SOUTH LAKE TAHOE, California – If you’re looking for a new real estate investment and have $55,000,000 to spare, a 20 luxury townhome complex in South Lake Tahoe is up for sale. Gondola Vista, located just a short walk from the base of the Heavenly Gondola, provides a near ski-in/ski-out experience on a 3.43-acre parcel.
Featuring 4-6 bedroom floor plans, Gondola Vista is primarily used for short-term vacation rentals. 10 four bedrooms include two master suites, 3.5 bath, and 2 car garages. Plus, some include their own private hot tubs. The five and six bedroom units (five of each) both have two master suites and 4.5 bathrooms, and each include 2 car garages.
“In addition to its current offerings, Gondola Vista holds significant development potential. Located within an Opportunity Zone and the Tourist Core Area Plan, allowing for the possibility of constructing up to a 71-unit hotel or +/-20 additional condos, further enhancing its appeal in a market dominated by economy and midscale accommodations.“
While it would be nice to purchase one individual townhome, this is available as one large bulk investment. The property is located at 30 Lake Parkway, South Lake Tahoe, CA, and it’s listed by Gregory Ochoa and Scott Fair.