$1,698,000
871 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.
6 Beds
·
4.0 Baths
·
3,307 Sq Ft

About This Property

Located in the desirable Gardner Mountain neighborhood, this newer custom home with a detached ADU offers a rare opportunity for flexible living and short or long term rental income potential. Built in 2022, the property includes a 2,381 square foot main home with 4 bedrooms and 3 bathrooms, and a 2 car garage, plus a detached 926 square foot ADU featuring 2 bedrooms, 1 bathroom, and an oversized 3-car garage.The location is ideal for enjoying the Tahoe lifestyle, just 2.5 miles from the beach and only steps from an extensive network of mountain biking and hiking trails leading toward Fallen Leaf Lake, Camp Richardson, and beyond.Upstairs in the main home is a spacious great room with vaulted ceilings, wide-plank wire-brushed white oak flooring, a gas fireplace, and a clean mountain-contemporary design. The kitchen is well equipped with stainless steel appliances, a commercial-style gas range, granite slab counters, a quartz-topped island with wine refrigerator, and an adjoining dining area. The primary suite includes dual closets and a well-appointed bathroom with a modern dual-sink vanity, freestanding tub, and custom tile shower. Downstairs features a large family room with a second gas fireplace and access to a covered deck that is pre-wired for a hot tub.The detached ADU mirrors the quality of the main home and offers upstairs living above an approximately 845 square foot 3-car garage, creating excellent separation between the two residences.The main house is currently rented for $4,000 per month and the ADU for $3,000 per month, with the ADU becoming vacant soon. Whether you are looking for a primary residence with additional income, a multi-generational setup, or a strong investment property, the combination of a newer build and a detached ADU makes this a unique opportunity in the South Lake Tahoe market.

Listed by Brent Johnson — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 142738
Sold Date 1800-01-01
Price/Sq Ft $513

Property History

Apr 18, 2026
Listed for sale
$1,698,000
Property Overview
Beds 6
Baths 4.0
Sq. Ft. 3,307
Lot Size 0.25 acres
Stories 2
Year Built 2022
Property Type Single Family Residence
Style Contemporary
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023182026000
Parking
Garage Spaces 5
Parking Features 5.00
Attached Garage Yes
Exterior & Lot
Exterior Features Bear-Proof Trash Can
Construction Wood Frame,Wood Siding
Roof Pitched,Composition
Foundation Concrete/Crawl Space,Slab
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 — 871 Glorene Avenue, South Lake Tahoe

Est. Annual Revenue
$106,459
Avg Nightly Rate
$1135
Projected Occupancy
25.4%
Cap Rate
2.5%
Structural Score: 78 / 100 (Luxury) · 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% ($339,600)
Home price
$1,698,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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