The property offered for sale consists of 28.9 acres of prime development land situated in the center of the highly regarded, historic Hilltop site, perched directly above Truckee’s Commercial Row and the beautiful Truckee River. The site offers a rich history, a superior location and a Town approved masterplan for development on the site. The 28.9 acres are planned for residential use, including a 129 unit multi-family complex in the middle of the village as well as two separate single family residential neighborhoods further up the hill.
In the heart of the Sierra Nevada mountain ranger i the world-famous Lake Tahoe/Truckee area, a mecca for adventure, excitement, and relaxation. To live here is a pure delight, amongst some of the most spectacular natural scenery in the United States. With plentiful ski resorts and a diverse range of summer activities, Truckee and Lake Tahoe draw visitors from around the globe. But with those who call the region home enjoy seclusion, privacy in Truckee and tight-knit communities sprinkled around Lake Tahoe. Situated about 200 miles east of San Francisco, Truckee is popular with Bay Area residents looking for a nearby vacation home that they can enjoy year round. Properties in the area range from condominiums just steps from the ski slopes ($300,000 to $1,000,000) to expansive luxury estates tucked away behind gates ($2,000,000 to $10,000,000). Increasing buyer demand and limited supply are forcing area real estate values up, essentially back to the high water mark reached in 2006, and with 10,000,000 plus people able to conveniently drive to Truckee in three to four hours.
Exclusively Offered at $8,500,000