Time to dig down the back of the couch, smash the piggy bank or club together with your buddies, because less than a week after declaring that they wonโt be open for the summer, due to damage caused by too MUCH snow, the current owners of Saddlebag Lake Resort have put the property up for sale.ย
For the bargain price of $339,000 you could be only the sixth owner of this historic resort. According to the listing, the price includes the cafe/equipment, the store/inventory, all the buildings, employee trailers, boats, docks, trailers and more.
The resort is located off of Tioga pass road, one of the highest roads in California at 10,087โฒ, within the Inyo National Forest just outside Yosemite National Park. The area allows access to some incredible climbing, mountaineering, and skiing on many stunning, white granite peaks, including Mt. Conness and North Peak.
The resort was built in the 1900โs, and current owners Richard and Carmen Ernst of Modesto, CA, bought the business in 1997 from Don and Lois Stennerson.
Hereย is a brief history of the resort, which for just $339,000 you could be a part of:
* Saddlebag Lake sits on the Eastern side of the Sierra Nevadaโs and rests at 10,087 ft. In 1919, the Southern Sierra Power Company built the dam and even today uses the water from Saddlebag Lake to generate power in Lee Vining. The water then flows to Mono Lake or is diverted to the L.A. Aqueduct System.
* In the early 1900โs, the first cabin was built at Saddlebag and was used as a trapper cabin for the area. Since that time, the original cabin has been refurbished and modernized by several owners.ย ย
* The Saddlebag Lake Cafe and General Store was built in 1947. Its features include a fireplace made from local rocks such as: tungsten, black and red obsidian, crystal, and quartz. It also displays a high ceiling which was hand burnt to give its unique look.
The business does not OWN the land ??? So the Forest service could revoke your permit anytime they wanted and you’d be out 340 grand ??? No one will ever buy it under those auspices , what a waste .
Is it still for sale as of March 2019?
Hey Bruce, from the official listing: (https://www.trulia.com/property/3271791226-Lot-Land-Lee-Vining-CA-93541)…
Included in the purchase is the cafe/equipment, the store/inventory, all the buildings, employee trailers, boats, docks, trailers and more. Everything you need to work and play the Sierra Way. Saddlebag Lake Resort operates under special use permit from the Inyo National Forest Service. The business does not own the land or any lodging.
Hope this helps
Does that price include any real estate or just the concession business?
I’ll buy it!