884 Emerald Bay, South Lake Tahoe, CA 96150

Property Description

Rare in-town VHR development potential on 1/4 acre, with an attractive vintage cabin, a back structure, and ample additional parking, currently zoned as TC-G with various allowed uses, including commercial, multi-unit, residential. This versatile property offers a variety of terrific high-end development opportunities that this striving commercial 'Y area' has seen in the last few years, with advantageous zoning and density possibilities to continue this area trend as per the Tahoe Valley Area Plan. Explore developing air-divided condos for VHRs on this lot stretching from Emerald Bay Rd to Roger Ave. The added advantage of a Transient Occupancy Unit (TAU) zoning presents avenues for short-term housing, catering to the ever-growing demand from vacationers. The three-bedroom vintage cabin has floor-to-ceiling knotty pine, many hand-carved accents, a beautiful rock fireplace, solid wood floors, a functional kitchen, an ADA-approved bathroom, and a separate laundry room. The back building has a sizeable knotty pine room, a workshop/ garage with loft storage, an accessible ramp, and abundant paved parking set amongst beautiful pine trees. The dual access (from Emerald Bay Rd and Roger Ave) makes the prospect of a high-density condo development much more convenient from a construction point of view and rounds off the advantages for the various income-generating commercial applications that exist immediately. Seize this moment to own not just a property but a piece of Tahoe's storied history, with a track record of housing businesses such as Antique Freak, Aspen Hollow, and Lake Tahoe Humane Society's office.Located within the thriving commercial zone, yet at the gateway to spectacular Emerald Bay, Camp Richardson, and the many pristine beaches, scenic hiking-, biking-, and lake activities, while near ski resorts, casinos, and entertainment, the promise of future development emanates from every corner of this space. Embrace the past and envision the prosperous future with this fine Tahoe property.