$1,988,000 Active
350 Glenmore Way
South Lake Tahoe, CA 96150
✗ STR Not Allowed — Cap Reached, Waitlist Full
El Dorado County's STR program is at cap and the waitlist is full — no new permits are being issued.

About This Property

Opportunities like this are almost mythical in the Tahoe Basin---350 Glenmore Way---an extraordinary 11-acre property that borders National Forest and the rugged beauty of Desolation Wilderness, with front-row views of Mt. Tallac, Lake Tahoe, and Fallen Leaf Lake. Just steps from the Angora Ridge trailhead to Angora Lakes, this property places you at the intersection of serenity and adventure.Two distinct building sites offer flexibility: one perched directly off Glenmore with commanding views over a dramatic drop-off, the other tucked off Aberdeen Circle with more privacy yet equally stunning vantage points. With a completed TRPA DOAC and more than 35,000 square feet of verified coverage, a figure that is virtually unheard of in Tahoe, you have the freedom to dream big. Whether that means a sprawling legacy home, guest residences, a party barn, or oversized garages for your toys, the canvas is yours.The topography itself is part of the attraction, with slopes that make it possible to ski your own land, even envision a private rope tow among the trees. Long-time builder Bob McIntyre, the current owner, is finalizing refreshed plans and is open to a build-to-suit, or you can bring your own architect to craft the ultimate mountain retreat.In a market where land of this caliber simply doesn't come around, 350 Glenmore Way stands as one of the finest parcels ever offered in South Lake Tahoe, or anywhere in the Basin.

Listed by Mark Salmon — Compass

Listing Details

Status Active
MLS # 142221
Days on Market 254
Sold Date 1800-01-01

Property History

Sep 24, 2025
Listed for sale
$1,988,000
Property Overview
Lot Size 11.05 acres
Property Type UnimprovedLand
Subdivision Angora Highlands 2
County El Dorado
STR Jurisdiction El Dorado County
APN 032060014000
Exterior & Lot
View Lake, Mountain, Forest
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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%

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% ($397,600)
Home price
$1,988,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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