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
November 22, 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 10:00 PM UTC, 11/22/2024. 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 Mountain Luxury Properties 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 10:00 PM UTC, 11/22/2024