$8,500,000
SOLD DEC 28, 2012

1028 Skyland Dr Zephyr Cove, NV 89448

Cave Rock Neighborhood
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 or Dock
  • Heated Driveway
  • Two Primary Bedrooms
  • Zephyr Cove Elementary School Rated A-
  • In Ground Pool
  • Lake View

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.

Last Agent to Sell the Property

Jean Merkelbach

Engel & Völkers Lake Tahoe License #B.12934

Engel & Völkers Lake Tahoe

Last Buyer's Agent

Jean Merkelbach

Engel & Völkers Lake Tahoe License #B.12934

Engel & Völkers Lake Tahoe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $46,350

Year Built

  • Built in 2004

Lot Details

  • 0.63 Acre Lot
  • Partially Fenced Property
  • Drip System Landscaping
  • Level Lot
  • Front Yard Sprinklers
  • Sprinklers on Timer

Property Views

  • Lake
  • Mountain

Home Design

  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Rock and Frame
  • Pitched Roof
  • Wood Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

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

Kitchen

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

Flooring

  • Brick
  • Carpet
  • Radiant Floor
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Double Master Bedroom
  • Walk-In Closet
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Jetted Tub in Primary Bathroom
  • Separate Shower

Laundry

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

Home Security

  • Security System Owned
  • Intercom
  • Fire and Smoke Detector

Parking

  • 5 Car Attached Garage
  • Carport
  • Parking Available
  • Tandem Parking
  • Heated Driveway

Accessible Home Design

  • Chairlift
  • Accessible Doors

Outdoor Features

  • In Ground Pool
  • Property is near a lake
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Barbecue Stubbed In

Schools

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

Utilities

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

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 1318032120056

Home Details

Home Type

Single Family

Est. Annual Taxes

$46,350

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residential
  • Type Of Property: Single Family Residence
  • Adjoins: Lake
  • Access: Public
  • Accessibility: Wide Width Doorways, Electric Lift
  • Extended Remarks: 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.
  • Year Built: 2004
  • Xstreet Directions: Tahoe Drive
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Personal Property Included: Dryer, Washer
  • Personal Property Included: Storage Shed
  • Interior Fixtures: Drapes - Curtains, Blinds - Shades, Smoke Detector(s), Intercomm, Security System - Owned, Central Vacuum
  • Fireplace: Two or More, Air Circulating, Fireplace-Woodburning, Yes
  • Water Heater: Circulating Pump, Natural Gas
  • Floor Covering: Brick, Carpet, Marble, Stone
  • Bedrooms: 8
  • Master Bedroom: 2nd Master Bdrm (Or more), Double Sinks, High Ceiling, Jetted Tub, Shower Stall, Walk-In Closet
  • Full Or Three Quarter Bathrooms: 9+
  • Half Bathrooms: 2
  • Family Room: Firplce-Woodstove-Pellet, Great Room, High Ceiling, Separate
  • Kitchen: Built-In Dishwasher, Garbage Disposal, Microwave Built-In, Trash Compactor, Island, Pantry, Breakfast Bar, Breakfast Nook
  • Laundry Area: Bathroom Combo, Cabinets, Hall Closet, Laundry Sink, Laundry Room, Shelves, Yes
  • Living Room: Fireplce/Woodstove/Pellet, Great Room, High Ceiling, Separate/Formal
  • Other Rooms: Yes, Office-Den(not incl bdrm), Study-Library, Game Room, Bonus Room, Entry-Foyer, Mud Room, Workshop, Maid's Room, Bdrm-Office (on Main Flr), In-Law Quarters, Rec Room
  • Dining Room: High Ceiling, Separate/Formal
  • Price Per Sq Ft: 425
  • Sold Price Per Sq Ft: 425
  • Source Of Sq Ft: Appraiser
  • Total Living Space: 20000
  • Price Per Sq Ft: 600

Exterior Features

  • Windows: Low E, Triple Pane
  • Construction: 2x6 Exterior
  • Exterior: Brick, Masonry Veneer, Rock, Wood Siding
  • Exterior Features: In Ground Pool, BBQ Stubbed-In, Pier, Workshop
  • Fenced: Partial
  • Foundation: Concrete - Crawl Space, Concrete Slab, Full Perimeter, Post and Pier
  • Landscaped: Fully Landscaped, Yes
  • Patio Deck: Deck, Patio, Yes
  • Roof: Pitched, Wood - Shake
  • Stories: 3 Story
  • View: Yes, Mountain, Lake

Garage/Parking

  • Garage Types: Attached, Both Att & Det, Carport, Heated Driveway, Tandem
  • Number Carport: 0
  • Garage: 5
  • Total Parking Capacity: 5

Utilities

  • Sprinklers: Automatic, Drip-Back, Drip-Front, Front
  • Heating Cooling: Natural Gas, Forced Air, Hot Water System, Fireplace, Heat Pump, Radiant Heat-Floor
  • Internet: Yes
  • Utilities: Electricity, Natural Gas, City - County Water, City Sewer, Cable, Telephone, Generator, Internet Available
  • Water Test: Yes

Condo/Co-op/Association

  • Hoa Amenities: No Amenities

Schools

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

Lot Info

  • Acreage: 0.63
  • Parcel Number: 1318032120056
  • Topography: Gentle, Level
  • Zoning Actual: SFR

Green Features

  • Green Features: Circulating Pump - Water, Low E Windows, Triple Pane Windows

Tax Info

  • Taxes Dollar: 46349.82

MLS Schools

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

Map

Range of Values:

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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: Northern Nevada Regional MLS

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: Northern Nevada Regional MLS

MLS Number: 120008127

Northern Nevada Regional MLS

APN: 1318-03-210-005