South Lake Tahoe and Salt Lake City, August 13, 2025
News Summary
Major moves are unfolding in Tahoe and Salt Lake City markets. An $11.75 million construction loan closed to begin a 14‑unit for‑sale townhome project in South Lake Tahoe, with construction already underway. Separately, a 20‑unit luxury ski‑in/ski‑out portfolio called Gondola Vista was listed for $55 million. In Salt Lake City, multiple townhome proposals are advancing — including a 20‑unit design‑review project near 400 South and 900 East and a 22‑unit development that won planning approval and may convert from rentals to condominiums. These items highlight demand for ownership product and targeted construction financing in resort and transit corridors.
Construction and development roundup: Tahoe loan closes, ski‑in portfolio listed, Salt Lake townhome plans advance
A construction loan was closed this spring that will kick off a 14‑unit for‑sale townhome project in South Lake Tahoe, while a separate 20‑unit ski‑in/ski‑out townhome portfolio in the Tahoe basin has hit the market. At the same time, multiple townhome proposals in Salt Lake City have moved forward with updated designs and approvals.
14 for‑sale townhomes in South Lake Tahoe — financing and site
Lenders arranged through a single financing platform provided an $11.75 million construction loan to a private real estate investor to build 14 for‑sale townhomes on two parcels totaling 0.72 acres. The site fronts Lake Tahoe Boulevard, sits within walking distance of the lake and nearby casino and resort amenities, and is currently being marketed under the working name South Lake Tahoe Townhomes.
Construction is already underway. The loan has an 18‑month term, and financing was arranged without requiring any pre‑sale commitments. Lenders and the broker team cited the seasonal nature of resort markets and recent zoning‑driven increases in land cost as underwriting challenges, but a lender was identified that accepted the project profile and timetable so work could begin promptly.
Gondola Vista — luxury ski‑in/ski‑out portfolio listed
Separately, a 20‑unit development at the base of a major ski resort in the Lake Tahoe basin has been listed for purchase as a single investment. The portfolio consists of 10 four‑bedroom, six five‑bedroom and four six‑bedroom townhomes, each with a two‑car garage and high‑end finishes. Units range from about 2,870 to 3,616 square feet and sit on a landscaped 3.43‑acre parcel with uninterrupted lake and mountain views and direct ski‑in/ski‑out access.
The development sits inside a tourist core area and an Opportunity Zone, and it is reported that the homes qualify for rental use without the short‑term rental minimums that apply to many other properties in the area. Each unit has a separate parcel number, which gives flexibility for either a bulk sale of the whole portfolio or individual sales down the line. The listing also highlights potential to add hotel or condominium units and to add guest amenities such as spa or fitness facilities.
Salt Lake City — multiple townhome plans advance
In Salt Lake City, several for‑sale and for‑rent townhome projects are advancing through planning review, adding to recent development activity near transit corridors.
One proposal would replace a closed restaurant and parking area on a roughly 0.75‑acre site along the busy 400 South corridor with a cluster of 20 attached, for‑sale townhomes arranged in three buildings. New designs show buildings rising up to four stories with heights between 32 and 45 feet, brick and stone facades, arched entries, private balconies and rooftop spaces. Plans indicate larger footprints for each home and a dedicated two‑car garage per unit. The development team is seeking zoning exceptions, including reduced setbacks and a waiver to allow some units to be set behind others without direct public street frontage. The land is owned by a charitable foundation with substantial net assets, and the project is sited within an established transit‑oriented zoning corridor that has fostered many apartment and mixed‑use projects along the TRAX light rail line.
Another townhome project farther south on 2100 South recently received planning commission approval to proceed. That 22‑unit development will sit on about 2.36 acres of vacant land and will include two‑car garages and two bedrooms with 2.5 bathrooms per unit. Ten units facing the main street were allowed rooftop decks up to an increased height limit, while the other units will forgo rooftop decks because of adjacency to single‑family neighbors. The developer plans to rent the homes initially under professional management and later convert the project to condo ownership with a professional homeowners association.
