$8,050,000
15 Kelly Circle
Glenbrook, NV 89413
STR Status Unknown
4 Beds
·
5.5 Baths
·
5,925 Sq Ft
·
7840 Lot

About This Property

A Composed Expression of Tahoe Living, set along Tahoe's storied East Shore — Within the coveted lakeside community of Uppaway in Glenbrook, this mountain estate presents a rare expression of Tahoe living, where craftsmanship and natural beauty exist in quiet alignment. Positioned on a gently situated homesite surrounded by towering pines and filtered mountain vistas, the residence offers a sense of retreat while remaining moments from the shoreline. Spanning approximately 6,000 square feet across three levels, the home is defined by enduring materials and thoughtful design. A slate roof crowns the structure, while interiors unfold with vaulted ceilings, expansive windows, and a series of well-proportioned living spaces that invite both gathering and retreat. Five fireplaces create warmth and architectural presence throughout, anchoring the great room and additional living areas. The kitchen is designed for both everyday function and elevated entertaining, appointed with a primary dishwasher, double ovens, a gas cooktop, two garbage disposals, and generous prep and storage space. A secondary dishwasher in the bar area enhances hosting capability, while adjacent dining and living spaces flow naturally to heated decks, extending the living experience into the surrounding landscape. The residence offers four bedrooms, four full baths, and three half baths, including a primary suite on the main level with a spacious bath and walk-in closet. Additional spaces include a dedicated study/library, game and recreation areas, and guest quarters—providing flexibility for multi-generational living or hosting. Radiant floor heating delivers consistent comfort, complemented by snow-melt systems across the driveway, roof, gutter guards, and outdoor surfaces, designed for seamless winter living. A finished walk-out basement enhances livability and scale, while the two-car garage is heated by a separate unit for added functionality. Residents enjoy the privileges of Uppaway, including gated access, private beach, buoy field, pier, tennis, and curated lakeside amenities—an increasingly rare offering on Tahoe's East Shore. This is a home that balances substance and setting—crafted for those who value craftsmanship, intention, and a lasting sense of place at Lake Tahoe.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260003855
Price/Sq Ft $1,359

Property History

Apr 02, 2026
Listed for sale
$8,050,000
Property Overview
Beds 4
Baths 5.5
Sq. Ft. 5,925
Lot Size 0.18 acres
Stories 3
Year Built 1995
Property Type Single Family Residence
Subdivision Uppaway
APN 1418-15-511-014
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener, Heated Driveway, Heated Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Rain Gutters
Lot Features Corner Lot, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Peek, Trees/Woods
Construction Stucco
Roof Pitched
Foundation Crawl Space
Utilities & Systems
Heating Propane, Radiant Floor
Financial
Annual Tax $17,057
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)
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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%

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% ($1,610,000)
Home price
$8,050,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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