Active

3794 Montreal

South Lake Tahoe CA

$9,650,000


$59.23 per sqft

Active

3.74 Acres

Land

Situated within the tourist core area plan (TCAP), this approved 30-unit development offers a unique opportunity, backing onto Van Sickle Park and the Heavenly Ski Resort. Spanning 3.74 acres, the property offers ski-in/ski-out access and is directly connected to world-class mountain biking and hiking trails right at your doorstep. Nestled on a picturesque 12-acre meadow, the site boasts stunning views of downtown, the surrounding meadow, and the lake. Its location is within walking distance to major downtown amenities, including the Gondola, Marriott, Casinos, Lake, and Transit Hub.This rare opportunity allows for flexible use- whether you choose to sell some units, keep some units, or rent them out (either as long-term or Vacation Rentals), all these uses are permitted within the Tourist Core. The property is being offered under appraised value, with a great potential for investment and long-term value.Buildings 1, 2, and 5 already have construction documents in place, with work on Lots 1 and 2 underway. The property includes 20 TAUs and one RUU banked, along with 10,000 sq. ft. of Class 1b, which is in excess and not required for the project.Additionally, 3828 Montreal is also for sale, offering a remarkable combined 7-acre development opportunity in the Tourist Core.Buyers and their agents are responsible for conducting thorough due diligence on the property's specifics. While the information provided is deemed reliable, it is not guaranteed by the seller or the seller's agent.

140863

MLS ID

October 8, 2024

Listed

October 14, 2024

Updated

Map

3794 Montreal
South Lake Tahoe CA

Exterior/Building Features

Lot Size

3.74 Acres


Sewer

Utility District

Other Property Details

Area Name

Stateline


Days on Market

3


Garage

No


View

Yes


View Description

Lake, Mountain, Forest, Meadow, Ski Resort


County

El Dorado


Water Source

Utility District


Pool

No


Zoning

Multi Family

Listed by Duggan Smith, Broker, Duggan J Smith,
Listing Contact: 530-314-1129 

Based on information from the South Tahoe Association of REALTORS® MLS as of 8:39 PM UTC, 10/14/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jamison Blair shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 South Tahoe Board of REALTORS®. All rights reserved.

Data last updated 8:39 PM UTC, 10/14/2024

Powered byLuxury Presence