$3,150,000 Active
APN 047 State Route 89
Markleeville, CA 96120
STR Status Unknown
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About This Property

Own your slice of paradise nestled in the heart of the Sierra Nevada mountains with this stunning 570+ acres made up of four parcels (two 40's, one 325.6, and one 165.9). The land offers a mix of forested areas, a large open meadow, a small mountain lake, a year-round stream, seasonal streams and pond, and breathtaking views, as well as diverse terrain. The meadow and pasture come with surface irrigation water rights and have been seasonally leased for cattle grazing. Enjoy excellent access with three entry points off Scenic Hwy 89. Surrounded by BLM land, the Indian Creek Recreation Area, South Tahoe PUD, and a small portion of private property, this gem even includes the westerly portion of Summit Lake, with the remainder on BLM land. A scenic trail leads from the front meadow, up to the lake which is located near the south easterly property line/corner. There is also a seasonal shallow pond at the north end of the meadow which is surrounded by beautiful mature pines. There are two recently built log carports which add rustic charm and functionality. There is also a large pad ready for a shop building or whatever you'd like! The Northerly portion of this property has a beautiful stretch of Indian Creek running through it along with amazing mountain views. Just minutes from the charming town of Markleeville—with great dining, a general store, and Grover Hot Springs. Also central to Lake Tahoe, Carson Valley, and Kirkwood and Heavenly ski resorts. The area is perfect for fishing, hiking, snowshoeing, horseback riding, skiing, and cycling. Alpine County and the surrounding area truly are an outdoorsman's dream location! Seller financing may be available.

Listed by Teddy McKone — Intero

Listing Details

Status Active
MLS # 250058648
Days on Market 188

Property History

Nov 29, 2025
Listed for sale
$3,150,000
Property Overview
Lot Size 571.50 acres
Property Type Land
APN 002-230-047-000
Exterior & Lot
Lot Features Adjoins BLM/BIA Land, Adjoins Lake, Greenbelt, Meadow, Wooded
View Meadow, Mountain(s), Rural, Trees/Woods, Valley
Utilities & Systems
Water Source Summit Lake
Financial
Annual Tax $15,523
Schools
Elementary School Diamond Valley
Middle School Diamond Valley
High School Douglas
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($630,000)
Home price
$3,150,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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