ZALANTA PHASE II BLVD, SOUTH LAKE TAHOE, CA 96150

LAKE TAHOE PROJECT SUMMARY Zalanta Phase II - a shovel ready, fully entitled development opportunity in South Lake Tahoe that has approved plans and is ready to break ground.

Approved for 60 luxury whole ownership condos, totaling 93,102 of residential square feet with an underground private parking garage and homeowners courtyard and amenities. Incredible opportunity at South Lake Tahoe’s most luxurious full-service residential property with significant improvements and all HOA amenities in place with phase I.

LOCATED IN AN OPPORTUNITY ZONE.

Zalanta Resort at the Village is Lake Tahoe’s most luxurious full-service residential offering. Located steps from the Heavenly Gondola with walking access to skiing, beaches, shops, dining, and nightlife. Managed by Vail Resorts, Zalanta offers carefree ownership with outstanding services such as 24 hours front desk and concierge, ski valet with Heavenly concierge services, Denali shuttle vehicle, year-round heated pool, two hot tubs, fitness center, and private parking. PHASE II

Approved for 60 luxury whole ownership condos with an underground private parking garage and homeowners courtyard and amenities. LAKE TAHOE

The existing plans with the City of South Lake Tahoe, while no longer approved, can be resubmitted with EXISTING or without changes for plan check to have a new permit be issued. Presently all of the construction drawings exist and are only subject to minor code changes or buyers reprogramming of any of the interior spaces. PLANS The cost of these plans is in excess of $1,300,000. LAKE TAHOE

TOURIST The existing TAU restrictions allow uses under that category which include /motel, ACCOMMODATION timeshare, and residential condominiums. The 60 TAU’s which go with the property are UNITS valued at approximately $1,500,000. LAKE TAHOE

COMPLETED Improvements completed at Zalanta I, which includes the lobby space, swimming pool, hot pools, exercise facilities and equipment, and landscaping can be used subject to IMPROVEMENTS Zalanta II’s inclusion in Zalanta One’s HOA. If Zalanta II was to build duplicate facili- UNITS ties, the cost would be in excess of $2,000,000. LAKE TAHOE

The estimated value of subterranean improvements for Zalanta II, which includes all INFRASTRUCTURE water/gas/sewer/electrical connections, as well as an extensive water drainage and treatment system, is valued in excess of $2,000,000. LAKE TAHOE

These benefits to the buyer for existing plans, development resources, and improvements TOTAL BENEFITS are estimated to be in excess of $6,800,000. LAKE TAHOE

Perhaps the greatest benefit for a buyer is the active status of the Tahoe Regional Planning Agency permit for the project. If this permit did not exist, the new buyer would have to go back ENTITLEMENTS through the TRPA review process, including an environmental impact report, which would not only cost millions of dollars, but would take several years to be approved, if at all. LAKE TAHOE

Although the project is approved; there still exists a tremendous amount of flexibility in UNIQUENESS terms of design and uses. This combination of use flexibility and an active TRPA permit are rarely found and relatively unduplicatable in the Tahoe basin. WALKING DISTANCE TO TAHOE’S BEST

