$4,695,000 $4,995,000 ↓ $300,000 reduced Active
38 S Point Place
Glenbrook, NV 89413
✓ STR Allowed — Permit Required
Douglas County NV STR permit required — the county allots only about 600 permits and availability is hit-and-miss, so expect a possible waitlist. Check HOA rules too — 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 133
Price/Sq Ft $1,145

Property History

Apr 08, 2026
Listed for sale
$4,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 2003 · county record $810,000 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.

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

Yellow Zone
STRUCTURAL SCORE Premium
63
PROJECTED GROSS ANNUAL REVENUE
$163K – $265K typically ~$218,205
~$18,184 per month
Avg Nightly
$1865
Occupancy
32%
Cap Rate
1.9%

STR Investment Summary — 38 S Point Place, Glenbrook

Est. Gross Annual Revenue
$163K – $265K
typically ~$218,205
Avg Nightly Rate
$1865
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. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
1,901 sq ft covered of 25 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
2,499 sq ft
Allowed Coverage
25 sq ft · 1%
Existing Coverage
1,901 sq ft · 76%
Addable Coverage
0 sq ft
IPES Score
693.0
Land Capability · TRPA-verified
IPES
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 ↗

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% ($939,000)
Home price
$4,695,000
Loan details
30-yr fixed, 6.5%
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