$8,500,000
SOLD DEC 28, 2012

1028 Skyland Dr Zephyr Cove, NV 89448

8 Beds
11 Baths
20,000 Sq Ft
0.63 Acres

Recently Sold

$425 Per Sq Ft

53% Below List Price

174 Days on Market

Highlights

  • Pier
  • Heated Driveway
  • Two Primary Bedrooms
  • Zephyr Cove Elementary School Rated A-
  • In Ground Pool
  • Waterfront

About This Home

As of December 2012

Villa Costa,the Lake Tahoe estate of the legendary Bill Harrah was redesigned and completed in 2004. With approximately twenty thousand square feet of living space; twelve principal rooms or areas; eight bedrooms; eleven full bathrooms; two half baths; staff quarters; theater and five car garage. The exterior of this international style Villa was crafted almost entirely of imported Italian hand-quarried quartzite block ~ hand-cut and hand-fitted by masons from Italy., The circular driveway and porte-cochere are heated with a snowmelt system. The residence has natural gas-fired heating; air conditioning and a back-up generator. The interior decor features various natural woods ~ vertical-grain fir, oak and birch presented in a wide range of finishes and applications; decorative walls; 120 marble slabs; and stained glass create an air of quiet understated elegance. The offering is made complete with the multi-vessel pier; buoys, two sandy beaches, infinity pool and spa.

Last Agent to Sell the Property

Jean Merkelbach

Engel & Volkers Lake Tahoe License #B.12934 Listed on: 07/01/2012

Engel & Volkers Lake Tahoe

Last Buyer's Agent

Jean Merkelbach

Engel & Volkers Lake Tahoe License #B.12934 Listed on: 07/01/2012

Engel & Volkers Lake Tahoe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,350

Year Built

  • Built in 2004

Lot Details

  • 0.63 Acre Lot
  • Waterfront
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 5 Car Attached Garage
  • Tandem Parking
  • Heated Driveway

Home Design

  • Brick or Stone Veneer
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Frame Construction
  • Pitched Roof
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 20,000 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • High Ceiling
  • Circulating Fireplace
  • Triple Pane Windows
  • Low Emissivity Windows
  • Drapes & Rods
  • Blinds
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Library
  • Recreation Room
  • Bonus Room
  • Game Room
  • Workshop
  • Mountain Views
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Brick
  • Carpet
  • Radiant Floor
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Laundry in Hall
  • Laundry in Bathroom
  • Dryer
  • Washer
  • Sink Near Laundry
  • Laundry Cabinets
  • Shelves in Laundry Area

Home Security

  • Security System Owned
  • Intercom
  • Fire and Smoke Detector

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • In Ground Pool
  • Pier
  • Property is near a lake
  • Lake, Pond or Stream
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Storage Shed
  • Barbecue Stubbed In

Schools

  • Zephyr Cove Elementary School
  • Whittell High School - Grades 7 + 8 Middle School
  • Whittell - Grades 9-12 High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Power Generator
  • Gas Water Heater
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 1318032120056

