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Sold for $505,000
  • $505,000

    1516 Glenwood Way, South Lake Tahoe, CA 96150

    3beds
    1,450sqft
    Single Family Residence
    Built in 1960
    6,098 Square Feet Lot
    $520,900 Zestimate®
    $348/sqft
    $4,116 Estimated rent

    Home value

    $520,900

    $495,000 - $547,000

    $4,116/mo

    Zestimate® history
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    What's special

    Mountain viewsSurrounded by mature pinesQuiet street
    Calling all Investors:1516 Glenwood Way is the kind of South Lake Tahoe opportunity investors watch for but rarely find: a centrally located property with strong upside potential, solid fundamentals, and multiple exit strategies. Set on a quiet street just minutes from Heavenly, the lake, and year‑round recreation, this home offers the perfect canvas for value‑add improvementswhether cosmetic, structural, or full redevelopment.The lot is spacious and sun‑filled, surrounded by mature pines and mountain views, giving future guests or tenants that signature Tahoe experience. Inside, the property is already mid‑renovation, allowing investors to step directly into a project without demo costs and shape the layout to maximize rental performance or long‑term equity.With South Lake Tahoe's high demand for updated inventoryboth for full‑time residents and seasonal visitors1516 Glenwood Way positions you to capitalize on strong appreciation trends, flexible rental potential, and a market hungry for modernized homes.For investors seeking a project with clear upside, a prime location, and the freedom to build value from the ground up, Glenwood Way is a standout opportunity.Buyers to do there due dillegence for size and accuracy of information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kimberly Moore 510-377-1492 kimmoore@comcast.net,

    eXp Realty of California

    Bought with:

    Kadmiel Alfeld, 01956128

    RE/MAX Gold - SLT

    Source: STAOR,MLS#: 143253MLS LogoOriginating MLS: South Tahoe Association of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living/Dining Combo
    Kitchen
    • Features: Other - See Remarks
    Heating
    • Fireplace(s), Other/See Remarks
    Appliances
    • Included: Gas Water Heater
    Features
    • Windows: Other/See Remarks
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Free Standing, Wood Burning
    Interior area
    • Total structure area: 1,450
    • Total interior livable area: 1,450 sqft

    Property

    Parking
    • Parking features: Attached
    • Attached garage spaces: 1
    Features
    • Patio & porch: Patio
    • Has view: Yes
    • View description: Meadow
    Lot
    • Size: 6,098 Square Feet
    • Features: Adjacent to Meadow
    Details
    • Parcel number: 025405004000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1960

    Community & HOA

    Community
    • Subdivision: Bijou Park
    Location
    • Region: South Lake Tahoe

    Financial & listing details

    • Price per square foot: $348/sqft
    • Tax assessed value: $552,038
    • Date on market: 7/24/2026
    • Cumulative days on market: 26 days
    • Date available: 01/01/1800
    • Listing terms: Cash

    Price history

    DateEventPrice
    8/19/2026Sold$505,000-3.8%$348/sqft
    Source: STAOR #143253 Report a problem
    8/3/2026Pending sale$525,000$362/sqft
    Source: STAOR #143253 Report a problem
    7/24/2026Listed for sale$525,000$362/sqft
    Source: STAOR #143253 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $552,038 +2%
    2025$7,900 +6.4%$541,215 +2%
    2024$7,427 +22.3%$530,604 +2%
    2023$6,072 -15%$520,200 +2%
    2022$7,142 +344.5%$510,000 +406.5%
    2021$1,607 +5.2%$100,695 +1%
    2020$1,527 +31.8%$99,664 +2%
    2019$1,158 +2.2%$97,710 +2%
    2018$1,134 +1.5%$95,795 +2%
    2017$1,117 +2%$93,917 +2%
    2016$1,095 +5.1%$92,076 +1.5%
    2015$1,042 $90,695 +2%
    2014$1,042 $88,921 +0.5%
    2013-- $88,521 +4%
    2012-- $85,085
    2011-- $85,085 +0.8%
    2010-- $84,451 -0.2%
    2009-- $84,653 +2%
    2008-- $82,994 +2%
    2007-- $81,367 +2%
    2006-- $79,773 +2%
    2005-- $78,210 +2%
    2004-- $76,677
    Find assessor info on the county website

    Neighborhood: 96150

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $520,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $520,900