Lake Tahoe’s 4-Acre Vistana Inn

Sold

The Vistana Inn is across the street from Lake Tahoe and is comprised of 3.78 acres on 3 separate parcels.  There are lakeviews from most of the property. The Vistana Inn has a private easement across the street to a sandy beach.

The Vistana Inn is an operating 25-unit lodge spread over one of the largest commercial properties on Lake Tahoe’s North Shore.  In addition,  to the 25 standard motel rooms.  There is a two-story cottage; and manager’s residence.  Nine of the units have kitchenettes.  There are three units with fireplaces. The rooms are basic run-of-the-mill quality.   There are on-site laundry facilities.  The plum is a separate one-acre lakeview parcel, fully develop-able.   This is one of the most remarkable real estate opportunities in Lake Tahoe at $1,375,000

Click Here For Virtual Tour

The property is currently operating on a 'maintenance' basis by the owners who own the neighboring Tahoe Sands timeshare resort ...   keeping it open only to maintain operating entitlements.  Gross revenue reporting should not be taken as indicative of potential performance for a property of this size and location.   That said,  this is a property with marginal a FF&E  and operating performance.  It is need of a substantial capital infusion to elevate its potential its highest and best use.   This a virtually unique, one-of-a-kind real estate parcel with a prime location and embedded entitlements.  The property draws fine Tahoe water from two wells.   This property was purchased by the neighboring property for $1.,900,000 in 2003 ... just for the value of its 'Tahoe'  entitlements.

Property Details