Homes for sale - 930 Balbijou, South Lake Tahoe, CA 96150

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Kristi Ghent

kristi@ghentteam.com +1(916) 759-1084

$15,900,000

Est. payment - /mo

27,668 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 27,668 sqft

Price per Sqft $574

MLS Listing ID 140632

Year Built 1965

Lot Size 2 Sqft

Property Sub-Type Commercial

Property Description

Nestled in the heart of South Lake Tahoe, the iconic Lakeshore Lodge and Spa is conveniently located in the center of town with easy access to Heavenly Ski Resort and the casinos in Stateline Nevada. Situated on 1.7 acres of land with 350 feet of private sandy beach, the lodge provides breathtaking views of one of the world's most beautiful vacation destinations with panoramic views from every room.The four-story lodge features 45 lakeview hotel rooms, 15 equipped with kitchens, a full-service day spa with five treatment rooms, sauna, lakeside pool and hot tub, pristine private beach, and BBQ area. Additional features include an in-house laundry with commercial washers and dryers, a spacious meeting room, utility room with a 500-gallon hot water tank, and the potential for a rooftop restaurant and bar. During the summer, guests can partake in inspiring events on the beach and savor the sunset while enjoying a glass of wine with family and friends. The lodge is surrounded by opportunities for outdoor adventures, including exploring Emerald Bay, engaging in water sports, hiking scenic trails, and relaxing on picturesque beaches. In the winter, relax by your in room fireplace and watch the snowflakes softly land. The Lakeshore Lodge and Spa provides a cozy haven in a snowy wonderland. The lodge serves as an ideal base for snowy adventures, with several ski resorts including Heavenly Ski Resort in close proximity, offering year-round relaxation and exhilaration.Adjacent to the lodge are 30 condos, with the owner serving as the HOA president, presenting significant potential for investment. Currently, 40% of the condos are owned by their original owners, making it a unique investment opportunity. Acquiring these condos could expand the property by adding another 150 feet of sandy beach and 30 additional units. 25 of the 30 Condos are rented nightly through the lodge creating a significant revenue stream. Moreover, the lodge owner owns one of these condos, which will be sold separately from the lodge.The LakeShore Lodge and Spa stands as one of the last untouched treasures on the lake, presenting a rare opportunity to develop a premier destination retreat.

Location

State CA

County El Dorado

Area Bijou 1

Rooms

Other Rooms Three or More, ADA Compliant

Interior

Heating Natural Gas, Electric, Fireplace, Forced Air

Cooling Natural Gas, Electric, Fireplace, Forced Air

Flooring Carpet, Tile, Concrete

Exterior

Exterior Feature In Ground Pool, Spa/Hot Tub

Utilities Available City Sewer, NaturalGasAvailable, Cable TV, Telephone, City Water

Roof Type Composition

Building

Story Two, Three Or More

Foundation Slab, Other

Others

Miscellaneous Elevator,Fire Stairs,Fire Escape,Security Lighting

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Listed by Chase International

"We are always here to help, we take great pride in providing expert guidance and advice!"

+1(916) 759-1084

kristi@ghentteam.com

930 Balbijou South Lake Tahoe, CA 96150