$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

Positioned along Lake Tahoe's most coveted shoreline within the gates of Shakespeare Ranch, Water's Edge is a rare opportunity to own a lakefront estate in Glenbrook, Nevada, Tahoe's only gated lakefront golf course community, with sweeping lake and Sierra views from nearly every room. The New England-style residence includes a two-story lakefront cabana with a rooftop deck. The approximately 4,150-square-foot main residence offers three en-suite bedrooms, a media room or 4th bedroom, formal dining room, and attached two-car garage. Included is another 2-car garage, apartment, and cabin, totalling approx 6,000 SF of living space. With 70 feet of private shoreline, the property features one of Tahoe's longest shared piers, extending 465 feet, plus 2 private buoys. The offering includes 2 guest houses, plans for a new Marc Appleton estate where the apartment and cabin reside. Subject to final TRPA approval of a new APN (Douglas County approved). The proposed new lot is approx 2 acres.

Listed by Christine Perry — Christie's Sereno

Listing Details

Status Active
MLS # 1019089
Days on Market 1
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 0.70 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 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
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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 — 1960 Glenbrook, Glenbrook

Est. Annual Revenue
$946,944
Avg Nightly Rate
$8768
Projected Occupancy
29.5%
Cap Rate
1.0%
Structural Score: 77 / 100 (Luxury) · 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
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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