Seller's Agent in 2012
Jean Merkelbach
Engel & Volkers
(775) 588-7710
14 in this area
166 Total Sales
1028 Skyland Dr Zephyr Cove, NV 89448
8
Beds
11
Baths
20,000
Sq Ft
0.63
Acres
Highlights
- Pier
- Heated Driveway
- Two Primary Bedrooms
- Zephyr Cove Elementary School Rated A-
- In Ground Pool
- Waterfront
About This Home
As of December 2012Villa 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
Engel & Volkers Lake Tahoe License #B.12934 Listed on: 07/01/2012
Last Buyer's Agent
Engel & Volkers Lake Tahoe License #B.12934 Listed on: 07/01/2012
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,544,560
Avg. Annual Appreciation
-1.89%
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
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
Average Home Value in this Area
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
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
Map
Source: Northern Nevada Regional MLS
MLS Number: 120008127
APN: 1318-03-210-005
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