Sierra Sotheby’s International Closes $45.5 Million Purchase of The Chateau at the Village Property in South Lake Tahoe

The Chateau at The Village South Lake TahoeSierra Sotheby’s International Realty recently announced the South Lake Tahoe property known as ‘The Chateau at the Village,’ has been purchased for $45.5 million from Tahoe Stateline Venture, LLC, a subsidiary of Owens Realty Mortgage Inc. Sierra Sotheby International Realty Broker Vince Scott represented the buyer and new owner Tahoe Chateau Land Holding, LLC — a Chinese-American investment group.

The purchased property includes approximately 8 acres of land and entitlements with additional condo-tel  “air rights” above the existing commercial space.  Continue reading

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