Active
930 Balbijou Rd
South Lake Tahoe, CA CA, 96150
$18,000,000
$562.50 per sqft
Active
32,000 sqft
Commercial
Built in 1965
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.
240010615
MLSⓇ ID
August 19, 2024
Listed
November 22, 2024
Updated
Map
930 Balbijou Rd
South Lake Tahoe, CA CA, 96150
Interior Features
Total Stories
4
Interior Features
Sheet Rock
Floor Description
Carpet, Vinyl Tile
Fireplace
No
Cooling
Yes
Cooling Description
Electric, Natural Gas, Forced Air
Heating
Yes
Heating Description
Electric, Natural Gas, Forced Air
Exterior/Building Features
Lot Size
1.71 Acres
Exterior Features
Wood Siding
Roof
Composition/Shingle
School Information
High School
El Dorado, CA
Other Property Details
Days on Market
13
Garage
No
Parking
80
View
No
County
El Dorado, CA
Pool
No
Zoning
Business
Courtesy of Chase International - ZC, Mike Dunn
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Data last updated 9:06 PM UTC, 11/22/2024