$950,000 Active
8861 Glen Drive
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.
3 Beds
·
2.0 Baths
·
1,224 Sq Ft

About This Property

Includes membership to the coveted Rubicon Tahoe Owners Assoc. with two piers, beaches, and a buoy fields. This visually attractive fully furnished move-in ready home is well sited on the 1/3rd acre parcel and the homesite backs to Lonely Gulch Creek, Plus it is surrounded by National forest land. The cabin is in overall excellent upgraded and well maintained condition. The floor plan is functional & the natural ambient light is good. During the summer months, the large outdoor deck to the rear and the side of house expands the effective use of the home with both indoor and outdoor living. The design of the house lends itself to easy maintenance and upkeep. Having affordable access to a buoy on Lake Tahoe for your boat has become a very coveted affordable amenity.

Listed by Richard Raduziner — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143199
Sold Date 1800-01-01
Price/Sq Ft $776

Property History

Jul 14, 2026
Listed for sale
$950,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,224
Lot Size 0.31 acres
Year Built 1965
Property Type Single Family Residence
Style Chalet
Subdivision Rubicon Glen
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 016462003000
Parking
Garage Spaces 1
Parking Features 1.00
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed,Boat Dock
View Mountains,Forest,Other/See Remarks
Construction Wood Siding
Roof Asphalt,Composition
Foundation Concrete/Crawl Space
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 — 8861 Glen Drive, South Lake Tahoe

Est. Annual Revenue
$37,190
Avg Nightly Rate
$189
Projected Occupancy
54.1%
Cap Rate
1.6%
Structural Score: 51 / 100 (Standard) · 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
2,409 sq ft covered of 136 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
13,587 sq ft
Allowed Coverage
136 sq ft · 1%
Existing Coverage
2,409 sq ft · 18%
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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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