$3,300,000 $3,600,000 ↓ $300,000 reduced Active
12 Kelly Circle
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.
3 Beds
·
3.5 Baths
·
3,070 Sq Ft

About This Property

Located in Uppaway Estates, a gated lakeside community of about 30 homes on Lake Tahoe's east shore, this charming home is your serene mountain retreat. The spacious dining room is warm, inviting and ideal for family holiday gatherings. The master suite features a newly updated bathroom, cedar-lined closet and built in book shelves. A bonus room on the ground floor makes for an ideal artist studio, office, or den. Uppaway residents enjoy a lakeside park featuring a gas fire pit, tables, BBQ area and a community pier with boat moorings, kayak and paddle board storage. The lakefront park provides a welcoming spot to gather with friends and family while taking in Lake Tahoe's spectacular Sierra sunsets! With over 300 days of sunshine, enjoy the community hiking trails, private tennis and pickle ball court, then at night take in some spectacular star gazing. Located within 20 minutes of world class skiing, fine dining , entertainment, gaming, shopping and easy access to international and private airports, Tahoe is a scenic 3 1/2 hour drive from the San Francisco Bay Area and California Wine Country. As an added perk, Nevada residents enjoy numerous personal and business tax advantages.

Listed by Susan Clemons — Chase International -Glenbrook

Listing Details

Status Active
MLS # 250058886
Days on Market 247
Price/Sq Ft $1,075

Property History

Dec 08, 2025
Listed for sale
$3,300,000
Jun 27, 2026
Price changed
$3,300,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2017 · county record $1,295,000 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.

Property Overview
Beds 3
Baths 3.5
Sq. Ft. 3,070
Lot Size 0.06 acres
Stories 3
Year Built 1981
Property Type Single Family Residence
Subdivision Uppaway
County Douglas
STR Jurisdiction Douglas County
APN 1418-15-511-018
Parking
Garage Spaces 2
Total Parking 4
Parking Features Additional Parking, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Common Area, Gentle Sloping, Landscaped, Sprinklers In Front, Sprinklers In Rear, Wooded
View Mountain(s), Trees/Woods
Construction Stone Veneer
Roof Composition
Foundation Concrete Perimeter, Crawl Space
Utilities & Systems
Heating Fireplace(s), Hot Water, Propane
Water Source Lake Tahoe
Financial
Annual Tax $5,972
HOA Fee $1,000 / Quarterly
HOA / Community Uppaway Estates
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, Parking, Tennis Court(s)
📊

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 — 12 Kelly Circle, Glenbrook

Est. Annual Revenue
$137,241
Avg Nightly Rate
$1173
Projected Occupancy
32.0%
Cap Rate
1.7%
Structural Score: 56 / 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
1,912 sq ft covered of 510 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
2,549 sq ft
Allowed Coverage
510 sq ft · 20%
Existing Coverage
1,912 sq ft · 75%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
6
Existing Units
1

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 ↗

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% ($660,000)
Home price
$3,300,000
Loan details
30-yr fixed, 6.5%
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