$899,000 $950,000 ↓ $51,000 reduced Active
8861 Glen Drive
South Lake Tahoe, CA 96150
⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.
3 Beds
·
2.0 Baths
·
1,224 Sq Ft

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About This Property

Includes membership to the coveted Rubicon Tahoe Owners Assoc. with two piers, beaches, and a buoy fields. This visually attractive fully furnished move-in ready home is well sited on the 1/3rd acre parcel and the homesite backs to Lonely Gulch Creek, Plus it is surrounded by National forest land. The cabin is in overall excellent upgraded and well maintained condition. The floor plan is functional & the natural ambient light is good. During the summer months, the large outdoor deck to the rear and the side of house expands the effective use of the home with both indoor and outdoor living. The design of the house lends itself to easy maintenance and upkeep. Having affordable access to a buoy on Lake Tahoe for your boat has become a very coveted affordable amenity.

Listed by Richard Raduziner — Sierra Sotheby's International Realty

Listing Details

Status Active
MLS # 143199
Days on Market 84
Price/Sq Ft $734

Property History

Jul 14, 2026
Listed for sale
$950,000
Jul 21, 2026
Price reduced
$899,000 $950,000 ↓ $51,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jul 2003 · county record $477,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 3
Baths 2.0
Sq. Ft. 1,224
Lot Size 0.31 acres
Year Built 1965
Property Type Single Family Residence
Style Chalet
Subdivision Rubicon Glen
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 016462003000
Parking
Garage Spaces 1
Parking Features Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed, Boat Dock
View Mountains, Forest, Other/See Remarks
Construction Wood Siding
Roof Asphalt, Composition
Foundation Concrete/Crawl Space
📊

STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
60
No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.

STR Investment Summary — 8861 Glen Drive, South Lake Tahoe

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Structural Score: 60 / 100 (Premium) · STR Zone: Red

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
2,409 sq ft covered of 136 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
13,587 sq ft
Allowed Coverage
136 sq ft · 1%
Existing Coverage
2,409 sq ft · 18%
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 ↗ How the Basin compares

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

$5,629 per month
Principal & interest
$4,546/mo
Property taxes
$820/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$263/mo
CA FAIR Plan + DIC estimate, ~$2,900–$3,400/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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