$3,998,000 Active
164 Glen Court
Stateline, NV 89449
✓ 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
·
4.0 Baths
·
3,806 Sq Ft

About This Property

TAHOE LIFESTYLE~~This is not simply a Tahoe home—it is a private retreat where architecture, art and the forest become one. Set on approximately .40 acres at the end of a peaceful cul-de-sac and bordering permanent open space, this distinctive four-story residence rises among towering pines, natural granite and a remarkable sculpture garden featuring monumental works by world-renowned artist Yuyu Yang—all included in the sale. Inside, 3,806 square feet unfold with warmth, character and wonderful flexibility. The front entrance opens into a dramatic main living room defined by a soaring wood-beamed ceiling, substantial stone fireplace, gallery-worthy walls and broad windows framing the surrounding forest. A second fireside living area offers another inviting place to gather, while the formal dining room, breakfast nook and wet bar make the home equally suited to intimate evenings and memorable entertaining. Designed for people who truly enjoy cooking—and for guests who inevitably gather nearby—the distinctive kitchen features a professional-style gas range, double ovens, abundant cabinetry, generous butcher-block work surfaces, a long central island and skylights that bring natural light into the heart of the home. A large walk-in pantry provides exceptional storage. The spacious primary suite is a peaceful retreat of its own, with a comfortable sitting area and direct access to a deep covered deck suspended among the pines. A private, window-wrapped indoor spa room—with the hot tub included—adds an unexpected resort-like pleasure. Three additional bedrooms provide welcoming accommodations for family and guests, while a dedicated office and flexible walk-out lower level offer excellent possibilities for working from home, extended stays or multigenerational living. Exceptional supporting spaces distinguish this home from the ordinary: a true walk-in wine cellar ready for a serious collection; a full bath and private sauna; an expansive laundry and utility room with cabinetry, sink and workspace; and a finished two-car garage with extensive storage, workbench and additional refrigerator. Multiple decks and covered outdoor spaces extend the living experience into the forest, overlooking mature landscaping, dramatic granite formations and monumental sculpture. As evening falls, the residence transforms—its many windows glowing through the pines while polished sculpture reflects the changing Tahoe sky. Private, artistic and wonderfully unconventional, this is a home for those seeking more than square footage. The monumental sculptures, hot tub and most furnishings are included, offering the rare opportunity to acquire not merely a residence, but an established and beautifully composed Tahoe lifestyle.

Listed by Jean Merkelbach — Engel & Volkers Lake Tahoe

Listing Details

Status Active
MLS # 260011319
Days on Market 12
Price/Sq Ft $1,050

Property History

Sep 01, 2026
Listed for sale
$3,998,000
Property Overview
Beds 4
Baths 4.0
Sq. Ft. 3,806
Lot Size 0.40 acres
Stories 4
Year Built 1980
Property Type Single Family Residence
Subdivision Kingsbury Glen
County Douglas
STR Jurisdiction Douglas County
APN 1318-26-513-001
Parking
Garage Spaces 2
Total Parking 4
Parking Features Attached, Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Exterior Features Multiple Entry Flat or Ramped, Rain Gutters
Lot Features Corner Lot, Cul-De-Sac, Gentle Sloping, Landscaped, Level, Sloped Down, Sprinklers In Front
View Mountain(s), Trees/Woods
Roof Pitched, Tile
Foundation Crawl Space, Slab
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $5,083
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
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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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
4,030 sq ft covered of 1,503 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
17,865 sq ft
Allowed Coverage
1,503 sq ft · 8%
Existing Coverage
4,030 sq ft · 23%
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 ↗

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% ($799,600)
Home price
$3,998,000
Loan details
30-yr fixed, 6.5%
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