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12600 CA-36
Lake Almanor, CA 96137
Land For Sale · 1,581.00 AC
Investment Highlights
- Lake View Estate Lots
- Mixed Use Development Opportunities
- Private Compound
- Northern California's Best Kept Secret
- Corporate Retreat
Executive Summary
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1,581.00 AC |
| Property Type | Land |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1,581.00 AC |
1 Lot Available
Lot
| Price | $19,995,000 | Lot Size | 1,581.00 AC |
| Price Per AC | $12,647 |
| Price | $19,995,000 |
| Price Per AC | $12,647 |
| Lot Size | 1,581.00 AC |
Almanor Lakeside Ranch is a proposed mixed-use project located on approximately 1,397 acres on the Lake Almanor Peninsula. Property includes 18 parcels 2 of which are zoned commercial, the remaining zoned residential for maximum potential.
Description
TIMBER HARVEST A timber harvest contract with Collins Pine is expected to net up to $2,000,000. Future sustainable harvests can be conducted approximately every 10 years. PREMIUM LAKE VIEW HOMES Lake Almanor is experiencing historically low inventory in all phases of residential properties. This makes the 44 front-row lakeview homesites quite attractive (see tentative map). With similarly situated 2,500 sqft. homes fetching $1.2 – $1.3 Million, such a development should be able to generate north of $10 Million. This also does not take into consideration the additional premium homes that can be built by expanding on this same infrastructure (see map). RECREATIONAL VEHICLE AND BOAT STORAGE There is an incredible lack of storage opportunities for motorhomes, R.V.’s, boats and snowmobiles in the Almanor Basin, and most specifically, the Lake Almanor Peninsula. A nearby facility is evaluated at approximately $3.2M based upon occupancy and rent rolls. Locating a 100,000 sqft. facility on this property would be well worth investigating. The location would have close proximity to water access. The estimated cost to build such a facility is approximately $120 – $150 per sqft. HOTEL AND SPA A 14-acre site has been approved for 150 room Hotel/Spa. The demand for high- end lodging is extreme, with nightly rates reaching $400/room. Making this opportunity even more interesting is that the Plumas County General Plan greatly restricts the possibilities for meeting this demand. Such a hotel could be tied in with the approved 258-acre golf course or a “Glamping” compound. GLAMPING – R.V. PARK, CAMPGROUND, TENT SITES, OR A BOUTIQUE HOTEL The north end of the development is ideal for an expansive project featuring the above possibilities. The pandemic-driven, outdoor recreational adventure, is a hot opportunity in today’s development world. The Lake Almanor area has witnessed nearly 100% occupancy for campgrounds and R.V. parks. A development similar to the Costonoa Lodge and Resort in Pescadero California appears ideal. On-site hiking, mountain biking, pickleball, children’s activities, equestrian facilities and mixed-use lodging would be a welcome addition to the area. WORKFORCE HOUSING In March of 2022, the South Lake Tahoe region received a $19.6M grant from the California Department of Housing and Community Development for workforce housing. The current housing scarcity in the Almanor Basin has caused a severe shortage of available opportunities for affordable housing similar to the Tahoe region. This grant-funded 248-unit project in South Lake Tahoe will consist of studios all the way up to three-bedroom apartments. Average workforce monthly rents in the area range between $1,000-$1,500. The land uses possibilities are not limited to those listed above. For example, the property would be well suited for establishing a conservatorship for tax credits, building a family compound or creating a corporate retreat.
PROPERTY TAXES
| Parcel Number | 103-010-004-000 | Improvements Assessment | $0 |
| Land Assessment | $1,181,543 | Total Assessment | $1,181,543 |
PROPERTY TAXES
zoning
| Zoning Code | Resendetial (Residential planning) |
| Resendetial (Residential planning) |
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