$4,900,000
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

With panoramic lake views sweeping across Lake Tahoe, this exquisitely reimagined Stillwater Cove residence embodies refined mountain luxury. A comprehensive redesign of this two-bedroom two-and-a-half-bath home reveals custom cabinetry, artisan finishes, and architectural lighting throughout. The great room with its granite-clad fireplace and chef’s kitchen open to a spacious lakeview deck, while the primary suite offers its own private deck, gas fireplace, spa bath, and walk-in closet all sharing those signature panoramic lakeview views. Privately positioned on Stillwater’s secluded southern edge, the home enjoys rare serenity and exceptional lake orientation, surrounded by native pines, granite boulders, and wildflowers. Owners enjoy a private marina, buoy field, beach, pool, tennis, fitness center + seasonal restaurant. Concierge and on-site management provide effortless lakefront living in one of Tahoe’s most coveted addresses with Nevada-side tax advantages. Features: - Central AC - Central Vac - Golf cart - Private dog run included.

Listed by Camille Duvall-Hero — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20252350
Days on Market 149
Price/Sq Ft $2,839

Property History

Oct 20, 2025
Listed for sale
$4,900,000
Property Overview
Beds 2
Baths 2.5
Sq. Ft. 1,726
Stories 3
Year Built 1980
Property Type Residential
Style Mountain
Subdivision SurroundingArea
APN 123-272-05
Parking
Parking Features Two
Exterior & Lot
Exterior Features Central Vacuum,Landscaping,Phone,Cable TV,Swimming Pool,Tennis Court,High Speed Internet,Air Conditioning
Lot Features Downslope
View Panoramic-Lake,Wooded,Mountain
Construction Framed,Wooded
Roof Composition
Utilities & Systems
Water Source Buoy Limited,Shared Pier
Financial
HOA Fee $6,600
HOA / Community https://stillwatercovehoa.com/
HOA & Community
Community Amenities Beach Access,Pool,Tennis Courts,Exercise Equipment
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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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