Located in the heart of Tahoe's highly desirable West Shore, this unique 1.6-acre (+/-) residential/mixed-use investment property offers a rare combination of existing income, redevelopment potential, and legacy ownership opportunity. Historically the site of an Old Tahoe church camp and more recently a community school, the property now serves as long-term local housing while presenting extensive future possibilities for redevelopment or private estate use. Positioned directly across from Kilner Park and bordering West Lake Boulevard and the West Shore bike path, the location offers immediate access to Sunnyside Resort, Hurricane Bay, Ward Creek, Alpine Meadows backside access, and endless hiking, biking, skiing, and outdoor recreation opportunities that define the Tahoe lifestyle. Current gross rental income totals approximately $10,450 per month and includes two 4-bedroom/2-bath two-story homes, three studio cabins, one 1-bedroom/1-bath loft cabin, and an office space. Attached renderings illustrate the current site configuration and existing improvements. The residential/mixed-use zoning may allow for a wide variety of future development concepts, including a residential PUD or clustered housing development, mixed-use commercial/residential project with retail or office space and upper-level residences, recreational or wellness-oriented facilities, hospitality-related concepts, professional offices, or an expansive legacy family compound retreat. Buyer to investigate all potential future uses and development opportunities to their own satisfaction. Few West Shore properties offer this combination of scale, flexibility, income production, accessibility, and proximity to Tahoe's most sought-after recreational amenities. Seller may consider short-term seller financing for qualified buyers.