sq ft · 99%
Addable Coverage
0 sq ft
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 ↗

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% ($750,000)
Home price
$3,750,000
Loan details
30-yr fixed, 6.5%
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