A 297-acre Lake Tahoe, California winter recreational area off Highway 80 could be yours for just $6 million. Kingvale Recreational Resort, located in Soda Springs, CA came to the market last week according to listing agent Bruce Renfrew of California Outdoor Properties.
The recreational area is just eight miles from the Donner Summit, giving families “a low-cost alternative to (expensive) resorts in Lake Tahoe, with less driving,” Renfrew said. “You’ve got a huge population in the Bay Area, a huge population in Sacramento, and not all families can afford to take the kids skiing.”
A destination for those who enjoy sledding and tubing in the winter, Kingvale also offers additional activities like snowmobiling, ATV riding, and camping and according to the realtor is primed for expansion. Potential expansion opportunities include a zip-line course, a high ropes course, an e-bike trail system, and a wedding venue.
The current owners bought the property for $1-million in 2017, and have invested in developing the roads on the land, have created summertime campsites available to the public, built a carpet lift for the sledding hill and added a ticket booth. The property has a year-round concessionaire who operates a snowmobile rental and summertime ATV and dirt-bike rental outfit, and the purchase would include a 20-year-lease on a pizza restaurant.
With very little marketing, Kingvale Recreational Resort grossed $500,000 in 2018.