$23,988,000 $24,988,000 ↓ $1,000,000 reduced Active Under Contract
1146 Hwy 50
Glenbrook, NV 89413
✓ VHR Permits Available — 8 left in Lakeridge
Douglas County caps vacation-rental permits by neighborhood. Lakeridge has 8 of its 12 permits unissued (county data, Sep 26, 2026). A new owner applies for their own permit — permits don't transfer with a sale. Check HOA rules too.
7 Beds
·
7.5 Baths
·
5,077 Sq Ft

About This Property

A rare ~3.45-acre lakefront compound where Old Tahoe heritage meets modern luxury and lifelong memories are made. Experience the soul of Lake Tahoe at the Hidden Harbor Legacy Estate, offering 230+ feet of pristine shoreline, a grand harbor-style pier with breakwater, boathouse, internal hoist, two buoys, and a protected private harbor with deeded water rights. Set within a secluded, gated enclave surrounded by massive granite boulders and crystalline turquoise waters, this timeless retreat blends classic Tahoe character with refined contemporary craftsmanship—delivering serenity, seclusion, and spectacular Mount Tallac and sunset views from nearly every vantage point. Designed for recreation, relaxation, and connection, the estate features a circular driveway, manicured lawns for gatherings, and dedicated lake gear storage. Hidden Harbor's waterfront amenities are extraordinary: an expansive 1,900+ sq. ft. pier, a boathouse, boat lift, pier lighting, and a protected sandy harbor with breakwater jetties, all creating a private waterfront playground for boating, swimming, and golden Tahoe evenings. With its rare scale, privacy, and unrivaled waterfront infrastructure, Hidden Harbor Legacy Estate is ideally suited as an extraordinary multi-generational family compound, executive retreat, or corporate wellness getaway—a once-in-a-generation offering on Tahoe's Nevada shoreline. Five fully renovated lakefront villas embody mountain-modern living, each offering breathtaking lake views, designer finishes, fireplaces, heated-floor bathrooms, full kitchens, dining areas, laundry, and private composite decks. Offered fully furnished with nearly all new designer furnishings, Hidden Harbor is ready to be enjoyed from the moment you arrive—bring your family and begin creating unforgettable Lake Tahoe memories. At the heart of the estate, Villa One serves as the communal lodge—crafted for effortless entertaining and family connection—with a striking bar, open living and dining spaces, two full bathrooms, a loft, and dual sliders opening to a panoramic view deck. Villa Two, the primary suite villa, offers vaulted ceilings, a spacious bedroom, spa-style bath with heated floors, gas fireplace, bar, chef's kitchen with slab granite counters, and a custom kids' loft. Villas Three, Four, and Five are detached two-bedroom residences, each with full kitchens, fireplaces, living and dining rooms, laundry, and private Trex decks overlooking the lake. Villa Five also includes a carport for covered parking. Beyond its remarkable legacy as a family compound, Hidden Harbor also presents one of the most compelling opportunities on Lake Tahoe's Nevada shoreline for future vision. Approximately ~32,966 sq. ft. of verified TRPA coverage, an additional ~4,948 sq. ft. of unused allowable coverage, and 6 Residential Units of Use (RUUs) provide a rare foundation for the next steward—whether preserving the existing estate, thoughtfully expanding it over time, or creating an extraordinary new lakefront architectural estate complemented by guest homes, garages, and exceptional amenities. Opportunities offering this combination of scale, entitlement, privacy, and protected waterfront are exceedingly rare. Perfectly located just five miles from Heavenly Village, Edgewood Golf Course, and Stateline's entertainment corridor, and only half a mile from Zephyr Cove Resort, this rare lakefront property combines accessibility, privacy, and enduring legacy—all within 45 minutes of Reno-Tahoe International Airport. Hidden Harbor Legacy Estate is where family traditions, natural beauty, and timeless design converge—celebrating the very best of Lake Tahoe's Nevada shoreline. Seller Financing Available — Inquire For Terms

Listed by Gregory Ochoa — Mountain Luxury Properties

Listing Details

Status Active Under Contract
MLS # 250057480
Days on Market 339
Price/Sq Ft $4,725

Property History

Oct 24, 2025
Listed for sale
$24,988,000
Aug 30, 2026
Price reduced
$23,988,000 $24,988,000 ↓ $1,000,000
Sep 13, 2026
Pending
$23,988,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2020 · county record $12,300,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 7
Baths 7.5
Sq. Ft. 5,077
Lot Size 3.45 acres
Stories 1
Year Built 1931
Property Type Single Family Residence
County Douglas
STR Jurisdiction Douglas County
APN 1418-34-302-001
Parking
Total Parking 20
Parking Features Additional Parking, Carport, RV Access/Parking
Exterior & Lot
Exterior Features Balcony
Lot Features Adjoins Lake, Gentle Sloping, Landscaped, Sprinklers In Front, Wooded
View Mountain(s)
Construction Glass
Roof Composition, Pitched, Shingle
Foundation Concrete Perimeter
Utilities & Systems
Heating Fireplace(s), Natural Gas, Wall Furnace
Water Source Lake Tahoe
Financial
Annual Tax $44,745
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

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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Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
21,794 sq ft covered of 21,518 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
161,240 sq ft
Allowed Coverage
21,518 sq ft · 13%
Existing Coverage
21,794 sq ft · 14%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
1b, 1c, 2, 4, 6
Existing Units
6

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

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

$126,004 per month
Principal & interest
$121,296/mo
Property taxes
$3,729/mo
The seller's current bill, from the MLS: a Nevada bill doesn't reset when a home sells.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$979/mo
Estimated ~$9,500–$14,000/yr — get a local broker quote for accuracy.
Down payment
20% ($4,797,600)
Home price
$23,988,000
Loan details
30-yr fixed, 6.5%
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