$899,000 $950,000 ↓ $51,000 reduced 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 (residential zones), 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
Days on Market 45
Sold Date 1800-01-01
Price/Sq Ft $411

Property History

Jun 20, 2026
Listed for sale
$899,000
Jun 21, 2026
Price changed
$975,000
Jul 06, 2026
Price changed
$925,000
Aug 01, 2026
Price changed
$899,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 1994 · county record $175,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

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 RV Access/Parking
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
📊

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
$382
Projected Occupancy
48.2%
Cap Rate
3.0%
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.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,611 sq ft covered of 117 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
11,737 sq ft
Allowed Coverage
117 sq ft · 1%
Existing Coverage
2,611 sq ft · 22%
Addable Coverage
0 sq ft
Existing Units
1

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 ↗

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% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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