$53,000,000 Active
1 Tall Pines Cove Lane
Glenbrook, NV 89413
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — many communities in this area restrict short-term rentals.
10 Beds
·
11.5 Baths
·
10,146 Sq Ft
Virtual Tour

About This Property

A Legacy Estate of Unparalleled Distinction on Lake Tahoe || Set along one of Lake Tahoe's most coveted stretches of shoreline, Tall Pines Cove represents an extraordinary opportunity to own one of the finest private estates ever offered in Glenbrook. Encompassing approximately 3.65 acres with an exceptionally rare combination of expansive lake frontage, towering pines, lush manicured grounds, and world-class architecture, this remarkable waterfront retreat is designed for generations of family gatherings, grand entertaining, and uncompromising privacy. The estate includes a magnificent main residence, an elegant guest residence, a private gatehouse, a fully equipped fitness pavilion (gym), and exceptional ancillary amenities, offering approximately 10,000 square feet with ten bedrooms, ten full bathrooms, and one half bath. Every element of the estate has been thoughtfully curated to celebrate its spectacular natural surroundings. Walls of glass frame breathtaking panoramic views of Lake Tahoe and the Sierra Nevada, while soaring ceilings, rich natural materials, handcrafted finishes, and five fireplaces create warm, inviting spaces throughout the home. A traditional wood-fired pizza oven serves as the heart of the kitchen, creating an unforgettable gathering place for family and guests while adding timeless character and culinary charm to this exceptional residence. Designed for effortless entertaining on every scale, complemented by a separate chef's kitchen for entertaining guests, as well as additional kitchens throughout the guest accommodations, while expansive gathering spaces flow seamlessly onto lakeside terraces where the scenery becomes the centerpiece. Multiple primary suites, private guest quarters, recreation rooms, a game room, and the dedicated fitness pavilion provide exceptional flexibility for hosting family and friends while supporting an active Tahoe lifestyle. Outdoors, the estate unfolds as a private alpine sanctuary. Meandering pathways wind through mature pine forests and beautifully landscaped grounds leading to an extraordinary private waterfront experience complete with a private sandy beach, private pier, two private buoys, and a catwalk, providing effortless access to the crystal-clear waters of Lake Tahoe. Whether enjoying quiet mornings on the shoreline, entertaining beneath the towering pines, or watching aspenglow settle across the Sierra peaks, every moment is elevated by the property's unrivaled setting. Beyond its extraordinary beauty, the estate incorporates state-of-the-art infrastructure, including multiple security gates, an entire-property backup generator, an advanced radiant cooling system complemented by forced-air air conditioning, and extensive garage facilities, RV storage, and abundant accommodations for guests and recreational vehicles. Multiple gourmet kitchens are fully equipped with multiple dishwashers, disposals, ice makers, microwaves, refrigerators, and freezers, ensuring effortless entertaining for gatherings of any size. Tall Pines Cove offers an exceptionally rare blend of privacy, prestige, and timeless mountain-lake living. Properties of this caliber seldom become available, making this a once-in-a-generation opportunity to acquire one of Lake Tahoe's true legacy estates. Tall Pines Cove is more than a home, it is one of Lake Tahoe's most significant waterfront estates, destined to be cherished for generations to come.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260009356
Price/Sq Ft $5,224

Property History

Jul 22, 2026
Listed for sale
$53,000,000
Property Overview
Beds 10
Baths 11.5
Sq. Ft. 10,146
Lot Size 3.65 acres
Stories 2
Year Built 2013
Property Type Single Family Residence
County Douglas
STR Jurisdiction Douglas County
APN 1418-34-401-028
Parking
Garage Spaces 9
Total Parking 9
Parking Features Attached, Detached, Electric Vehicle Charging Station(s), Garage, Garage Door Opener, Heated Garage, RV Access/Parking, RV Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Boat Slip, Built-in Barbecue, Fire Pit, Rain Gutters, RV Hookup
Lot Features Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear, Wooded
View Mountain(s), Trees/Woods
Construction Insulation - Spray Foam, Insulation - Batts, Insulation - Blown-In, Plaster, Stone
Roof Composition, Shingle
Foundation Concrete Perimeter, Crawl Space, Pillar/Post/Pier, Slab
Utilities & Systems
Heating Fireplace(s), Forced Air, Natural Gas, Radiant Floor
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $80,741
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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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 Tall Pines Cove Lane, Glenbrook

Est. Annual Revenue
$696,013
Avg Nightly Rate
$9803
Projected Occupancy
19.5%
Cap Rate
0.5%
Structural Score: 77 / 100 (Luxury) · STR Zone: Yellow

Based on comparable vacation rental performance data for Glenbrook. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
29,151 sq ft covered of 19,313 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
120,154 sq ft
Allowed Coverage
19,313 sq ft · 16%
Existing Coverage
29,151 sq ft · 24%
Addable Coverage
0 sq ft
Existing Units
2

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% ($10,600,000)
Home price
$53,000,000
Loan details
30-yr fixed, 6.5%
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