ALPINE MEADOWS, CALIFORNIA
EXCLUSIVE 47 ACRE RESIDENTIAL DEVELOPMENT OPPORTUNITY
NEW OFFERING PRICE - $12,000,000
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A WEST COAST RARITY
THE LAST PRIVATE MOUNTAIN VILLAGE DEVELOPMENT OPPORTUNITY
ADJACENT TO A MAJOR SKI RESORT
MOUNTAIN RESORT DEVELOPMENT OPPORTUNITY
This secluded property is unlike any residential land development opportunity remaining in Tahoe, Jackson Hole, Deer Valley, Park City, Sun Valley, Aspen, Vail or Whistler Blackcomb. With over a decade of preparation invested in its sustainable development preparation, from checking for endangered species to best-in-class fire preparedness, this exceptional location is the place to build something extraordinary. Just minutes to 6,000 ski-able acres at Alpine Meadows and Olympic Valley, on-site access to trails and surrounded by U.S. Forest Service land proximate to Granite Chief Wilderness, this natural gem is a private oasis.
Alpenglow holds a Tentative Subdivision Map (TSM), Certified Environmental Impact Report (EIR) and Conditional Use Permit allowing for 38 custom homesites and a central amenity center. A half-mile drive to the Alpine Meadows Ski Resort Base Area will deliver owners to the vast array of ski terrain and lift options at Alpine Meadows. Additionally, with the new Palisades Tahoe Express base-to-base gondola currently under construction, Alpenglow residents will be able to access the expansive Olympic Valley Ski Resort via a 16 minute gondola ride from the Alpine Meadows Ski Resort Base Area. Alpenglow will be the first new development offering in Alpine Meadows in a generation, creating the last opportunity to introduce new purpose-built “Work from Anywhere” mountain residences to capture a surging demand in the market for new, modern inventory. With the existing approvals in place, Alpenglow is positioned to start construction in Spring 2024.
Conditions of Approval Shall Apply
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Architectural concept renderings — HOA amenity buildings
MEET ALPENGLOW
Alpenglow is a rare and premium 47 acre property at the base of Alpine Meadows Ski Resort offering unique optionality for premiere mountain community development or an estate property opportunity.
Entitlements are in place for a 38 lot exclusive residential development. All lots feature spectacular mountain and forest views along with common HOA amenity opportunities and a private entrance directly from Alpine Meadows Road.
Located adjacent to one of Lake Tahoe’s most beloved mountain resorts and North America’s third largest ski area Palisades Tahoe, a short 10-minute drive to Tahoe City and easy proximity to the Reno-Tahoe Airport and the San Francisco Bay Area, Alpenglow is perfectly situated for the mountain enthusiast.
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BASE TO BASE GONDOLA
ALPINE MEADOWS BASE AREA
PRIVATE ENTRANCE
ALPENGLOW MOUNTAIN RESORT DEVELOPMENT OPPORTUNITY
Architectural concept rendering
YEAR-ROUND WILDERNESS PLAYGROUND
Unrivaled proximity to one of the nation’s greatest natural playgrounds.
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ALPINE MEADOWS x OLYMPIC VALLEY
Alpine Meadows and Olympic Valley combined their resorts in 2011 to create a mountain experience like no other in California, with over 6,000 ski-able acres of varied terrain spread across eight Sierra Nevada mountain peaks, boasting some of North America’s highest average annual snowfall. The two resorts are a short 10 minute drive from each other, offer shuttle services between them and all season passes and lift tickets allow guests to enjoy skiing and riding on both mountains.
Base to Base Gondola Connecting Palisades + Alpine
The first of its kind in North America, the Base to Base Gondola connects the two base areas of Palisades Tahoe, finally uniting the resort. Guests will enjoy easy access to 6,000 acres of some of the continent’s most iconic ski and snowboard terrain. The Gondola transports guests between The Village at Palisades Tahoe and the Alpine Lodge, with the option for expert skiers and riders to unload at the KT-22 mid-station. The ride from The Village to Alpine takes about 16 minutes and allows guests to experience both mountains without adding vehicles on the road.
