$1,350,000 Active
848 Glorene Avenue
South Lake Tahoe, CA 96150
✓ STR Allowed — Permit Required
City of South Lake Tahoe requires a Vacation Home Rental (VHR) permit — capped at roughly 900 permits citywide (residential zones), so availability varies. Verify current permit availability before counting on rental income.
7 Beds
·
3,061 Sq Ft

About This Property

Large 4 bedroom 3 bath house with a 3 bedroom 2 bath ADU on over 1/2 acre of land. Interior is presently in the process of being fully remodeled with plans and permits.. Interested parties or contractors could buy now and finish the job to their vision. This used to be the Montessori school which many locals are familiar with. 5 new bathrooms are being done as well as 2 new kitchens.Building is set well back from the street and has a large circular driveway. Huge yard in the back has a large storage shed. Property is vacant and rents have been estimated by the agent.This is a great opportunity for buyer to finish. New windows will be installed and new sheetrock, tape, texture and paint is being done very soon. All new approved plans can be looked at and go with the property. Listed price is a finished price.

Listed by Lloyd Aronoff — RE/MAX Gold - SLT

Listing Details

Status Active
MLS # 143176
Days on Market 1
Sold Date 1800-01-01
Price/Sq Ft $441

Property History

Jul 08, 2026
Listed for sale
$1,350,000
Property Overview
Beds 7
Sq. Ft. 3,061
Lot Size 0.51 acres
Year Built 1954
Property Type Duplex
Subdivision Unavail
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 023341007000
Parking
Garage Spaces 1
Attached Garage Yes
Exterior & Lot
Exterior Features Storage Shed
Construction Wood Frame, Wood Siding
Roof Tar/Gravel, Composition
Foundation Concrete/Crawl Space
Pool & Spa
Pool No
Utilities & Systems
Heating Forced Air, Natural Gas
Cooling None, Other/See Remarks

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% ($270,000)
Home price
$1,350,000
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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