930 Balbijou Rd, South Lake Tahoe, CA, CA 96150
930 Balbijou Rd
$18,000,000
32,000 Sq.Ft.
1965 BUILT
1.71 Acres LOT
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.

Area & Lot

Status
For Sale
Living Space
32,000 Sq.Ft.
Lot Size
1.71 Acres
MLS® ID
240010615
Type
Commercial
Year Built
1965
High School
El Dorado, CA

Interior

Flooring
Carpet, Vinyl Tile
Other Interior Features
Sheet Rock

Exterior

Stories
4
Utilities
Cable,City Sewer,Electricity,Natural Gas,Telephone,City/County Water
Roof
Composition/Shingle
Parking
80
Heat Type
Electric, Natural Gas, Forced Air
Air Conditioning
Electric, Natural Gas, Forced Air
Substructure
Concrete Slab
Security Features
Yes
Other Exterior Features
Wood Siding

Financial

Sales Price
$18,000,000
Zoning
Business

Property Images

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