THE TERRAIN
Alpine Meadows is renowned for its vast terrain, authentic friendliness, and family vibe. Alpine Meadows alone features 2400 acres of ski terrain serviced by 13 lifts and a vertical drop of 1,802 feet. It’s known for its varied terrain ranging from beginner to advanced trails, expert terrain, family-friendly ski school and race programs. With 450 inches of annual snowfall, Alpine Meadows often has the longest snow season among the Lake Tahoe ski resorts.
ALPINE MEADOWS
BASE TO BASE GONDOLA
THE COMMUNITY
Alpine Meadows is a premiere ski resort and community in North Lake Tahoe, CA, and a favorite of San Francisco Bay Area residents and Tahoe locals since it opened in 1961.
The community of Alpine Meadows is home to over 600 residential units. Largely comprised of second homes, these residents are drawn to Alpine’s proximity to world-class skiing, and access to endless back country trails for hiking, snow shoeing, mountain biking and beautiful views. Alpine Meadows is ideally located with Lake Tahoe, the Truckee River, restaurants, shops and all the activities of Tahoe City and Truckee just minutes away.
OLYMPIC VALLEY
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8 Subway Cirque Promised Land Boomerang EastRunout WestRunout High Traverse to Sherwood to Lakeview Chair MountainView Gentian Gully UpperWeaselOne KangarooRidge Tiegel KeyholesSlopes Ward Peak 8,637' / 2,633 m Granite Chief Wilderness Scott Peak 8,289' / 2,526 m Alpine Base 6,835' / 2,083 m XS D-5 Treeline Cirque Mid-Unload Station Treeline Cirque LittleCarpet BigCarpet CLOSEDSKIAREA BOUNDARY ALPINE KIDS MOUNTAINEER ON-DEMAND TRANSIT CENTER Base to Base Gondola ALPENGLOW
CITIES AND AMENITIES
A RETREAT PROXIMATE TO KEY
CITIES
San Francisco - 4 hrs drive, 1 hr flight
Sacramento - 2 hrs drive
Reno - 45 min drive
Los Angeles - 7 hrs drive, 1.5 hr flight
AMENITIES
Lake Tahoe - 15 min
Truckee River - 5 min
Historic Town of Truckee - 15 min
Tahoe Forest Hospital - 30 min
Truckee Tahoe Airport (Private Jets) - 20 min
Reno International Airport - 45 min
PROPERTY DETAILS
PROPERTY DESCRIPTION AND ENTITLEMENT SUMMARY
TSM, EIR and CUP Extended by Placer County 1/27/22
Certified Environmental Impact Report (SCH# 2014042028)
Conditional Use Permit (PSUB 20130004)
11 ITEM DETAIL Purchase Price $12,000,000 Land Parcel APN #’s Development Parcel 095-280-023 Open Space Parcels 095-450-006 095-280-011 095-280-021 095-280-022 County Placer Acreage 47 +/Elevation 6884 Distance to Alpine Meadows Ski Resort Base Area < 0.5 mile Development Program 38 Custom SFR Homesites 3 HOA Amenity Lots On-Site Trail System Entitlements Received Tentative Subdivision Map Approved by Placer County 4/23/2019)
Conditions of Approval Shall Apply
ALPENGLOW LAND PLAN
LOCATION MAP
THE MARKET
TAHOE TRUCKEE MARKET CONDITIONS
The Tahoe-Truckee region has been amid a major real estate boom for nearly a decade as workplace culture has become more tolerant of hybrid and remote work. Northern California consumers, heavily influenced by the tech industry, have taken advantage of this untethering from the workplace to find residence on a full-time or co-primary basis. Even the reopening of offices has maintained a culture tolerant of hybrid work that enables more time in the mountains than the previously established weekend warrior pattern.
Q2-2020 through Q2-2022 were the most prolific for the region establishing benchmark highs for total transactions, pricing and scarcity of inventory. The period from Q2-2022 through Q2-2023 were marked by historically thin inventory and the absence of distress leading to resilient pricing despite fewer total transactions.
