$3,000,000 Active
1 Kelly Circle
Glenbrook, NV 89413
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
3 Beds
·
2.0 Baths
·
2,281 Sq Ft

About This Property

You'll love this pristine custom home in Uppaway Estates, a gated lakefront community on Tahoe's sunny east shore. The main living areas look upon pristine forest and open to a charming stone patio and deck, perfectly merging the indoors with surrounding natural beauty.. The open living area is great for entertaining with fireplace and soaring windows framing huge boulders. Enjoy the beautiful lakeside park, crystal blue waters, and end the day around the fire pit witnessing the spectacular Tahoe Sunsets., Uppaway Estates is ideally located just off Hwy 50 with easy access to fine dining, entertainment, shopping and gaming. Lake Tahoe is within 25 minutes to private aviation facilities, 50 minutes to the Reno-Tahoe International Airport and about a 3 1/2 hour drive to the San Francisco Bay area and California Wine Country. Tahoe is close to world class skiing and outdoor sports and enjoys approximately 300+ sunny days per year. Tahoe truly provides a 4 season lifestyle along with favorable personal and business tax advantages for Nevada Residents.

Listed by Claudia Thompson — Chase International - ZC

Listing Details

Status Active
MLS # 260007149
Days on Market 1
Price/Sq Ft $1,315

Property History

Jun 05, 2026
Listed for sale
$3,000,000
Property Overview
Beds 3
Baths 2.0
Sq. Ft. 2,281
Lot Size 0.05 acres
Stories 2
Year Built 1993
Property Type Single Family Residence
Subdivision Uppaway
County Douglas
STR Jurisdiction Douglas County
APN 1418-15-511-004
Parking
Garage Spaces 2
Total Parking 2
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Dog Run
Lot Features Common Area, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear, Wooded
View Mountain(s), Trees/Woods
Construction Insulation - Batts, Stone
Roof Composition, Pitched, Shingle
Foundation Slab
Utilities & Systems
Heating Propane, Radiant Floor
Water Source Lake Tahoe
Financial
Annual Tax $8,499
HOA Fee $1,000 / Quarterly
HOA / Community Uppaway Estates HOA
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Barbecue, Gated, Landscaping, Management, Parking, Tennis Court(s)
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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 — 1 Kelly Circle, Glenbrook

Est. Annual Revenue
$123,552
Avg Nightly Rate
$1056
Projected Occupancy
32.0%
Cap Rate
1.6%
Structural Score: 54 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Glenbrook. 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
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% ($600,000)
Home price
$3,000,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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