Filed under: Real Estate Developments
The latest luxury project to ruffle feathers on the shores of Lake Tahoe is the Tahoe Beach Club. The new development is a planned project of condos and estate homes to be located on the site of the existing Tahoe Shores Mobile Home Park, a fact that upsets and uproots the 30 remaining residents of the park. The developers, who plan to sell the 124 condominiums at over $1 million each, are constructing a green-friendly project that will include a water treatment system. The $200 million to $250 million project will have stone-and-wood lodges with lofts and porches and there will be a private beach club including a fitness center, snack bars, restaurant and a private sandy beach. The residents of the trailer park have been offered various buyout plans including a $5,000 payment, a move to another park or the fair appraised value of their trailers but are currently holding firm even though they know they will inevitably be forced to move.