$12,000,000
SOLD DEC 28, 2012

1028 Skyland Dr Zephyr Cove, NV 89448

Cave Rock Neighborhood
8 Beds
13 Baths
20,000 Sq Ft
0.63 Acres

Recently Sold

$600 Per Sq Ft

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 Agent to Sell the Property

Jean Merkelbach

Engel & Volkers License #B.12934

Engel & Volkers

Last Buyer's Agent

Jean Merkelbach

Engel & Volkers License #B.12934

Engel & Volkers

Map

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

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $12,350,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,600,000 Unknown
Previous Owner $3,000,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $3,750,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Bargain Sale Deed -- First Americantitle
Bargain Sale Deed $8,500,000 None Available
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title
Source: Public Records

Source: Incline Village REALTORS®

MLS Number: 940864

Incline Village REALTORS®

APN: 1318-03-210-005