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In-PersonVirtual Tour
$ 999,000
Est. payment | /mo
2.4 Acres Lot
$ 999,000
Est. payment | /mo
2.4 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Heavenly Pines
MLS Listing ID 140095
Lot Size 2.404 Acres
Acres 2.4039
Property Sub-Type Vacant Land
Property Description
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.
Location
State CA
County El Dorado
Area Heavenly Valley
Exterior
Utilities Available NaturalGasAvailable, City Water, City Sewer, Cable TV, High Speed Internet, Telephone
View Mountain, Forest, Ski Resort, Filtered
Building
Sewer Utility District
Water Utility District
Others
Ownership Fee Simple
Listed by Compass
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Cindy Hipwell
REALTOR® | Lic# CA 01350620 NV BS145655