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,350

Year Built

Built in 2004

Lot Details

0

Parking

5

Listing Details

  • Year Built: 2004
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Adjoins Lake, Gentle Sloping, Landscaped, Level, Sprinklers In Front
  • Lot Size Acres: 0.63
  • Has View?: Yes
  • Security Features: Security System Owned, Smoke Detector(s)
  • Association Amenities: None
  • Has H O A?: No
  • Co List Office Mls Id: 1474-o
  • Co List Office Phone: 775-588-7710
  • Directions: Tahoe Drive
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 20000.0
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Zephyr Cove
  • Tax Legal Middle Or Junior School2: Whittell High School - Grades 7 + 8
  • Tax Legal High School: Whittell - Grades 9-12
  • Tax Legal Tax Annual Amount: 46349.82
  • Tax Legal Zoning4: SFR
  • Association Community Association Y N3: No
  • Building Stories5: 3
  • Building Property Attached Y N: No
  • Building Home Warranty Y N: Yes
  • Lot Lot Size Acres2: 0.63
  • Lot Lot Size Square Feet2: 27442.8
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Foundation Details Crawl Space: Yes
  • Foundation Details Slab: Yes
  • Lot Features Level: Yes
  • Lot Features Sprinklers In Front: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Sprinklers Front: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Deck3: Yes
  • Outdoor Living Spaces Patio2: Yes
  • Personal Property Included Storage Shed: Yes
  • Security Features Smoke Detector(s): Yes
  • Sprinklers Drip System In Front: Yes
  • View Mountain(s): Yes
  • Appliances Microwave: Yes
  • Fencing Partial2: Yes
  • Foundation Details Full Perimeter: Yes
  • Water Heater Gas5: Yes
  • Sprinklers Automatic: Yes
  • Other Rooms Bonus Room2: Yes
  • Security Features Security System Owned: Yes
  • Lot Features Gentle Sloping: Yes
  • Appliances Trash Compactor: Yes
  • Construction Materials Brick: Yes
  • Other Rooms Office Den: Yes
  • Other Rooms Game Room3: Yes
  • Other Rooms Entrance Foyer2: Yes
  • Construction Materials Frame: Yes
  • Construction Materials Stone: Yes
  • Water Body Type Lake2: Yes
  • Water Body View Yes2: Yes
  • Foundation Details Pillar Post Pier: Yes
  • Construction Materials Masonry Veneer: Yes
  • Fireplace Features Circulating: Yes
  • Other Rooms Workshop3: Yes
  • Other Rooms Mud Room: Yes
  • Other Rooms Recreation Room4: Yes
  • Other Equipment Intercom: Yes
  • Water Heater Recirculating: Yes
  • Lot Features Adjoins Lake: Yes
  • Cooling Heat Pump: Yes
  • Water Body Features Pier: Yes
  • Other Rooms Maid's Room: Yes
  • Other Structures Workshop: Yes
  • Other Equipment Generator: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Trash Compactor, Washer
  • Flooring: Brick, Carpet, Marble, Stone
  • Other Equipment: Generator, Intercom
  • Full Bathrooms: 9
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace Features: Circulating
  • Fireplaces: 2
  • Interior Amenities: Breakfast Bar, Central Vacuum, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s)
  • Window Features: Blinds, Drapes, Low-Emissivity Windows, Triple Pane Windows
  • Interior Bathrooms Half: 2
  • Interior Living Area4: 20000.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Fireplace Features Living Room: Yes
  • Interior Features Breakfast Bar: Yes
  • Living Room Features Separate Formal Room: Yes
  • Dining Room Features Separate Formal Room2: Yes
  • Family Room Features Separate Formal Room3: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Window Features Blinds: Yes
  • Window Features Drapes: Yes
  • Laundry Features In Hall: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 2.0
  • Primary Bedroom Features Shower Stall: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Laundry Features Laundry Room: Yes
  • Living Room Features Great Room3: Yes
  • Dining Room Features High Ceilings3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Primary Bedroom Features High Ceilings6: Yes
  • Fireplace Features Family Room: Yes
  • Laundry Features Shelves: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Window Features Low- Emissivity Windows: Yes
  • Laundry Features Sink: Yes
  • Family Room Features High Ceilings4: Yes
  • Kitchen Features Breakfast Nook: Yes
  • Kitchen Features Built- In Microwave: Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Interior Features Central Vacuum: Yes
  • Laundry Features In Bathroom: Yes
  • Kitchen Features Trash Compactor2: Yes
  • Flooring Stone4: Yes
  • Primary Bedroom Features Jetted Tub: Yes
  • Primary Bedroom Features Additional Primary Bedroom: Yes
  • Family Room Features Great Room5: Yes
  • Window Features Triple Pane Windows: Yes
  • Other Rooms Bedroom Office Main Floor: Yes
  • Interior Features Wide- Width Doorways: Yes
  • Other Rooms Study Library: Yes
  • Flooring Brick2: Yes
  • Flooring Marble: Yes

Exterior Features

  • Exterior Features: Barbecue Stubbed In
  • Roof: Pitched, Shake, Wood
  • Stories: 3
  • View: Mountain(s)
  • Pool Features: In Ground
  • Waterfront Features: Pier
  • Waterfront: Yes
  • Construction Type: Brick, Frame, Stone, Wood Siding, Masonry Veneer
  • Foundation Details: Crawl Space, Full Perimeter, Pillar/Post/Pier, Slab
  • Other Structures: Workshop
  • Patio And Porch Features: Patio, Deck
  • Construction Materials Wood Siding: Yes
  • Roof Pitched: Yes
  • Roof Shake: Yes
  • Roof Wood4: Yes
  • Pool Features In Ground: Yes
  • Exterior Features Barbecue Stubbed In: Yes

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 5.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Heated Driveway, Tandem
  • Total Parking Spaces: 5.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 5.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 5.0
  • Parking Features Attached: Yes
  • Parking Features Tandem: Yes
  • Parking Features Heated Driveway: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Cabinets, In Bathroom, In Hall, Laundry Area, Laundry Room, Shelves, Sink
  • Cooling: Heat Pump
  • Heating: Fireplace(s), Forced Air, Heat Pump, Hot Water, Natural Gas, Radiant Floor
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Fireplace(s): Yes
  • Heating Hot Water2: Yes
  • Heating Radiant Floor: Yes
  • Heating Heat Pump2: Yes

Schools

  • Middle Or Junior School: Whittell High School - Grades 7 + 8

Lot Info

  • Parcel Number: 1318032120056
  • Fencing: Partial
  • Lot Size Sq Ft: 27442.8
  • Zoning: SFR

Tax Info

  • Tax Annual Amount: 46349.82

MLS Schools

  • Elementary School: Zephyr Cove
  • HighSchool: Whittell - Grades 9-12

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
$7,340,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,659,378
Avg. Annual Appreciation
-3.80%

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:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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

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 New Conventional
Previous Owner $3,750,000 New Conventional
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: Northern Nevada Regional MLS

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

    13 in this area

    171 Total Sales

    Jean Merkelbach
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 120008127

Northern Nevada Regional MLS

APN: 1318-03-210-005

Nevada Douglas County Zephyr Cove 89448

1028 Skyland Dr, Zephyr Cove, NV

This home is located at 1028 Skyland Dr, Zephyr Cove, NV 89448 and is currently priced at $8,500,000, approximately $425 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.

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