$525,000
859 Glorene Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit. Permits are available citywide.
3 Beds
·
1.0 Baths
·
788 Sq Ft

About This Property

Charming and well-maintained 3-bedroom, 1-bath home offering comfort, character, and opportunity. Situated on a flat, sunny lot, this property features a fully fenced backyard, perfect for outdoor living, gardening, or play.The functional layout includes two bedrooms on the main level, with a third bedroom privately located above the garage ideal for guests, a home office, or a quiet retreat. A one-car garage adds convenience, while the semi-finished attic provides valuable additional storage space.This home has been thoughtfully cared for over the years, including a newer roof, giving peace of mind to its next owner. Built in 1957, it retains its original charm while offering the perfect canvas to update and make it your own.Whether you're looking for a primary residence, vacation home, or investment opportunity, this property is full of potential in a desirable setting.

Listed by Kimberly Williams — Coldwell Banker Select Real Estate - Round Hill

Listing Details

Status Active
MLS # 142718
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $666

Property History

Apr 13, 2026
Listed for sale
$525,000
Property Overview
Beds 3
Baths 1.0
Sq. Ft. 788
Lot Size 0.13 acres
Stories 2
Year Built 1957
Property Type Single Family Residence
Style Split Level
Subdivision Gardner Mountain
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023172015000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space
Utilities & Systems
Heating Natural Gas,Wall or Space Heater,Wood,Fireplace
Cooling Natural Gas,Wall or Space Heater,Wood,Fireplace
Financial
HOA / Community South Tahoe Association of Realtors
📊

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 — 859 Glorene Avenue, South Lake Tahoe

Est. Annual Revenue
$51,824
Avg Nightly Rate
$375
Projected Occupancy
37.9%
Cap Rate
3.9%
Structural Score: 58 / 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($105,000)
Home price
$525,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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Email 9166671444

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