Northern California consumers remain exceptionally well qualified for cash and low leverage purchases and interested in properties that deliver urban values of walkability and community engagement within a mountain resort setting.
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Active Listing Inventory Average Price Active Listing Inventory vs. Total Sales
NEW TAHOE AREA RESORT DEVELOPMENT
As the wealth profile of the Bay Area consumer has pushed ever higher, resort developers nationwide have sought to gain a foothold in the Tahoe market with premium, resort offers:
Martis Camp
• Developer: DMB Highlands Group
• Private Golf Club situated at the base of Northstar California Resort
• Sold out 672 custom homesites in under a decade
• 2023 YTD Median Homesite Value: $2,500,000
• 2023 YTD Median Home Value: $7,350,000 ($1,638 per sq.ft)
Homewood
• Developer: Discovery Land Company
• Private Club situated at the base of Homewood Mountain Resort
• Launching in 2023
• 180 luxury residences
• Estimated pricing of $2,800 per sq. ft.
RECENT INSTITUTIONAL INVESTMENT IN LAKE TAHOE REAL ESTATE
Cal Neva Resort
• Historic Tahoe hotel property acquired in April, 2023
• Developer: McWhinney, Denver, CO
• Operator: Proper Hospitality
• Price: Undisclosed
• Media: Denver firm acquires historic Can Neva Resort
Boulder Bay Resort
• The former Tahoe Biltmore acquired in October, 2022
• Developer: EKN Development, Newport Beach, CA
• Operator: Waldorf Astoria
• Price: $52.2 million acquisition
• Media: Former Tahoe Biltmore on track to become Waldorf Astoria
Hard Rock Hotel
• Hard Rock Hotel in South Lake Tahoe
• Aquired in March, 2023
• Purchaser: Fertitta Entertain, Houston, TX
• Operator: Golden Nugget
• Price: undisclosed
• Media: Tilman Fertitta to acquire Hard Rock Lake Tahoe
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TAHOE AREA EXCLUSIVE ESTATE MARKET SUMMARY
Alpenglow is well suited for an exclusive single or estate or private compound with a collection of exclusive residences. The Tahoe Truckee region has demonstrated that certain hyper-unique properties are achieving premium values.
Note: All properties include an improved residential structure
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AREA PRICE ADDRESS CLOSE DATE ACREAGE WEST SHORE $15,000,000 1340 West Lake Boulevard 10/13/22 1.6 EAST SHORE $21,000,000 1236 Highway 50 2/21/21 1.89 WEST SHORE $21,715,000 5070 West Lake Boulevard 9/10/21 0.618 NORTH SHORE $23,650,000 4240 North Lake Boulevard 7/19/21 0.41 CRYSTAL BAY $24,850,000 20 Crystal Drive 8/8/20 1.311 CRYSTAL BAY $25,370,594 24 Crystal Drive 6/25/21 1.31 EAST SHORE $27,500,000 1820 Highway 50 7/28/20 13.6 WEST SHORE $31,000,000 4250 West Lake Boulevard 2/28/21 1.87 CRYSTAL BAY $31,500,000 580 Gonowabie Road 1/16/21 0.49 WEST SHORE $33,000,000 9115 State Highway 89 11/2/21 4.75 WEST SHORE $41,259,400 2500 West Lake Boulevard 4/30/22 3.3
PLEASE CLICK HERE FOR ACCESS TO VIRTUAL DOCUMENT ROOM
VIRTUAL DOCUMENT ROOM
Vesting Tentative Subdivision Map
Conditions of Approval (COA) and Conditional Use Permit (CUP)
Environmental Impact Report (EIR)
Emergency Preparedness and Evacuation Plan (EPEP)
Architectural Handbook and Design Guidelines and Improvement Requirements
Technical reports and survey information
Conceptual renderings and visualization materials
Aerial photography and video
Maps and site planning documents
Additional market information
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Architectural concept renderings