$950,000 Active
1624 Glenwood Way
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide, so availability varies. Verify current permit availability before counting on rental income.
5 Beds
·
2.5 Baths
·
2,185 Sq Ft

About This Property

Nestled in the heart of Lake Tahoe's stunning mountain landscape, this spacious 5-bedroom, 2.5-bathroom home offers the perfect blend of comfort, privacy, and natural beauty. Featuring a desirable 2-car garage, the home provides ample space for family living, vacation getaways, or entertaining guests.Inside, you'll find a warm and inviting living area centered around a beautiful fireplace, creating the perfect setting for cozy evenings after a day of outdoor adventure. Large windows fill the home with natural light and showcase picturesque views of the surrounding scenery.Step outside to an expansive backyard that backs directly onto a breathtaking meadow, offering a peaceful and private setting where you can enjoy wildlife, mountain air, and spectacular seasonal views. Whether hosting summer barbecues, relaxing with a morning coffee, or simply taking in the tranquility of nature, this outdoor space is truly exceptional.Located in one of Lake Tahoe's most sought-after areas, this property combines generous living space, scenic surroundings, and year-round recreational opportunities, making it an ideal mountain retreat or full-time residence.

Listed by Paul Windt — eXp Realty of California

Listing Details

Status Active
MLS # 143057
Sold Date 1800-01-01
Price/Sq Ft $435

Property History

Jun 20, 2026
Listed for sale
$950,000
Property Overview
Beds 5
Baths 2.5
Sq. Ft. 2,185
Lot Size 0.27 acres
Year Built 1965
Property Type Single Family Residence
Subdivision Rancho Bijou 2
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 025483009000
Parking
Garage Spaces 2
Parking Features 2.00
Attached Garage Yes
Exterior & Lot
Lot Features Adjacent to Meadow
View Mountains,Meadow
Construction Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Forced Air,Natural Gas
Cooling Forced Air,Natural Gas
Financial
HOA / Community South Tahoe Association of Realtors
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1624 Glenwood Way, South Lake Tahoe

Est. Annual Revenue
$67,266
Avg Nightly Rate
$663
Projected Occupancy
27.9%
Cap Rate
2.8%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for South Lake Tahoe. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($190,000)
Home price
$950,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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