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$ 798,000
Est. payment | /mo
2.4 Acres Lot
$ 798,000
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 143583
Lot Size 2.404 Acres
Acres 2.4039
Property Sub-Type Vacant Land
Property Description
**Rare Development Opportunity in Heavenly Valley!**-- Offering the potential for up to 37 units, this nearly 2.5-acre parcel in Lakeview Heights combines exceptional development flexibility with a premier South Lake Tahoe location, less than 1/2 mile from Heavenly Ski Resort's California Base Lodge, 1 mile from Ski Run Marina and just 2 miles from the Stateline casino corridor.Class 6 land capability and 30% coverage provide over 31,000 sq. ft. of allowable land coverage, exclusive of numerous TRPA exemptions available to high-capability parcels. Located within Special Area #1, allowable uses include single-family residences, condominiums/townhomes, multifamily housing, timeshares, hotel/motel accommodations and restaurants. Of particular interest, both residential-design and hotel/motel-design timeshares are expressly allowed under the Lakeview Heights Plan Area Statement, creating a unique opportunity for luxury, fully equipped, townhome-style vacation accommodations with individual kitchens and residential amenities. City-approved timeshares are excluded from conventional Vacation Home Rental permitting requirements, presenting a compelling alternative for a professionally managed vacation ownership and rental concept.The property includes 14 existing PRUs (development rights) and 1 RUU (Residential Unit of Use), with additional entitlements potentially available through the City of South Lake Tahoe or third-party sources. An exceptional opportunity to capitalize on substantial development potential in one of Lake Tahoe's most desirable year-round resort destinations.
Location
State CA
County El Dorado
Area Heavenly Valley
Exterior
Utilities Available NaturalGasAvailable, Cable TV, Telephone
View Mountain, Forest, Ski Resort, Filtered
Building
Sewer City Sewer, Utility District
Water City Water, Utility District
Others
Ownership Fee Simple
Listed by Compass
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