$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
Days on Market 3
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
County Douglas
STR Jurisdiction Douglas County
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 Fee $1,000 / Quarterly
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

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 — 38 S Point Place, Glenbrook

Est. Annual Revenue
$232,128
Avg Nightly Rate
$1984
Projected Occupancy
32.0%
Cap Rate
1.9%
Structural Score: 63 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Glenbrook. Revenue projections are estimates and may vary.

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
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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Email 9166671444

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