Heavenly Village Heavenly Resort Stateline Casinos Heavenly Village, located at the base of the Heavenly Overlooking the sapphire-blue waters of Lake Tahoe, • Harrah’s Lake Tahoe Gondola, is the place to go for the latest trends in food, Heavenly ski resort is one of the most unique snow- • Harveys Lake Tahoe fashion, entertainment and fun. Lake Tahoe’s best sports destinations on the planet. With a higher • Montbleu shopping venue with local and national brands, popular elevation and the most skiable terrain in Tahoe, you • Hard Rock Hotel & Casino restaurants, movie theater, ice rink, mini golf and live have more hidden glades to explore and groomers music 365 days a year. to enjoy than any Lake Tahoe resort. Event Highlights Restaurants • 97 trails • 4th of July Fireworks • 4,800 total acres of skiing & riding • Harveys Outdoor Concert Series Walking distance to over 50 restaurants • Year-round activities • Celebrity Golf Championship • Ridge Rider Mountain Coaster • New Year’s Eve at Stateline Shopping • Hot Shot Zip Line • Live music 365 days a Year Walking distance to over 40 stores • Ropes course • Scenic gondola rides Getting Here Kids Activities • On mountain restaurants • 1 hour drive from Reno • Heavenly Ski School • 1 hour 58 minutes drive from Sacramento • Lakeside Beach & Marina Lakeside Beach & Marina • 3 hours 30 minutes drive from San Francisco • Movie theater • One of Tahoe’s finest sandy beaches • Reno-Tahoe International Airport - 120 daily • Ice rink • Boat, jet ski & SUP rentals non-stop flights • Mini golf • Parasailing • Lake Tahoe Airport (15 minute drive) • Arcades • Lakeside Beach Grill • Minden-Tahoe Airport (30 minute drive) Van Sickle Bi-State Park Edgewood Golf Course • Door to door airport shuttles available • Mountain biking Set along the south shore of beautiful Lake Tahoe, Weather • Hiking Edgewood Tahoe is arguably one of the most scenic • The sun shines at Lake Tahoe over 300 days a year • Equestrian trails and parking golf courses in the world. • At lake level, annual snowfall in South Lake Tahoe • Gateway to Tahoe Rim Trail • Designed by George Fazio in 1968 averages 125 inches. At alpine skiing elevations, the • Rated by Golf Digest Magazine as one of snowfall averages 300 to 500 inches. “America’s Top Golf Courses.” • Home to American Century Celebrity Golf Championship LAKE TAHOE AMENITIES MAP SHOPPING & RETAIL FOOD & DRINK 1. Powder House Ski & Board 1. Alpine Union 18. Dough Custom Pizza 35. Jamba Juice 2. Lake Tahoe Cigar 2. The Oyster Bar 19. Ace High Saloon & Smokehouse 36. Subway 3. CVS 3. Ciera Steak + Chophouse 20. Creative Crepes 37. Baja Fresh Mexican Grill 4. Tag Heuer 4. The Buffet 21. The Baked Bear 38. 5. Heavenly Sports 5. Xhale Bar & Lounge 22. Stateline Brewery & Restaurant 39. Blue Dog Gourmet Pizza 6. Oakley 6. Lucky Beaver, Bar & Burger 23. Fire+iCE 40. Izabella Ristorante Italiano 7. The North Face 7. Friday’s Station Steak & Seafood Grill 24. Cold Stone Creamery 41. Applebee’s 8. Shoreline Ski & Snowboard 8. Fatburger 25. Gunbarrel Tavern & Eatery 42. Ten Crows BBQ 9. Patagonia 9. Starbucks 26. Base Camp Pizza 43. Taqueria Jimenez 10. Sealed With A Kiss 10. Forest Buffet 27. Kalani’s 44. Super Tacos 11. High Chaparral Western Wear 11. 28. Starbucks 45. Lew Mar Nel’s 12. Earthbound Trading Company 12. 19 Kitchen Bar 29. The Loft 46. Jimmy’s Restaurant 13. Quicksilver 13. The Sage Room 30. Driftwood Cafe 47. Lakeside Beach House 14. Apricot Lane 14. Straw Hat Pizza 31. California Burger Company 48. Edgewood Restaurant 15. Bonanza Boot & Leather 15. McP’s Taphouse Grill 32. Azul-Latin Kitchen 49. The Bistro Edgewood 16. Lakeside Landing 16. The Chateau At The Village 33. Nestle Toll House Cafe 50. Brook’s Bar & Deck 17. Raley’s 17. Mahogany Smoked Meats 34. Maya’s Mexical Grill 51. The Naked Fish Sushi Restaurant 18. Tahoe Sports 19. AT&T Retail 20. Dog Dog Cat & LODGING 21. Sidestreet Boutique 22. Americana Surplus 1. Hard Rock Hotel 20. Bluelake Inn 39. Best Western 23. Menegon’s Ace Hardware 2. Montbleu Resort 21. Lakeside Gondola Residence Lodge 40. Econo Lodge 24. FedEx Office 3. Harveys Lake Tahoe 22. Mellow Mountain Hostel 41. Americas Best Value Inn 4. Harrah’s Lake Tahoe 23. Big Pines Mountain House 42. Roadway Inn 5. Lake Tahoe Resort Hotel 24. Tea Garden Lodge 43. Parkside Lone Pine Lodge RECREATION, ENTERTAINMENT 6. Forest Suites 25. Tahoe Villa 44. APlus Resorts AND ACTIVITIES 7. Marriott’s Timber Lodge 26. Blue Jay Lodge 45. The Lodge at Edgewood 8. Grand Residences by Marriott 27. Lake Tahoe Ambassador Lodge 46. The Landing Resort & Spa 1. Hard Rock Casino 9. Stardust Lodge 28. Basecamp Tahoe South 47. Marriott Timber Lodge 2. Montbleu Casino 10. Stateline Economy Inn and Suites 29. Alpine Inn and Spa 3. Harveys Lake Tahoe 11. Blackjack Inn 30. Docs Cottages 4. Harveys Lake Tahoe 12. Ski Haus Lodge 31. Cedar Inn & Suites 5. Lake Tahoe Outdoor Arena at Harvey’s 13. Hotel Becket 32. Monaco Motel 6. Harrah’s Lake Tahoe 14. Holiday Inn Express 33. 7 Seas Inn 7. South Shoure Room 15. Best Choice Inn 34. The Coachman 8. Borges Sleigh and Carriage Rides 16. Paradice Motel 35. Green Lantern 9. Heavenly Mountain Resort 17. Mark Twain Lodge 36. Alpenrose Inn 10. Heavenly Village Cinemas 18. Heavenly Inn 37. Avalon Lodge 11. Action Watersports 19. Secret’s Inn 38. 3 Peaks Resort 12. Edgewood Tahoe 13. Van Sickle Bi-Skate Park Within the Stateline zone there are 3,483 hotel rooms on California side and 2,266 casino hotel rooms side for a total of 5,749 rooms within walking distance.

LAKE TAHOE

2019 appraisal of $8,250,000 Offered at: $7,500,000

MIKE DUNN Vice President Business Development 775.901.6633 [email protected] CA DRE# 1916007

To learn more about Zalanta Phase 1, please visit zalanta.com