Premium development opportunity -- 37 UNITS can be built on this $999,000

Acreage For Sale near Lake Tahoe

Premium development opportunity -- 37 UNITS can be built on this nearly 2.5-acre Lakeview Heights parcel that sits less than 1/2-mile from the California base lodge of Heavenly Ski Resort, 1-mile from Ski Run Marina and 2 miles from the Stateline casino corridor. Class-6 land capability and 30% coverage equates to over 31,000-sf of allowable coverage, that does not account for the numerous exemptions offered by the TRPA for high capability parcels. Located in Special Area #1, the allowed uses included single-family, condo/townhomes, multi-family, timeshares, hotel/motel or restaurants. The hotel/motel opportunity provides for a residential design option that allows the creation of luxury, ADA compliant townhomes with on-site management that can be utilized as nightly rentals for premier income potential. 14 PRU's (development rights) and 1 RUU (Residential Unit of Use) exist on the property, and the balance of entitlements are currently available through the City of So Lake Tahoe or other 3rd party portals.