$3,187,000 Active
1348 Winding Way
Glenbrook, NV 89413
✓ STR Allowed — Permit Required
Douglas County NV STR permit required. Check HOA rules — many communities in this area restrict short-term rentals.
4 Beds
·
3.5 Baths
·
3,439 Sq Ft
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About This Property

Positioned within the exclusive enclave of Cave Rock Estates, this sophisticated mountain retreat offers commanding, unfiltered panoramic views of Lake Tahoe. The property stands as a premier Nevada tax-advantage luxury retreat and one of the most remarkable elevated vantage points on the market today. Spanning 3,400 square feet on a 0.42-acre parcel, the home exemplifies superior craftsmanship and effortless living. The level-entry floor plan opens into a dramatic great room featuring vaulted wood-beam ceilings and a floor-to-ceiling glass wall that beautifully frames the lake. The open-concept layout seamlessly connects the living, dining, and culinary areas, making it ideal for high-profile entertaining or quiet evenings by the gas fireplace. Three sliding glass doors lead to an expansive glass-railed balcony. With desirable southwest exposure, this outdoor space captures optimal afternoon light, spectacular sunsets, and sweeping views of Mt. Tallac and the East Shore. The gourmet chef's kitchen showcases rare blue granite countertops, custom cabinetry, and stainless steel appliances. A custom, hand-painted mural of Emerald Bay is integrated into the fireplace wall—a striking tribute to one of Lake Tahoe's most iconic landmarks. On the second level, the luxurious primary suite offers a dual walk-in closet and a spa-inspired bathroom with a double steam shower and dual vanities. This level also includes a richly appointed family room with a wet bar, a dedicated executive office, a second bedroom, and a guest bathroom designed as a private spa with an oversized jetted soaking tub. A separate, fully equipped laundry room is also located on this level. The lowest level features two additional bedrooms and a full bathroom. Each bedroom opens directly to a private view balcony, offering exceptional scenery and guest privacy. Additional high-performance upgrades include lifetime metal siding, premium composition roofing, an advanced solar panel array with Tesla Power wall battery storage, and an attached two-car garage. Located just minutes from Nevada's pristine East Shore beaches, world-class ski resorts, and casinos, this property delivers a rare combination of contemporary luxury, sustainable innovation, financial incentives, and breathtaking 180-degree panoramic views.

Listed by Dennelle Knudson — Chase International - ZC

Listing Details

Status Active
MLS # 260006547
Price/Sq Ft $927

Property History

May 22, 2026
Listed for sale
$3,187,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,439
Lot Size 0.42 acres
Stories 3
Year Built 1980
Property Type Single Family Residence
Subdivision Cave Rock Estates
County Douglas
STR Jurisdiction Douglas County
APN 1418-27-810-024
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage
Attached Garage Yes
Exterior & Lot
Exterior Features None
Lot Features Sloped Down
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Full Perimeter, Pillar/Post/Pier
Utilities & Systems
Heating Baseboard, Propane, Radiant
Financial
Annual Tax $9,282
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 — 1348 Winding Way, Glenbrook

Est. Annual Revenue
$152,334
Avg Nightly Rate
$1302
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 75 / 100 (Luxury) · STR Zone: Yellow

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

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($637,400)
Home price
$3,187,000
Loan details
30-yr fixed, 6.5%
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