3794 Montreal South Lake Tahoe CA MLS #140863

Situated within the tourist core area plan (TCAP), this approved 30-unit development offers a unique opportunity, backing onto Van Sickle Park and the Heavenly Ski Resort. Spanning 3.74 acres, the property offers ski-in/ski-out access and is directly connected to world-class mountain biking and hiking trails right at your doorstep. Nestled on a picturesque 12-acre meadow, the site boasts stunning views of downtown, the surrounding meadow, and the lake. Its location is within walking distance to major downtown amenities, including the Gondola, Marriott, Casinos, Lake, and Transit Hub.This rare opportunity allows for flexible use- whether you choose to sell some units, keep some units, or rent them out (either as long-term or Vacation Rentals), all these uses are permitted within the Tourist Core. The property is being offered under appraised value, with a great potential for investment and long-term value.Buildings 1, 2, and 5 already have construction documents in place, with work on Lots 1 and 2 underway. The property includes 20 TAUs and one RUU banked, along with 10,000 sq. ft. of Class 1b, which is in excess and not required for the project.Additionally, 3828 Montreal is also for sale, offering a remarkable combined 7-acre development opportunity in the Tourist Core.Buyers and their agents are responsible for conducting thorough due diligence on the property’s specifics. While the information provided is deemed reliable, it is not guaranteed by the seller or the seller’s agent.