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    941 Emerald Bay Rd South Lake Tahoe, CA 96150

    Sponsored
    For Sale
    $765,000

    Prime Tahoe Valley location, development-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.56-acre commercial land parcel, located at 941 Emerald Bay Rd, South Lake Tahoe, CA 96150 (APN 023-191-007-000), presents a unique investment opportunity. Situated at a prominent "Y" intersection in the Tahoe Valley Area Plan, this property boasts significant pre-approved development rights, eliminating lengthy permitting processes. The existing approved flexible design format project allows for a mixed-use building of approximately 7,604 square feet, encompassing retail/restaurant space on the first floor, office space on the second, and deluxe apartments on the third. A supplementary structure is also planned, featuring an art studio and a loft apartment. The design prioritizes green building certification. The property benefits from substantial Conservation Fee Allowance (CFA) coverage, including 1,434 square feet of banked CFA and a 6,170 square foot bonus, totaling 18,633 square feet of paid coverage – eliminating any future TRPA coverage fees. A 45-foot height restriction is in place. Developers have the option to utilize the existing approved plans or create a custom design tailored to their vision. This grandfathered property also includes a Caltrans encroachment allowance. The asking price is $765,000. This is a rare chance to acquire a fully permitted and strategically located parcel in the desirable South Lake Tahoe market, ready for immediate development. The permitted zoning is TC.

    Property Features for 941 Emerald Bay Rd

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • $765,000 asking price for 0.56‑acre commercial land parcel.
    • Located in the Tahoe Valley Area Plan.
    • Existing approved plans for a mixed‑use building (approx. 7,604 sf) or custom design permitted.
    • 18,633 sf of paid Conservation Fee Allowance (CFA) coverage (no additional TRPA fees); includes 1,434 sf banked and 6,170 sf bonus CFA.
    • 45‑foot height restriction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Lake Tahoe
    County
    El Dorado
    State
    California
    Longitude
    -120.005833
    Latitude
    38.915309

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    FAQs

    What type of property is this?
    Land - Prime Tahoe Valley location, development-ready.
    Where is this land located?
    The property is located at 941 Emerald Bay Rd South Lake Tahoe, CA.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: $765,000 asking price for 0.56-acre commercial land parcel.; Located in the Tahoe Valley Area Plan.; Existing approved plans for a mixed-use building (approx. 7,604 sf) or custom design permitted.
    (530) 525-2304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    941 Emerald Bay Rd South Lake Tahoe, CA 96150
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