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Kristi Maxwell

renonvrealestate@gmail.com +1(775) 342-3297

$12,250,000

Est. payment - /mo

6 Beds

4 Baths

3,224 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,224 sqft

Price per Sqft $3,799

MLS Listing ID 260010367

Bedrooms 6

Full Baths 4

Year Built 1952

Annual Tax Amount $16,601

Lot Size 0.461 Acres

Acres 0.46

Lot Dimensions 0.46

Property Sub-Type Single Family Residence

Property Description

Positioned along one of Crystal Bay's most protected stretches of shoreline, 500 Gonowabie Road offers a rare opportunity to reimagine a prime Nevada lakefront property on one of North Lake Tahoe's most desirable and rapidly evolving waterfront streets. Whether substantially transforming the existing residence or creating an entirely new lakefront estate, the property offers an exceptional foundation for the next generation of Tahoe living. Approximately 100 feet of lake frontage opens to panoramic views across Lake Tahoe, with Diamond Peak and the surrounding mountains providing a dramatic backdrop. Its orientation offers protection from much of Tahoe's prevailing southwest winds and wave action, creating a particularly desirable waterfront setting. Existing amenities include a rare boathouse with a rooftop deck, rock-crib pier, buoy, waterfront rock terrace with easy lake access, and a private tram/funicular connecting the parking area to the residence—a combination increasingly difficult to replicate along the Nevada shoreline. The property's development potential is equally compelling. According to a topographic survey on file, approximately 4,745 square feet of existing coverage has been verified, providing flexibility to explore a substantial renovation or an entirely new residence. Ample off-street parking and a dedicated parking pad add another important element to the site. Gonowabie Road is in the midst of a remarkable architectural transformation. Several neighboring properties have recently been rebuilt into striking modern estates, bringing significant investment and some of North Lake Tahoe's most distinctive contemporary architecture to this intimate stretch of Crystal Bay. 500 Gonowabie offers the opportunity to become part of that evolution while taking advantage of the existing lakefront infrastructure and development characteristics. That momentum extends into Crystal Bay itself. Just minutes away, the historic Cal Neva is moving forward with plans for a significant luxury redevelopment under the Proper brand, adding another chapter to the continued investment and renewed energy surrounding this unique Nevada enclave. The existing three-story residence features floor-to-ceiling glass, expansive lake and mountain views, multiple decks and balconies, two lower-level bedroom suites, kitchen and laundry. It can be enjoyed today, thoughtfully transformed over time, or serve as the starting point for an entirely new architectural vision. A 2015 Cobalt R7 is included with the sale at no assigned value, giving the next owner the opportunity to begin enjoying Lake Tahoe from day one.

Location

State NV

County Washoe

Zoning residential

Rooms

Family Room None

Other Rooms Mud Room

Dining Room None

Kitchen Built-In Single Oven

Interior

Interior Features Kitchen Island

Heating Baseboard, Natural Gas, Radiant

Flooring Tile

Fireplaces Number 1

Fireplaces Type Insert, Wood Burning

Fireplace Yes

Laundry In Hall, Laundry Closet, Washer Hookup

Exterior

Exterior Feature Balcony

Parking Features Parking Pad

Utilities Available Cable Available, Electricity Available, Electricity Connected, Internet Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View Mountain(s), Ski Resort, Valley

Roof Type Composition,Pitched,Shingle

Porch Porch, Terrace, Covered, Patio, Deck

Garage No

Building

Lot Description Adjoins Lake, Sloped Down, Wooded

Story 3

Foundation Crawl Space, Pillar/Post/Pier

Water Public

New Construction No

Schools

Elementary Schools Incline

Middle Schools Incline Village

High Schools Incline Village

Others

Tax ID 123-131-03

Acceptable Financing 1031 Exchange, Cash, Conventional, Relocation Property

Listing Terms 1031 Exchange, Cash, Conventional, Relocation Property

Special Listing Condition Standard

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Listed by Mountain Luxury Properties

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Kristi Maxwell

+1(775) 342-3297

Agent | License ID: S.174776

Agent License ID: S.174776

500 Gonowabie RD Crystal Bay, NV 89402

Kristi Maxwell

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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500 Gonowabie RD