Townhome at the base of Heavenly Ski Resort is listed for $55 million

SOUTH LAKE TAHOE, California – Gondola Vista, an investment property consisting of 20 townhomes at the base of Heavenly Ski Resort in Lake Tahoe, has been listed for $55,000,000 with Gregory Ochoa at Mountain Luxury Properties and Scott Fair at NAI Tahoe Sierra.

The bulk sale includes 10 four-bedroom, six five-bedroom and four six-bedroom townhomes, each with a two-car garage, high-end finishes, private outdoor spaces, some with hot tubs, and all with beautiful lake and mountain views. .

“This is the only luxury ski-in/ski-out project currently available in the Lake Tahoe basin,” said Gregory Ochoa, Mountain Luxury Properties. “The development consists of high-end luxury homes that are exempt from the short-term rental restrictions that impact much of South Lake Tahoe. There is also significant development potential, including the possibility of building a 71-unit hotel or 20 additional apartments.”

Located in an opportunity zone, it allows the construction of a 71-unit hotel or approximately 20 additional apartments. Investors may consider adding amenities such as a spa or fitness center.

“The current housing market in the Lake Tahoe region is experiencing several notable trends. There is a limited supply of housing, especially in desirable areas such as ski-in/ski-out properties or lakeside locations. This scarcity has kept prices high despite fluctuating demand,” Ochoa said. “Buyers, especially from urban areas, continue to look for second homes and vacation properties.”

“South Lake Tahoe has implemented stricter rules for short-term rentals, creating a divide between properties that are exempt and properties that are not. This has increased the desirability of properties without short-term rental restrictions, especially for investors looking for income-producing properties. Rising mortgage rates have begun to impact purchasing behavior, with some potential buyers becoming more cautious. However, the luxury segment is somewhat insulated from these shifts, as many buyers in this category may not rely on financing to the same extent. Overall, the Lake Tahoe region remains a strong market, especially for luxury homes and ski-in/ski-out properties,” Ochoa said.

Situated on a meticulously landscaped 3.43-acre parcel at the base of the world-famous Heavenly Ski Resort, these townhomes offer a true ski-in/ski-out experience. This investment is available as a ‘bulk sale’ for all 20 luxury townhomes. Located within the City of South Lake Tahoe Tourist Core Area Plan, Gondola Vista benefits from the opportunity to operate all 20 townhomes as short-term rentals with no minimum nightly occupancy restrictions. Each townhome has its own APN, which provides the flexibility to sell them individually. The 20 homes include 10 four-bedroom townhomes, six five-bedroom townhouses and four six-bedroom townhomes ranging from 2,870 to 3,616 square feet of gross living area, each with a two-car garage. These luxury townhomes feature expansive floor plans, high-end finishes, private outdoor spaces, and some even have private hot tubs, all with breathtaking lake and mountain views.

More information at https://www.gondolavista.com/.