Northstar California Resort, California, United States

For Sale in Kings Beach with 12 Bedrooms

USD 3,975,000

Primary Information

Description:

12 Unit Mobile Home park, with 9 Additional "Tiny Home" sites Application in Progress, steps away from the sandy beach of Kings Beach State Beach Recreation Area. Currently, there are 12 units, 5 of which are almost brand new and 2 have been extensively remodeled. Sellers are finalizing the 9 additional units/sites with the local governing agencies. TRPA has recently up zoned the site to have up to 100% Coverage and 65’ height for Affordable Housing Units that will be limited to 80% AMI. AMI for the County is $82,000. Rental Rates can be set close to Market Rate. Excellent opportunity for investment as well as future development with 2 level and sunny parcels, totaling 40,000 Square Feet just under an Acre (.93) in the Mixed Use Mountain Town Center. Central location one block off of the main street of Kings Beach, where you will find gorgeous sandy beaches, public pier and park areas, seasonal boat launch, basketball courts, dining, shopping, and nightlife. Located to a transportation corridor with Free Transportation provided by Tahoe Area Regional Transit in all directions around the Lake. Site is also served by the FREE TART Connect On Demand UBER Style Shuttle Service. Nearby Major Ultra High End Developments of Frank Sinatra's previously owned casino, The Cal Neva, now owned by Proper Hotels and the old Tahoe Biltmore Casino now under the Waldorf Astoria Flag, the area of Kings Beach is poised to once again be the hub of the North Shore. These developments, along with multiple other downtown projects, make this property an excellent option for investors that love the Tahoe Region and want to contribute to area development. Previous local projects include the newly constructed 77 UNIT Class A Luxury Affordable Housing Building on 204 Chipmunk St. and Lake Boulevard.(Photo of the Domas Building included in pictures), which have led the way for developers to create employee housing and local housing, which is a much-needed amenity that the area needs. Other options for the site include micro home communities, tiny homes, hotels/motels, commercial, and more. This area of Lake Tahoe is on the precipice of revitalization and modernization and this is your chance to get in early on the Renaissance of this famed town!

Seller reference: 361a4f80-0f62-4761-b864-6b194c019e2d

See listing details on Sierra Sotheby's International Realty

Nearest Location:

Duration: 1 min
Distance: 0.4 km

Duration: 16 mins
Distance: 16.9 km

Duration: 11 mins
Distance: 8.9 km

Location Feature:

1,929m - 2,624m
Resort altitude

14
Lifts

4.4 km
Lifts to Town Center

This property is marketed by

Sierra Sotheby's International Realty

10044 Donner Pass Rd

I am interested in this property

First Name *

Last Name *

Mobile

Email *

Message

Buying Timescale:

I would like:

More Details

To view the property

Call me

E-mail me

WhatsApp me

Get help with currency exchange. Avoid losing money on your purchase with help from our trusted partner Smart Currency Exchange (see their privacy policy)

I hereby agree that it will use the data submitted in order to contact me for marketing/business development purposes, as further explained in the privacy policy. SnowOnly have partnered with Property Guides to provide our customers with top tips and useful information to help with your property purchase. Your data will be handled with care in accordance with their privacy policy.