Events and industry context
A nationwide industry conference focused on apartments is scheduled for September 11 in Los Angeles and will feature market sessions and networking for multifamily leaders. An experienced commercial real estate editor oversees daily coverage and longer‑form content on property markets and trends; the role includes producing multiple short news items each day and managing broader editorial projects and educational materials for industry professionals.
What this means
The combination of construction financing that avoids pre‑sale requirements, the availability of luxury resort inventory that remains attractive to investors, and steady approvals for townhome projects near transit all point to active development markets in both resort and urban infill settings. Project outcomes will depend on final zoning approvals, construction timelines tied to seasonality, and shifting buyer demand as interest rates and rental rules evolve.
Frequently Asked Questions
Q: Who provided the construction loan for the South Lake Tahoe project?
A group of lenders arranged by a construction finance platform provided the $11.75 million loan to a private real estate investor. The loan carries an 18‑month term and did not require pre‑sales.
Q: Where exactly is the 14‑unit Tahoe site?
The site is on two parcels totaling about 0.72 acres that front Lake Tahoe Boulevard and are within walking distance of the lake and nearby resort amenities.
Q: What is included in the listed 20‑unit ski‑in/ski‑out portfolio?
The portfolio includes 20 luxury townhomes on about 3.43 acres at the base of a ski resort, with unit sizes from roughly 2,870 to 3,616 square feet, two‑car garages, high‑end finishes and private outdoor spaces. The property is offered as a bulk sale but units have separate parcel numbers for flexibility.
Q: What approvals have Salt Lake City projects received?
One 22‑unit project on 2100 South received planning commission approval to move forward, including allowance for rooftop decks on 10 units and other site adjustments. Another 20‑unit proposal on 400 South is under review and seeking several zoning exceptions.
Q: Will these townhomes be for sale or for rent?
The Tahoe 14‑unit project and the proposed 20‑unit 400 South development are planned as for‑sale homes. The 22‑unit project on 2100 South is expected to be rented initially and later converted to condominiums for sale.
Key project features at a glance
| Project | Location | Size / Units | Key features | Status |
|---|---|---|---|---|
| South Lake Tahoe Townhomes | Lake Tahoe Boulevard site | 14 for‑sale units on 0.72 acres | Under construction; $11.75M construction loan; 18‑month term; no pre‑sale requirement | Construction underway |
| Gondola Vista portfolio | Base of a major ski resort, Tahoe basin | 20 luxury townhomes on 3.43 acres | Ski‑in/ski‑out; two‑car garages; high‑end finishes; rental‑friendly zoning; APNs per unit; listed for sale | Listed for sale as bulk or individual units |
| 400 South townhomes (proposed) | Approx. 900 E. & 400 S. | 20 for‑sale units on ~0.75 acres | Three buildings; up to four stories; brick and stone facades; zoning exceptions requested | Designs under city review |
| 21st 400 E. Townhomes | 377 E. 2100 S. | 22 units on 2.36 acres | Two‑bed/2.5‑bath units; two‑car garages; rooftop decks on 10 units; initial rental then condominium conversion | Planning commission approved to proceed |
Deeper Dive: News & Info About This Topic
Additional Resources
- ConnectCRE: South Lake Tahoe townhomes line up financing
- Wikipedia: South Lake Tahoe, California
- Tahoe Daily Tribune: Townhome property at base of Heavenly lists for $55M
- Wikipedia: Heavenly Mountain Resort
- Building Salt Lake: SLC planning commission approves 400 South townhomes
- Encyclopedia Britannica: Salt Lake City
- Salt Lake Tribune: New for‑sale town homes could go
- Google Search: Salt Lake City for‑sale townhomes 2025
- Building Salt Lake: New townhomes on 2100 South approved
- Wikipedia: Transit-oriented development
Author: Construction CA News
CALIFORNIA STAFF WRITER The CALIFORNIA STAFF WRITER represents the experienced team at constructioncanews.com, your go-to source for actionable local news and information in California and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Rose Parade, Coachella, Comic-Con, and the California State Fair. Our coverage extends to key organizations like the California Building Industry Association and Associated General Contractors of California, plus leading businesses in technology and entertainment that power the local economy such as Apple and Alphabet. As part of the broader network, including constructionnynews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic landscape across multiple states.
