$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
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About This Property

Tall Pines Cove | One of Lake Tahoe's Most Extraordinary Estates Set on approximately 3.65 private acres along one of Lake Tahoe's most coveted stretches of eastern shoreline, Tall Pines Cove is an exceptional waterfront estate where timeless architecture, breathtaking natural beauty, and unparalleled privacy converge. Rarely does a property of this significance become available, offering an extraordinary opportunity to own one of Lake Tahoe's most distinguished estates. The estate includes a magnificent main residence, elegant guest residence, private gatehouse, and dedicated fitness studio. The custom windows throughout capture lake and Sierra views, while soaring ceilings, handcrafted finishes, rich wood and stone, and five fireplaces create interiors that are both grand and inviting. The main house has intimate living spaces and kitchens that would delight the finest chef! The thoughtful design complements the natural landscape whose towering pines create an extraordinary sanctuary. Scenic pathways lead to an unrivaled waterfront experience complete with a private sandy beach, private pier, buoys, providing direct access to Lake Tahoe's crystal-clear waters. Every sunrise, sunset, and changing season becomes part of the experience. The combination of scale, privacy, craftsmanship, lake amenities ~ Tall Pines Cove was created to be enjoyed today and treasured for generations to come.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260009356
Days on Market 3
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
$677,482
Avg Nightly Rate
$9542
Projected Occupancy
19.5%
Cap Rate
0.5%
Structural Score: 65 / 100 (Premium) · 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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