NOT LISTED FOR SALE

1028 Skyland Dr Zephyr Cove, NV 89448

Estimated Value: $3,595,000 - $14,980,545

8 Beds
13 Baths
20,000 Sq Ft
$375/Sq Ft Est. Value

Last Sold December 28, 2012

Last sale price $12,000,000 $600 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $46,722/month

7 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • In Ground Pool
  • Zephyr Cove Elementary School Rated A-
  • Boat Ramp
  • Panoramic View

About This Home

As of December 2012

Villa Costa, the Lake Tahoe estate of the legendary Bill Harrah was redesigned & completed in 2004, with approx 20K SqFt of living space; 12 principal rooms or areas; 8 bedrooms; 11 full bathrooms; 2 half bath, staff quarters, theater and 5-car Gar.

Last Agent to Sell the Property

Jean Merkelbach

Engel & Volkers License #B.12934 Listed on: 11/20/2012

Engel & Volkers

Last Buyer's Agent

Jean Merkelbach

Engel & Volkers License #B.12934 Listed on: 11/20/2012

Engel & Volkers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,350

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 0.63 Acre Lot
  • Lake Front
  • Landscaped
  • Sloped Lot
  • Irrigation

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Panoramic
  • Woods
  • Mountain

Home Design

  • Pitched Roof
  • Shingle Roof
  • Wood Roof

Interior Spaces

  • 20,000 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Stove
  • Mud Room
  • Loft

Kitchen

  • Walk-In Pantry
  • Gas Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • In Ground Pool
  • Beach Access
  • Boat Ramp
  • Deck
  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 1318032120056

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,350

Year Built

Built in 2004 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.63
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 2004
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Possible Use: Single Family
  • Appliances: Dishwasher, Electric Range, Disposal, Gas Range, Microwave, Refrigerator, Trash Compactor
  • Other Equipment: Intercom
  • Full Bathrooms: 11
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace Features: Two, Wood Burning Stove
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Slate, Tile
  • Interior Amenities: Beamed Ceilings, Wet Bar, Cathedral Ceiling(s), Central Vacuum, Loft, Mud Room, Walk-In Pantry
  • Living Area: 20000.0

Exterior Features

  • Pool Features: In Ground
  • Topography: Sloping
  • View: Lake, Mountain(s), Panoramic, Trees/Woods
  • View: Yes
  • Waterfront Features: Boat Ramp/Lift Access, Beach Access
  • Home Warranty: No
  • Exterior Features: Barbecue, Deck, Sprinkler/Irrigation, Landscaping, Patio
  • Patio And Porch Features: Covered, Deck, Patio
  • Property Condition: Updated/Remodeled
  • Roof: Pitched, Shingle, Wood

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Attached, Four Car Garage, Four or more Spaces, Garage, Garage Door Opener

Utilities

  • Security: Security System, Fire Alarm
  • Heating: Forced Air, Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 1318032120056
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 46350.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2012
Closed on
Dec 21, 2012
Sold by
Costa Linda Lee
Bought by
Costa Richard R
Seller's Agent
Jean Merkelbach
Engel & Volkers
Buyer's Agent
Jean Merkelbach
Engel & Volkers
List Price
$12,000,000
Sold Price
$12,000,000
Current Estimated Value
$7,496,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,503,485
Avg. Annual Appreciation
-3.57%

Purchase Details

Listed on
Nov 20, 2012
Closed on
Dec 20, 2012
Sold by
Costa Richard
Bought by
Arden Companies Llc and The Vmf Trust
Seller's Agent
Jean Merkelbach
Engel & Volkers
Buyer's Agent
Jean Merkelbach
Engel & Volkers
List Price
$12,000,000
Sold Price
$12,000,000

Purchase Details

Closed on
Jul 10, 2007
Sold by
Costa Richard
Bought by
Costa Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 2006
Sold by
Costa Richard
Bought by
Costa Richard

Purchase Details

Closed on
Apr 12, 2005
Sold by
Costa Richard
Bought by
Costa Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,750,000
Interest Rate
1.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Costa Richard R -- First Americantitle
Arden Companies Llc $8,500,000 None Available
Costa Richard -- Stewart Title
Costa Richard -- Stewart Title
Costa Richard -- None Available
Costa Richard -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Costa Richard $3,000,000
Previous Owner Costa Richard $3,750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2012 12/28/12 Sold $12,000,000 +41.2% $600 / Sq Ft
12/28/2012 12/28/12 Sold $8,500,000 -29.2% $425 / Sq Ft View Prior Sale
12/21/2012 12/21/12 Pending -- -- --
11/28/2012 11/28/12 Pending -- -- --
11/20/2012 11/20/12 For Sale $12,000,000 -33.1% $600 / Sq Ft
06/30/2012 06/30/12 For Sale $17,950,000 -- $898 / Sq Ft
Source: Incline Village REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $87,467 $2,912,504 $1,914,500 $998,004
2024 $81,144 $2,857,914 $1,848,000 $1,009,914
2023 $81,144 $2,797,857 $1,848,000 $949,857
2022 $75,052 $2,575,364 $1,680,000 $895,364
2021 $69,494 $2,386,692 $1,522,500 $864,192
2020 $67,236 $2,366,302 $1,522,500 $843,802
2019 $64,987 $2,458,293 $1,624,000 $834,293
2018 $60,665 $2,166,309 $1,400,000 $766,309
2017 $58,184 $2,168,747 $1,400,000 $768,747
2016 $52,972 $1,858,588 $1,225,000 $633,588
2015 $52,776 $1,858,588 $1,225,000 $633,588
2014 $51,150 $1,823,070 $1,225,000 $598,070
Source: Public Records

Agents Affiliated with this Home

  • Jean Merkelbach

    Seller's Agent in 2012

    Jean Merkelbach

    Engel & Volkers

    (775) 588-7710

    10 in this area

    162 Total Sales

    Jean Merkelbach
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Map

Source: Incline Village REALTORS®

MLS Number: 940864

Incline Village REALTORS®

APN: 1318-03-210-005

Nevada Douglas County Zephyr Cove 89448

1028 Skyland Dr, Zephyr Cove, NV

Not Listed for Sale

Detached

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