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21 acres of rare Lake Tahoe legacy

3 Properties Offered at $29,500,000 in Tahoe Vista, CA

Investment Highlights

  • A once-in-a-lifetime opportunity
  • Sandy Beach
  • Development - Redevelopment Opportunity
  • Lake Tahoe Lakefront

Executive Summary

Own a piece of Lake Tahoe’s rich heritage
Unmatched Expansion and Redevelopment Potential on Prime Waterfront Property
Embark on a once-in-a-lifetime journey to own a piece of Lake Tahoe’s rich heritage with the Mourelatos Lakeshore Resort. Situated on 21 pristine acres of prime Lake Tahoe real estate, this iconic family-owned resort offers unparalleled redevelopment and expansion opportunities.
The Properties consist of three individual parcels of land. APN 117-072-013 (“Parcel 1”) is a lakefront property located at 6834 North Lake Boulevard, comprising approximately 3.2 acres of land, including 275 linear feet of beach frontage.The Mourelatos Lakeshore Resort (MLR) on Parcel 1 includes 32 hotel units housed in four separate buildings, an office and residence housed in a fifth building, 33 parking spaces, 32,242 sf of existing land coverage, landscaping and hardscape and three legally existing mooring buoys.
APN 117-071-028 (“Parcel 2”) is located at 6835 North Lake Blvd directly across from Parcel 1 and comprises approximately 5.9 acres of land. Parcel 2 contains a mix of uses, including 19 multiple-family dwellings (MFDs), 17 active and nine banked transient lodging units, a campground with eight RV connections and bathrooms, and a commercial ice cream shop. Parcel 2’s 15 structures and asphalt and dirt driveways and parking areas equate to 47,459 sf of land coverage.
APN 112-050-001 (“Parcel 3”) is an undeveloped property comprising approximately 12.12 acres of land located north of Parcel 2. Parcel 3 is undeveloped.
The Properties are all located within the Tahoe Basin Area Plan but in three distinct zoning districts each of which prescribes the permissible uses and development standards applicable to properties located therein. Parcel 1 is located in the Mixed-Use Community Center West (MU-CCW) Subdistrict. Parcel 2 is located in the Mixed-Use Gateway West (MU-GW) Subdistrict. Parcel 3 is located in the Tahoe Estates Subdistrict.

Property Facts

Price $29,500,000
Price / SF $103.98 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Redevelopment Project
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 283,716 SF
Total Land Area 39.43 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Mourelatos Lake Resort
6834 N Lake Blvd, Tahoe Vista, CA 96148
Hospitality 18,000 SF 1942 -
6698 Idlewood Rd, Tahoe Vista, CA 96148 Land 12.50 AC - -
6835 N Lake Blvd, Tahoe Vista, CA 96148 Multifamily 265,716 SF 1956 -
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  • Listing ID: 33674915

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 21 acres of rare Lake Tahoe legacy, Tahoe Vista, CA

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