480 Gonowabie Rd Crystal Bay, NV 89402
5
Beds
7
Baths
5,634
Sq Ft
0.52
Acres
Highlights
- Lake Front
- Private Dock
- Solar Heated Spa
- Incline High School Rated A-
- New Construction
- Panoramic View
About This Home
As of July 2025Award-winning Architects present a modern take on the classic lake cabin. This exceptional new lakefront residence features unparalleled design and quality, complete with a private pier. The home consists of three structures connected by a glass bridge. A stunning great room, with warm materials and floor-to-ceiling glass, anchors the design with breathtaking lake views. Thoughtfully crafted courtyards capture sunlight throughout the day. Highlights include an oversized in-ground spa overlooking 100’ of lake frontage. The same developers behind 20 and 24 Crystal Dr deliver this 5-bedroom, 7-bath masterpiece. Seamless indoor-outdoor living enhances the ever-changing colors of Lake Tahoe. Awards include the 2023 AIA Nevada Honor Award, the 2023 American Architecture Award, and the 2024 SARA California Design Award of Merit.
Last Agent to Sell the Property
Chase International Brokerage Phone: 775-750-2190 License #BS.52696 Listed on: 01/08/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $80,044
Year Built
- Built in 2022 | New Construction
Lot Details
- 0.52 Acre Lot
- Lake Front
- Level Lot
- Zoning described as Single Family Residential
Parking
- 2 Car Garage
Property Views
- Lake
- Panoramic
Home Design
- Contemporary Architecture
- Pitched Roof
- Metal Roof
Interior Spaces
- 5,634 Sq Ft Home
- 3-Story Property
- Wet Bar
- Vaulted Ceiling
- 2 Fireplaces
- Great Room
- Family Room
- Dining Room
- Game Room
- Utility Room
- Fire Sprinkler System
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Gas Range
- Freezer
- Dishwasher
- Wine Refrigerator
- Kitchen Island
- Marble Countertops
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Solar Heated Spa
- Private Dock
- Deck
Utilities
- Hot Water Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 123-131-09
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Jun 30, 2025
Sold by
Gonowabie Properties Llc
Bought by
Old Reds Penn Reel Llc
Seller's Agent
Donovan Group Luxury Team
Chase International
Buyer's Agent
Kristi Hood
Compass
List Price
$26,000,000
Sold Price
$24,500,000
Premium/Discount to List
-$1,500,000
-5.77%
Views
166
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%
Original Mortgage
$15,925,000
Outstanding Balance
$15,910,604
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
-$13,196,604
Purchase Details
Closed on
Apr 7, 2020
Sold by
Gonowabie Properties Llc
Bought by
Bay Crystal
Similar Home in Crystal Bay, NV
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 | $24,500,000 | First American Title | |
| Bargain Sale Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $15,925,000 | New Conventional | |
| Previous Owner | $5,000,000 | Construction | |
| Previous Owner | $20,300,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Sold | $24,500,000 | -5.8% | $4,349 / Sq Ft |
| 01/08/2025 01/08/25 | For Sale | $26,000,000 | -- | $4,615 / Sq Ft |
Source: Incline Village REALTORS®
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 | $80,044 | $2,513,345 | $962,500 | $1,550,845 |
| 2024 | $80,044 | $2,422,227 | $875,000 | $1,547,227 |
| 2023 | $73,977 | $1,902,493 | $770,000 | $1,132,493 |
| 2022 | $59,566 | $1,699,745 | $700,000 | $999,745 |
| 2021 | $34,515 | $991,469 | $700,000 | $291,469 |
| 2020 | $8,670 | $539,000 | $539,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Donovan Group Luxury Team
Seller's Agent in 2025
Donovan Group Luxury Team
Chase International
(775) 831-7300
90 in this area
92 Total Sales
-
Kristi Hood
Buyer's Agent in 2025
Kristi Hood
Compass
(530) 386-0688
6 in this area
243 Total Sales
Map
Source: Incline Village REALTORS®
MLS Number: 1016867
APN: 123-131-09
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.
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.
Nearby Homes
- 460 Gonowabie Rd
- 285 Gonowabie Rd
- 285 Gonowabie Rd
- 355 Tuscarora Rd
- 475 Tuscarora Rd
- 580 Gonowabie Rd
- 580 Gonowabie Rd
- 344 Tuscarora Rd
- 300 State Route 28
- 240 Lakeshore Blvd
- 240 State Route 28 Blvd
- 260 Northlake Cir
- 451 Lakeshore Blvd
- 475 Lakeshore Blvd Unit 18
- 475 Lakeshore Blvd Unit 13
- 475 Lakeshore Blvd Unit 36
- 438 Beaver St
- 466 Beaver St
- 501 Lakeshore Blvd Unit 56
- 294 Beaver St