$299,000 Active Under Contract
26500 Highway 4
Markleeville, CA 96120
STR Status Unknown
3 Beds
·
1.0 Baths
·
2,448 Sq Ft
Virtual Tour

About This Property

Here is a rare opportunity to own a bit of history! Located on 5 beautiful acres of tall pines, with a long stretch of Silver Creek running through it, the Chalmer's Mansion was erected sometime around 1872 and is home to the first smelter in the Silver Mountain area. This smelter still stands today! A silver boomtown in 1866, the mansions owner initially came to Silver Mountain City to develop silver mines and eventually acquired the Exchequer mine (and others) located near the property, where he eventually built his home. It became known as the Chalmers Mansion. With a then a population of 3000 people, Silver Mountain City was the county seat of Alpine County from 1864-1875. Portions of the city jail still stand at the historical site located near the Mansion, off of Highway 4. Although currently uninhabitable, this home has tons of potential! It is located "off GRID" with no power available. There is no well on the property, but in the past, the current owner has utilized gravity flow water from a spring that is located above the property which they have water rights to. The system hasn't been used for a few years and will need to be rebuilt OR there may be the possibility of drilling a well on the parcel (needs to be confirmed with Alpine County). There is a septic tank and leach field which was installed in approximately 2007. A propane tank is at the property and is used for the water heater and the kitchen range. Access may be limited during heavy winters. Ebbett's Pass (Hwy 4) is gated when there is snow accumulation, so the only access would be by snowmobile, a tracked ATV or vehicle, or on foot.

Listed by Teddy McKone — Intero

Listing Details

Status Active Under Contract
MLS # 250004854
Days on Market 387
Price/Sq Ft $122

Property History

Apr 15, 2025
Listed for sale
$299,000
Current
Pending
$299,000
Property Overview
Beds 3
Baths 1.0
Sq. Ft. 2,448
Lot Size 5.00 acres
Stories 2
Year Built 1872
Property Type Single Family Residence
APN 004-100-002-000
Parking
Parking Features None
Exterior & Lot
Exterior Features None
Lot Features Gentle Sloping, Rolling Slope, Wooded
View Mountain(s), Trees/Woods
Roof Composition, Pitched, Shingle
Foundation Stone
Utilities & Systems
Heating Fireplace(s)
Financial
Annual Tax $1,481
Schools
Elementary School Diamond Valley
Middle School Diamond Valley
High School Douglas
📊

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($59,800)
Home price
$299,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

Send a Message

Or call directly: (530) 317-0373