441 Bear Street – Infill Development Opportunity

Exceptional Development Opportunity in the Heart of Kings Beach

441 Bear Street offers a rare chance to transform a prime .56-acre parcel located in one of North Lake Tahoe’s most vibrant communities. This versatile property offers a significant redevelopment opportunity in a highly walkable location just blocks from the lake, shops, and dining establishments. The site currently features an older 1,522 sq ft duplex with 2 bedrooms and 2 baths, alongside a 4-unit motel. While both structures require extensive maintenance, they hold substantial value in the land and existing entitlements. The property includes 4 Tourist Accommodation Units (TAU), 1 Residential Unit of Use (RUU), and 5 Potential Residential Units of Use (PRUU), which have been verified. In addition, approximately 12,500 sq ft of vacant land provides ample space for a variety of development options, including single-family homes with ADUs, townhomes, or a multi-unit apartment complex.

Kings Beach Neighborhood Description

Kings Beach is nestled on the North Shore of Lake Tahoe, is a vibrant and accessible lakeside community known for its sandy public beaches, bustling atmosphere, and stunning lake views. It serves as a popular hub for both tourists and locals, offering a diverse array of shops, restaurants, and entertainment options all within easy walking distance. The neighborhood provides direct access to a plethora of outdoor recreational activities, from swimming and paddleboarding in the summer to skiing and snowboarding in the winter, making it an ideal destination for those seeking a lively Tahoe experience with convenient amenities.

441 Bear Street Features

• Sale Price: $979,000
• Asking Price: $1,150,000
• Infill development opportunity in the heart of Kings Beach
• 0.56-acre parcel in Kings Beach
• Walkable location, close to the lake, shops, and dining.
• Existing Structures: Includes an older 1,522 sq ft 2-bed/2-bath duplex and a 4-unit motel, both requiring extensive maintenance.
• Significant Entitlements: 
  – 4 Tourist Accommodation Units (TAUs)
  – 1 Residential Unit of Use (RUU)
  – 5 Potential Residential Units of Use (PRUUs)
• Development Potential: Approximately 12,500 sq ft of vacant land suitable for single-family homes with ADUs, townhomes, or multi-unit apartment complexes.
• Development Ready: Land capability verification and topographic site survey are complete.
• MLS# 20251616