$39,500,000 Active
1960 Glenbrook
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.
6 Beds
·
7.5 Baths
·
6,000 Sq Ft
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About This Property

Set along Lake Tahoe’s coveted shoreline within the gates of Shakespeare Ranch, Water’s Edge offers a rare Glenbrook lakefront setting with sweeping lake and Sierra views. The approximately 4,150-square-foot main house has four bedrooms, including three en-suite bedrooms and a fourth currently used as a media room, plus a formal dining room and attached two-car garage. A detached, two-story lakeside cabana with a rooftop deck offers another place to gather by the water. Two guest homes—a one-bedroom apartment and the one-bedroom Postmistress Cabin—provide space for extended family and friends. A second two-car garage and six additional parking spaces complete the property. Enjoy 70 feet of private beach, access to a shared 465-foot pier, and two private buoys in Glenbrook’s gated lakefront golf community. The approx. 6,000SF includes the main home, cabana, apartment, and cabin, plus more coverage available!

Listed by Christine Perry — Christie's Sereno

Listing Details

Status Active
MLS # 1019089
Days on Market 37
Price/Sq Ft $6,583

Property History

Aug 11, 2026
Listed for sale
$39,500,000
Property Overview
Beds 6
Baths 7.5
Sq. Ft. 6,000
Lot Size 2.00 acres
Year Built 2000
Property Type Single Family Residence
Style Split Level
County Douglas
STR Jurisdiction Douglas County
APN 1418-10-702-009
Parking
Garage Spaces 4
Parking Features Four Car Garage,Four or more Spaces,Garage
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony,Deck,Patio
Lot Features Lake Front,Level
View Lake,Mountain(s),Panoramic
Construction Frame,Stone
Roof Pitched,Shake
Utilities & Systems
Heating Forced Air,Hot Water,Propane
Cooling Central Air,Wall/Window Unit(s),1 Unit
Financial
Annual Tax $41,161
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
3,168 sq ft covered of 2,790 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
30,412 sq ft
Allowed Coverage
2,790 sq ft · 9%
Existing Coverage
3,168 sq ft · 10%
Addable Coverage
0 sq ft
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% ($7,900,000)
Home price
$39,500,000
Loan details
30-yr fixed, 6.5%
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