If you have $6 million lying around, a great way to spend it might be to purchase a Tahoe ski resort, and we have just the one for you.
If you’ve ever driven along Highway 80 near Donner Summit, you’ve probably noticed a small resort to the south of the highway, with little signage and loads of opportunity. That’s Kingvale Recreational Resort, located just 8-miles west of Donner Summit, now up for sale for $6 million.
The 297-acre property was recently listed Bruce Renfrew of California Outdoor Properties, who detailed the property on his website:
“Extremely rare opportunity to own and expand an existing recreational resort just 8 miles from the Donner Summit, right along Highway 80. In the wintertime, this property is a wildly popular sledding and inner-tubing hill, which grossed approximately $500,000 in 2018.”
This little resort is brimming with opportunity, with the potential of summer activity additions like an adventure park or zipline that could net the new owner a hefty profit. And although Kingvale has all sorts of potential, the current owners are happy to let it go.
It was purchased in 2017 for a mere $1 million, and the owners developed the roads and nearby campsites, as well as a carpet lift for sledding. The purchase would also include a 20-year-lease on a pizza restaurant right off Highway 80, with loads of Bay Area and Sacramento cars driving by it everyday.
Many years ago, the resort was a haven for skiers and snowboarders who like terrain parks. It had boxes and rails, and even an airbag to practice new tricks:
We hope this place goes to the best possible owner, one who would show it the love it needs and develop it into the great local destination. Are you that person?
Northern California’s Outdoor Digital Newsmagazine