Large 1/2 acre lot with 5 old studio units and storage building $1,150,000

Lake Lot For Sale

Large 1/2 acre lot with 5 old studio units and storage building currently on the property. The property is offered as a vacant lot which will allow a single family home and two ADUs (additional dwelling units). Total allowed coverage is 8,391 sq ft. Surplus of coverage after building a dwelling would be approximately 5,000 square feet and can be sold. Current value is estimated to be $25-$35 per square foot. The property location allows lake access within a short distance off two county roads, close to bike trails, near Homewood Mountain Resort and two marinas. Building off the back side on Sacramento will allow a pleasant view of Lake Tahoe and allow great morning sun exposure sitting on the back deck having coffee. Prior to construction, an Owner will benefit from rental income from all five units ranging from $1,200 to $1,500 per month.