$4,900,000
120 State Road 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
·
43 Lot

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 # 142449
Days on Market 56
Price/Sq Ft $2,839

Property History

Jan 19, 2026
Listed for sale
$4,900,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,726
Lot Size 0.00 acres
Year Built 1980
Property Type Condominium
Subdivision Out of Area
APN 123-272-05
Parking
Garage Spaces 2
Attached Garage Yes
Exterior & Lot
Lot Features Lake Front
View Mountains, Lake, Forest, Ski Resort
Construction Wood Frame
Roof Composition
Foundation Post & Pier
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling Central Refrig. A/C
Financial
HOA Fee $2,200 / Monthly
HOA & Community
Community Amenities Pool, Tennis, Additional Parking, Beach, Dock, Pier, Marina, Park
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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%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($980,000)
Home price
$4,900,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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