$1,340,000 Active
848 Glorene Avenue
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — and as of August 21, 2026 ALL new permit applications are automatically waitlisted as the city approaches its 900-permit residential cap. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
7 Beds
·
3,061 Sq Ft

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About This Property

Large 4 bedroom 3 bath house with a 3 bedroom 2 bath ADU on over 1/2 acre of land. Interior is presently in the process of being fully remodeled with plans and permits.. Interested parties or contractors could buy now and finish the job to their vision. This used to be the Montessori school which many locals are familiar with. 5 new bathrooms are being done as well as 2 new kitchens.Building is set well back from the street and has a large circular driveway. Huge yard in the back has a large storage shed. Property is vacant and rents have been estimated by the owner.This is a great opportunity for buyer to finish the remodel.. New windows will be installed and new sheetrock, tape, texture and paint is being done. All new approved plans can be looked at and go with the property. Listed price is a finished price.

Listed by Lloyd Aronoff — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143540
Days on Market 85
Price/Sq Ft $438

Property History

Jul 08, 2026
Listed for sale
$1,340,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2021 · county record $700,000 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 7
Sq. Ft. 3,061
Lot Size 0.51 acres
Year Built 1954
Property Type Single Family Residence
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023341007000
Parking
Garage Spaces 1
Attached Garage Yes
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
56
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 848 Glorene Avenue, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 56 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build
5,722 sq ft covered of 6,581 sq ft allowed
859 sq ft of coverage still available to add.
Parcel Size
21,937 sq ft
Allowed Coverage
6,581 sq ft · 30%
Existing Coverage
5,722 sq ft · 26%
Addable Coverage
859 sq ft
Land Capability · TRPA-verified
5, 7
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 ↗ How the Basin compares

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

$8,648 per month
Principal & interest
$6,776/mo
Property taxes
$1,222/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$650/mo
CA FAIR Plan + DIC estimate, ~$7,200–$8,400/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($268,000)
Home price
$1,340,000
Loan details
30-yr fixed, 6.5%
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