NOT LISTED FOR SALE

1028 Skyland Dr Zephyr Cove, NV 89448

Cave Rock Neighborhood

Estimated Value: $2,612,000 - $14,428,864

8 Beds
13 Baths
20,000 Sq Ft
$343/Sq Ft Est. Value

Last Sold December 28, 2012

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

Est. 43% decrease in value since last sale

Current estimated payment $45,526/month

7 Days on Market

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 Listed By

Jean Merkelbach

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

Engel & Volkers

Home Details

Home Type

Single Family

Est. Annual Taxes

$87,467

Year Built

2004

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
Total Days on Market
7
Current Estimated Value
$6,863,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,136,045
Avg. Annual Appreciation
-4.42%

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
Stand Alone Refi Refinance Of Original Loan

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Open Arden Companies Llc $12,350,000
Previous Owner Costa Richard $5,600,000
Previous Owner Costa Richard $3,000,000
Previous Owner Costa Richard $3,750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    15 in this area

    171 Total Sales

    Jean Merkelbach
    Section Image
See All Agents

Map

Source: Incline Village REALTORS®

MLS Number: 940864

Incline Village REALTORS®

APN: 1318-03-210-005

Nevada Douglas County Zephyr Cove Cave Rock

1028 Skyland Dr, Zephyr Cove, NV

Homes for Sale in Zephyr Cove, NV

This home is located at 1028 Skyland Dr, Zephyr Cove, NV 89448 since 20 November 2012 and is currently estimated at $6,863,955, approximately $343 per square foot. This property was built in 2004. 1028 Skyland Dr is a home located in Douglas County with nearby schools including Zephyr Cove Elementary School, George Whittell High School, and Douglas County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Incline Village REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.