Development Opportunity

Create your legacy on Lake Tahoe's pristine shores

AN UNPARALLELED OPPORTUNITY Awaits Your Vision

This iconic family-owned resort offers unparalleled redevelopment potential, situated on over 20 pristine acres of prime Lake Tahoe real estate. Imagine creating a vibrant residential community where families can enjoy the serene beauty of Lake Tahoe year-round or developing luxurious tourist accommodations that draw visitors from around the world. The expansive land provides ample opportunities for commercial ventures, from charming boutiques to gourmet restaurants catering to locals and tourists. Additionally, the property’s natural landscape is ideal for recreational uses, offering endless possibilities for outdoor activities such as hiking, biking, and water sports.

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Residential Uses

Permissible residential uses on Parcels 1 and 2 include single-family dwelling (SFD) at a density of one unit per parcel and MFD at a density of 15 units per acre. However, up to two accessory dwelling units (ADUs) may be permitted on each as accessory uses when the primary use is SFD or MFD. SFD and MFD uses are deemed allowed (denoted by an “A”) on Parcels 1 and 2 if 100 percent of the units are deed restricted to affordable, moderate or achievable housing as those terms are defined in Section 90.2 of the TRPA Code. Allowed uses are permitted at staff level. Residential uses that include market rate products require a minor use permit (MUP). MUPs require a public hearing before the County Zoning Administrator. Permissible residential uses on Parcel 3 are limited to SFD as an allowed use at a density of one per parcel with up to two ADUs.

Tourist Accommodation Uses

Permissible tourist accommodation uses on Parcels 1 and 2 include bed and breakfast facilities (“B&Bs”); hotels, motels and other transient dwellings (“hotels”) and timeshares. B&Bs are an allowed use and have a maximum density of 10 units per acre. Hotels and timeshares have a maximum density of 40 units per acre where less than 10 percent of the units have kitchens and 15 units per acre where 10 percent or more of the units have kitchens. Hotels with up to 20 units are subject to an MUP; hotels with 20 or more units require a conditional use permit (CUP). CUPs require a public hearing before the County Planning Commission. Timeshares require a CUP.

Once approved, an MFD project may be subdivided into individual for sale condominium units.

No tourist accommodation uses are permissible on Parcel 3.

Commercial Uses

Eating and drinking places, food and beverage retail sales and general merchandise stores are allowed uses on Parcels 1 and 2. Additional allowed uses on Parcel 1 include mobile vendors, personal services and professional offices. Amusements and recreation services, privately owned assembly and entertainment and outdoor amusements are permissible on Parcels 1 and 2 subject to a CUP. Commercial uses are not subject to maximum density standards.

No commercial uses are permissible on Parcel 3.

Recreational Uses

Allowed recreation uses on Parcels 1 and 2 include day use areas, beach recreation and outdoor recreation concessions, while participant sports facilities, such as a beach club, are subject to an MUP. None of those uses are subject to maximum density standards. Developed campgrounds at a density of 8 sites per acre are permissible on Parcel 2 subject to a CUP, and group facilities are permissible on Parcel 2 at a density of 25 persons per acre subject to an MUP.

Day use areas and riding and hiking trails are allowed recreation uses on Parcel 3, and participant sports facilities are permissible on Parcel 3 subject to an MUP.

Parcel 1

Parcel 1 could be redeveloped with a primary SFD and up to two ADUs or up to 22 MFD units in one or more buildings.

  • Once approved, an MFD project may be subdivided into individual for sale condominium units.

 

Parcel 1’s redevelopment opportunities also include a 15-unit B&B in one or more buildings or a 60-unit hotel or timeshare project with less than ten percent of the units having kitchens.

Parcel 1’s 32 TAUs could be redeveloped or remodeled with kitchens in every unit. However, no additional units with kitchens could be permitted since existing density exceeds the permissible density of 22 TAUs.

  • Tourist accommodation projects may also be subdivided into individual for sale condominiums.

 

A restaurant and bar or a spa / wellness facility could be developed on Parcel 1 as either a primary use or an accessory use to the existing tourist accommodation use.

Parcel 1 could be developed with one or more retail stores.A beach and swim club could also be developed on Parcel 1.

Located in a mixed-use subdistrict, a mix of commercial or recreation and tourist accommodation or residential uses are encouraged on Parcel 1.

  • Parcel 1 could be developed with a recreation beach and swim club on the ground level with residential or tourist accommodation condominiums on the upper level.

 

*Subject to applicable development standards and agency approvals.

Parcel 2

At 5.9 acres, Parcel 2 could be developed with up to 88 MFD units in a number of buildings, a B&B with up to 59 units or a hotel or timeshare project with up to 236 units provided less than ten percent have kitchens. Up to 88 hotel or timeshare units, ten percent or more having kitchens, could be developed on Parcel 2.

  • MFD and tourist accommodation projects may be subdivided into individual condominium units.
  • Parcel 2 could be redeveloped with a primary SFD and up to two ADUs.

Similar to Parcel 1, a restaurant and bar could be developed on Parcel 2 as either a primary use or an accessory use to the existing tourist accommodation use. A spa / wellness facility could be developed on Parcel 2 only as an accessory use to the existing or redeveloped primary use(s).

Parcel 2 could be developed with retail stores. A participant sports facility such as tennis courts or a swim and tennis club could also be developed on Parcel 2. Parcel 2 is also located in a mixed-use subdistrict where mixed uses are encouraged.

*Subject to applicable development standards and agency approvals.

Parcel 3

Under the current zoning, Parcel 3 could be developed with a primary SFD and up to two ADUs.

  • A participant sports facility such as tennis courts or a swim and tennis club could also be developed on Parcel 3.

*Subject to applicable development standards and agency approvals.

Mourelatos is an active business. To minimize impacts on the operations and guest experiences, all showings are by appointment only with the Listing Agent present.