$39,500,000 Active
1960 Glenbrook Road
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
·
4,980 Sq Ft
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About This Property

Positioned along one of Lake Tahoe's most coveted stretches of shoreline within the private gates of Shakespeare Ranch, Water's Edge offers a rare opportunity to own an iconic lakefront estate in historic Glenbrook, Nevada. Set in Tahoe's only gated lakefront golf course community, the property captures sweeping lake and Sierra Nevada views from nearly every room. Designed in a timeless New England architectural style, the residence is complemented by an exceptional two-story lakefront cabana connected by an expansive wraparound teak deck, creating a seamless indoor-outdoor setting for entertaining and lakeside living. The cabana features a rooftop viewing deck, lounge, and wet bar, offering an unforgettable place to enjoy Tahoe's ever-changing landscape. The approximately 4,150-square-foot main residence includes three en-suite bedrooms, a media room or 4th bedroom, formal dining room, spacious living room, and attached two-car garage. Exposed beam ceilings and walls of glass fill the living spaces with natural light while framing panoramic views of the lake and surrounding Sierra. Situated on approximately 0.71 acres with 70 feet of private shoreline, the property also features one of Lake Tahoe's longest private piers, extending approximately 465 feet into the lake, together with a private buoy for exceptional boating access. Included in the offering are two guest houses, subject to final TRPA approval of a new APN. Douglas County approval has already been obtained, creating an extraordinary opportunity for a future family compound within one of Tahoe's most historically significant waterfront settings. The proposed new lot size is approximately 2 acres.

Listed by Christine Perry — Christie's International Real Estate Sereno

Listing Details

Status Active
MLS # 260009870
Price/Sq Ft $7,932

Property History

Jul 31, 2026
Listed for sale
$39,500,000
Property Overview
Beds 6
Baths 7.5
Sq. Ft. 4,980
Lot Size 0.70 acres
Stories 2
Year Built 2000
Property Type Single Family Residence
County Douglas
STR Jurisdiction Douglas County
APN 1418-10-702-009
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Exterior Features Balcony, Boat Slip
Lot Features Adjoins Lake, Landscaped, Level, Sprinklers In Front, Sprinklers In Rear
View Mountain(s), Trees/Woods
Construction Stone
Roof Pitched, Shake
Foundation Slab
Utilities & Systems
Heating Forced Air, Propane, Radiant Floor
Cooling Central Air
Water Source Lake Tahoe
Financial
Annual Tax $41,161
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 — 1960 Glenbrook Road, Glenbrook

Est. Annual Revenue
$941,868
Avg Nightly Rate
$8721
Projected Occupancy
29.5%
Cap Rate
1.0%
Structural Score: 74 / 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
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. Figures come from TRPA's public parcel data and are estimates; verify before relying on them for a build or purchase.

Verify on Tahoe Info ↗

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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