The start of ski season is just around the corner and for those with deep pockets looking to avoid the Tahoe crowds, why not buy your own resort?
The Kingvale Recreational Resort, just off Highway 80 in Soda Springs (Nevada County) is for sale for $6 million. The 297-acre property is currently home to a popular sledding and inner-tubing hill, with additional activities like snowmobiling, ATV riding and camping available.
Just eight miles from the Donner Summit, it’s a slightly shorter drive from Sacramento or the Bay Area than heading into Tahoe. Listing agent Bruce Renfrew said since much of the land is undeveloped, there is a lot of opportunity for a buyer to reinvent the property.
“[The property has] so much potential for someone to come along and make a fun, family-oriented and accessible place that’s not going to price a lot of families out,” Renfrew, of California Outdoor Properties, said. “There is such a huge population in the Sacramento metropolitan area and the Bay Area and not all families can afford to take their kids skiing.”
Renfrew said there is potential to develop a zip line course, a tree ropes course and even a wedding venue. The site formerly offered horse rentals with guided tours into neighboring Tahoe National Forest. It also borders three lakes: Kidd Lake, Cascade Lakes, and Palisade Lake.
The previous owners put in roads and carpet lifts for the sledding hill, in addition to using the land for logging. They have a current timber management plan in place.
A 90,000-gallon water tank sits on-site, which is fed by local springs.
There is also a permit to mine surface granite boulders, used for high-end landscaping projects, included at the property.
Additionally, the purchase would include a 20-year-lease on a pizza restaurant.
The property sold for just over $1 million in 2017, according to Realtor.com. Currently, the Kingvale website states the resort opens for sledding on Jan. 30, 2019.