$4,995,000
38 S Point Place
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
·
5.0
Baths
·
4,100
Sq Ft
About This Property
Located on the sunny east shore of Lake Tahoe Nevada, this lake view custom home features 4 ensuite bedroom, a spacious family room, gym and numerous lake view decks/balconies. Ideally nestled into the natural surroundings, this mountain-style gem is both cozy and very well located. The Uppaway Estates development is a gated, waterside enclave with approximately 35 homes featuring a community pier with boat mooring, lakeside park, tennis-pickle ball court and abundant open space. Nevada residence enjoy an attractive tax climate including no state income tax, low property taxes, no inheritance tax and much more.
Listed by Clifton Chase — Chase International -Glenbrook
Listing Details
Status
Active
MLS #
260004080
Price/Sq Ft
$1,218
Property History
Apr 08, 2026
Listed for sale
$4,995,000
Property Overview
Beds
4
Baths
5.0
Sq. Ft.
4,100
Lot Size
0.06 acres
Stories
3
Year Built
2007
Property Type
Single Family Residence
Subdivision
Uppaway
APN
1418-15-511-001
Parking
Garage Spaces
2
Total Parking
3
Parking Features
Attached, Garage, Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Exterior Features
Balcony
Lot Features
Sloped Down, Sprinklers In Front
Construction
Stone
Roof
Composition, Pitched
Foundation
Crawl Space
Utilities & Systems
Heating
Forced Air, Propane
Financial
Annual Tax
$17,717
HOA / Community
UEHOA
Schools
Elementary School
Zephyr Cove
Middle School
Whittell High School - Grades 7 + 8
High School
Whittell - Grades 9-12
HOA & Community
Community Amenities
Barbecue, Management, Parking, Tennis Court(s)
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% ($999,000)
Home price
$4,995,000
Loan details
30-yr fixed, 6.5%
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