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28651177
28651187

3918 Pioneer Trail, South Lake Tahoe, CA 96150 For Sale

BZ
NV BS.145130
Marmot Properties, Llc
Listed by Marmot Properties, Llc
$4,290,000
235 days on market
Updated 176 days ago

Adventure Lodge - South Lake Tahoe

Details
APN 029-352-010-000
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 5,294
Keys 21
Cap Rate 9.5%
NOI $407,550
Pro-Forma Cap Rate 9.5%
Pro-Forma NOI $407,550
Price per SqFt $810
Year Built 1950
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.380
Zoning TC
Investment Type Stabilized

Hospitality | 21 Keys | $204,286/key

Marketing description

Adventure Lodge is a fully remodeled boutique property in the heart of South Lake Tahoe, one of California’s most iconic year-round destinations. Located on Pioneer Trail, the lodge is within easy walking distance to Heavenly Village, the Gondola, and Lakeside Beach, with Edgewood Golf and the Stateline casinos just minutes away. This 5,294-square-foot property sits on a 0.38-acre parcel and offers 21 upgraded units, each with a private bath, modern furnishings, in-room amenities, and WiFi. Guests enjoy rare onsite parking and refreshed interiors that blend mountain charm with modern comfort.

The property is perfectly positioned to capture Tahoe’s steady flow of visitors. Winter brings skiers and snowboarders to Heavenly, while summer draws travelers for beaches, boating, hiking, and golf. Casinos, restaurants, and nightlife sustain activity throughout the year, ensuring reliable occupancy and revenue. Recent renovations provide immediate operational stability, while future upside exists through rate growth, direct booking growth, and curated guest experiences such as outdoor gathering spaces or activity partnerships.

Adventure Lodge is more than a motel. It is a turnkey boutique hospitality asset in a location that cannot be replicated, with strong brand visibility, proven demand, and the ability to deliver both immediate cash flow and long-term value. This listing is co-listed with Brian Brockman with BANG Realty, Inc.

Investment highlights

Unbeatable Location – Steps to Heavenly Gondola, Lakeside Beach, Edgewood Golf, and Stateline casinos.

Renovated Boutique Lodge – 21 upgraded units with private baths, modern furnishings, and onsite parking.

Year-Round Demand – Consistent occupancy driven by skiing, lake recreation, and gaming tourism.

Listing Contacts

BZ
NV BS.145130
Marmot Properties, Llc
Listed by Marmot Properties, Llc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$407,550.00
$33,962.50/mo

Valuation Metrics

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DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Brian Brockman
License
CA 02154562
Brokerage
Bang Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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