$4,900,000 Active
120 State Route 28 #6
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
·
1,726 Sq Ft
Virtual Tour

About This Property

Perched above the water in one of North Lake Tahoe's most exclusive gated enclaves, this completely reimagined residence at Stillwater Cove (120 Highway 28 #6, Crystal Bay, NV) captures the essence of modern mountain living. The home's panoramic lake views are nothing short of spectacular - walls of glass fill the great room with light and frame Tahoe's brilliant blue expanse from sunrise to sunset.Designed for those who appreciate understated elegance and mountain-luxe comfort, the residence feels both intimate and refined, with only four homes in the building. The open living area showcases wide-plank oak floors, slab-granite surfaces, custom cabinetry, and a stone-clad gas fireplace anchoring the great room in warmth and sophistication.The primary suite faces the lake and opens to a private deck, offering a second gas fireplace and a spa-inspired bath for cozy evenings and quiet mornings. The secondary suite enjoys tranquil forest views and its own patio. Thoughtful details include central air conditioning, a private dog run, furnished interiors, and a golf cart for effortless movement through the property.Residents of Stillwater Cove enjoy resort-style amenities: a full-service marina with buoy field and private gas dock, heated lakefront pool and spa, private sandy beach, fitness center, tennis courts, and a year-round lakeside restaurant, all within a beautifully maintained, gated community landscaped with native wildflowers and granite boulders that echo Tahoe's natural beauty.Ownership also includes resident access to Incline Village's recreation amenities-championship golf, tennis, pickleball, fitness center, and pool facilities, creating a true four-season Tahoe lifestyle.With its Nevada address providing tax-advantaged ownership, this residence combines architectural sophistication, breathtaking views, and the financial benefits of one of the region's most desirable North Shore locations.

Listed by Camille Duvall-Hero — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143122
Sold Date 1800-01-01
Price/Sq Ft $2,839

Property History

Jun 26, 2026
Listed for sale
$4,900,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,726
Year Built 1980
Property Type Condominium
Subdivision Out of Area
County Washoe
STR Jurisdiction Washoe County
APN 12327205
Exterior & Lot
Exterior Features Spa/Hot Tub, Tennis Courts, Bear-Proof Trash Can, Boat Slip, Dog Run, Boat Dock
Lot Features Lake Front
View Mountains, Lake, Forest, Ski Resort
Construction Wood Frame, Stucco, Wood Siding
Roof Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool In Ground Pool
Utilities & Systems
Heating Radiant Heat-Ceiling
Cooling Central Refrig. A/C
Financial
Annual Tax $100,060
HOA Fee $2,200 / Monthly
HOA & Community
Community Amenities Pool, Tennis, Spa, Hot Tub, Club House, Additional Parking, Security, Beach, Dock, Pier, Marina, Park
📊

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%

STR Investment Summary — 120 State Route 28 #6, Crystal Bay

Est. Annual Revenue
$254,241
Avg Nightly Rate
$2173
Projected Occupancy
32.0%
Cap Rate
2.1%
Structural Score: 62 / 100 (Premium) · STR Zone: Green

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

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% ($980,000)
Home price
$4,900,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373