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It sold for $505,000 on 2026-08-19, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.
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Our data on this home
About This Property
Calling all Investors:1516 Glenwood Way is the kind of South Lake Tahoe opportunity investors watch for but rarely find: a centrally located property with strong upside potential, solid fundamentals, and multiple exit strategies. Set on a quiet street just minutes from Heavenly, the lake, and year‑round recreation, this home offers the perfect canvas for value‑add improvementswhether cosmetic, structural, or full redevelopment.The lot is spacious and sun‑filled, surrounded by mature pines and mountain views, giving future guests or tenants that signature Tahoe experience. Inside, the property is already mid‑renovation, allowing investors to step directly into a project without demo costs and shape the layout to maximize rental performance or long‑term equity.With South Lake Tahoe's high demand for updated inventoryboth for full‑time residents and seasonal visitors1516 Glenwood Way positions you to capitalize on strong appreciation trends, flexible rental potential, and a market hungry for modernized homes.For investors seeking a project with clear upside, a prime location, and the freedom to build value from the ground up, Glenwood Way is a standout opportunity.Buyers to do there due dillegence for size and accuracy of information.
Listing Details
Property History
STR Investment Summary — 1516 Glenwood Way, South Lake Tahoe
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗ How the Basin comparesHome Insurance Estimate
California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup
Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.
See it in the monthly payment Tahoe wildfire insurance costs
