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    110 Lk Pkwy Stateline, NV 89449

    For Sale
    $11,990,000

    40-unit mixed-use project, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in Stateline, Nevada, presents a TRPA-approved and permitted mixed-use development encompassing 40 luxury residential units. This 1.81-acre parcel (APN 1318-27-001-010), situated at 110 Lake Parkway, boasts a prime location at the entrance to Downtown South Lake Tahoe. Residents will enjoy unparalleled access to world-class skiing, golfing, boating, dining, nightlife, and Lake Tahoe's sandy shores. The project includes robust amenities such as private underground parking with direct residential access, a fitness center, club room, kids' zone, outdoor gathering spaces, an equipment outfitter, a restaurant/bar, and a unique rooftop amenity featuring pools, hot tubs, a cold plunge, pickleball courts, fire pits, and lounge seating. The asking price for this exceptional property is $11,990,000. This is a rare chance to acquire a fully permitted project in a highly desirable location, offering significant potential for substantial returns. The property is zoned for both commercial and residential use.

    Property Features for 110 Lk Pkwy

    General Information

    Property type
    Multifamily properties
    Lot Size
    78,844 SF

    HighLights

    • Fully permitted 40‑unit luxury mixed‑use development in Stateline, NV.
    • 1.81‑acre parcel (APN 1318‑27‑001‑010) at 110 Lake Parkway, prime Downtown South Lake Tahoe location.
    • Exceptional amenities include underground parking, fitness center, club room, kids' zone, outdoor spaces, restaurant/bar, and rooftop pool/hot tub/pickleball area.
    • $11,990,000 asking price.
    • Zoned for commercial and residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stateline
    County
    Douglas
    State
    Nevada
    Longitude
    -119.9398352
    Latitude
    38.963697

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    FAQs

    What type of property is this?
    Multifamily property - 40-unit mixed-use project, prime location
    Where is this multifamily property located?
    The property is located at 110 Lk Pkwy Stateline, NV.
    What is the asking price?
    The asking price for this property is $11,990,000.
    What are key features of this property?
    This property features: Fully permitted 40-unit luxury mixed-use development in Stateline, NV.; 1.81-acre parcel (APN 1318-27-001-010) at 110 Lake Parkway, prime Downtown South Lake Tahoe location.; Exceptional amenities include underground parking, fitness center, club room, kids' zone, outdoor spaces, restaurant/bar, and rooftop pool/hot tub/pickleball area.
    Request Owner's contact information
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    Stateline, NV 89449
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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
    110 Lk Pkwy Stateline, NV 89449
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