$3,995,000 Active

108 Tobey Lane

Glenbrook, NV 89413

Member-to-Member Rentals Only — Glenbrook - North

Douglas County allows only member-to-member short-term rentals in Glenbrook - North (10 of 11 permits unissued, county data Oct 1, 2026).

4 Beds

3.5 Baths

2,636 Sq Ft

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About This Property

Ideally located Glenbrook Nevada cottage home, adjacent to the secluded China Gardens beach and serene park. The generous four bedroom floor plan includes a loft area, great room with rock fireplace, sprawling family room and extensive wrap around decking, offering both covered and uncovered outdoor living areas. In addition, a covered porch hovers over the colorful China Gardens greenbelt, offering abundant outdoor recreational opportunities. The gated community of Glenbrook is perfectly positioned on Lake Tahoe Nevada's sunny east shore. The 750-acre waterside enclave offers a picturesque bay with expansive HOA buoy field, deep water pier and multiple private sandy beach areas. The community also offers an array of hiking trailheads, community park and optional golf memberships, which includes seasonal restaurant service and golf access on Nevada's historic golf course. Nevada residence enjoy a favorable tax climate that included no state income taxes, no inheritance tax, comparatively low property taxes and much more..

Listed by Clifton Chase — Chase International -Glenbrook

Listing Details

Status Active

MLS # 260013046

Days on Market 1

Price/Sq Ft $1,516

Property History

Oct 12, 2026

Listed for sale

$3,995,000

Property Overview

Beds 4

Baths 3.5

Sq. Ft. 2,636

Lot Size 0.25 acres

Stories 2

Year Built 1982

Property Type Single Family Residence

Subdivision Glenbrook

County Douglas

STR Jurisdiction Douglas County

APN 1418-03-811-018

Parking

Garage Spaces 2

Total Parking 4

Parking Features Detached, Garage, Garage Door Opener

Attached Garage Yes

Exterior & Lot

Exterior Features None

Lot Features Cul-De-Sac, Greenbelt, Landscaped, Level

Roof Composition

Foundation Crawl Space, Slab

Utilities & Systems

Heating Fireplace(s), Forced Air

Financial

Annual Tax $7,595

HOA Fee $1,215 / Quarterly

HOA / Community GHOA

Schools

Elementary School Zephyr Cove

Middle School Whittell High School - Grades 7 + 8

High School Whittell - Grades 9-12

HOA & Community

Community Amenities Gated, Landscaping, Management, Parking, Security, Shuttle Service

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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis

STRUCTURAL SCORE —

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PROJECTED GROSS ANNUAL REVENUE

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~— per month

Avg Nightly

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Occupancy

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Cap Rate

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STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Room to build

2,939 sq ft covered of 3,316 sq ft allowed

377 sq ft of coverage still available to add.

Parcel Size

11,053 sq ft

Allowed Coverage

3,316 sq ft · 30%

Existing Coverage

2,939 sq ft · 27%

Addable Coverage

377 sq ft

Existing Units

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares

Home Insurance Estimate

Standard homeowners policy for this home

$4,900 – $7,200/yr

about $504/mo

Est. Rebuild Cost (Coverage A)

$1,449,800

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

See it in the monthly payment

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

$21,642 per month

Principal & interest

$20,201/mo

Property taxes

$633/mo

The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.

HOA dues

$304/mo

From MLS listing data.

Home insurance

$504/mo

Estimated ~$4,900–$7,200/yr — get a local broker quote for accuracy.

Down payment

20% ($799,000)

Home price

$3,995,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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