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947 Tahoe Blvd - Tahoe Boulevard Development Site 1.99 Acres of Commercial Land Offered at $8,900,000 in Incline Village, NV 89451
Investment Highlights
- Fully entitled, shovel-ready 40-unit luxury condo development on ±2.0 acres in Incline Village
- Strong market fundamentals with 67%+ condo price growth and limited new supply
- Located in Special Area 1 – the only zone allowing residential development in the town center
- Rare opportunity in a highly regulated Tahoe Basin with significant barriers to entry
Executive Summary
NINE 47 Tahoe presents a rare, fully entitled luxury condominium development opportunity in the heart of Incline Village, one of Lake Tahoe’s most exclusive and supply-constrained markets. Featuring spacious 2- to 4-bedroom residences ranging from ±1,522 to 4,400 SF. With three years of entitlement work complete and permits secured, the property offers a true shovel-ready opportunity with multiple strategic paths—build as designed, value engineer to increase density, or reimagine the project. Positioned within Special Area 1, the last developable parcel of its kind, NINE 47 Tahoe delivers unmatched access to Tahoe’s premier recreation, private beaches, and year-round luxury lifestyle amenities.
Property Facts
| Price | $8,900,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.99 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | SA1 - Special Area | ||
| Price | $8,900,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 1.99 AC |
| No. Stories | 1 |
| Zoning | SA1 - Special Area |
1 Lot Available
Lot
| Price | $8,900,000 | Lot Size | 1.99 AC |
| Price Per AC | $4,472,361.81 |
| Price | $8,900,000 |
| Price Per AC | $4,472,361.81 |
| Lot Size | 1.99 AC |
Situated on ±2.0 acres along Tahoe Boulevard, the project calls for a 40-unit residential community totaling approximately 96,000 SF.
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 132-231-09 | Improvements Assessment | $0 |
| Land Assessment | $441,484 | Total Assessment | $441,484 |
Property Taxes
Parcel Number
132-231-09
Land Assessment
$441,484
Improvements Assessment
$0
Total Assessment
$441,484
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