12600 Hwy 36 Chester, CA 96137

$24,000,000 Active

About the Property

Incredible value as a fully approved development project, and an opportunity to purchase ~1,581 Acres in Northern California at Lake Almanor. This property is one of the largest lakefront properties in California with approximately 1 1/2 miles of beautiful forested shoreline. Comprised of 18 separate APN parcels, two of which are commercially zoned and located on the Northeast of the property and the remaining 16 parcels residentially zoned. Bailey Creek Riparian Habitat, majestic nearby Mount Lassen, 1.5 miles of the forested lakefront shoreline may create an ideal tax shelter and Conservation Easement opportunity for the right investor/buyer. Nearby Mount Lassen is in the southernmost reaches of the Cascade Mountain Range. Trophy fishing in Lake Almanor for beautiful Rainbow Trout is well documented on popular YouTube videos of fishing at Lake Almanor. In addition to Rainbow Trout that is reported to run well into the 10 LB range, the lake is also known for German Brown Trout, King Salmon, and Smallmouth Bass fishing. With a tremendous lake area roughly 13 miles long by 6 miles wide, Summer watersports, including, swimming, sailing, kayaking, water skiing, paddle, and wakeboarding are enjoyed by Lake Almanor residents and many thousands of visitors each year. Lake depth averages about 30 feet to a maximum depth of approximately 90 feet. PG& E owns and operates Lake Almanor. Lake access is available in the many public and private lake marinas and additional access would need to be negotiated with PG&E by the new owner. The current Development Plan has been active since 2012 and expires in 2027 unless further extended. This is a fully approved development project, approved for up to 1,674 residential units, of which 329 surround a proposed golf course. The owner can also build a hotel with approximately 150 rooms & 100,000 square feet of commercial space. Potential alternative uses for the golf course include other various open space activities such as hiking, biking, and horseback riding. Please see photos and attached photo/media/reports/plans/contracts for more information on the "Approved Development Plan" & other ownership options including private or partnered "Legacy Options". Recreational uses/development of this beautiful forested alpine lake location may also be possible/incorporated, including popular high-end RV/Lake Cabin/Glamping Development Scenarios. Truly an opportunity to further develop and Imagineer a canvas of stunning beauty.

Property Information

Lot Size 1581 Acres
Property Type Land/Lot
Zoning 3R
Listing Number PI21110208
Listed 5/17/2021
Modified 5/26/2021
Listing Agent Brad Berch
Listing Office Berkshire Hathaway Home Services

Property Features

  • None
Land Lease
  • No
Road Surface
  • Paved
  • Yes
Water Source
  • Well
  • Lake
Road Frontage
  • County Road
  • Highway
  • Perc Test Required
  • Unknown
  • Lake
  • Mountain(s)
  • Trees/Woods
Lot Features
  • Lot Over 40000 Sqft
  • Ranch
  • Treed Lot
  • Value In Land
  • Biking
  • Fishing
  • Hiking
  • Lake
  • Watersports
  • Rural
  • Cable Available
  • Electricity Available
  • Natural Gas Not Available
  • Phone Available
  • Propane
  • Sewer Not Available
  • Water Available