$500,000 Existing Second
TRUST DEED FOR SALE
Cliffhouse Resort at Walker Lake
The Cliffhouse Resort
$500,000 Existing 2nd Trust Deed for Sale
12% Interest Only Monthly Payments at $5,000.00
Waterfront Resort Property
With 800 feet of Sandy Beachfront
STATE OF NEVADA HAS NO USURY LAWS
THIS IS A PRINCIPAL TO PRINCIPAL TRANSACTION
Address: 331 Cliff House Road
Walker Lake, Nevada 89415
Jurisdiction: Mineral County, Nevada
Property Value: $2,000,000.00 (Two Million US
Loan to Value: 60% (Sixy Percent)
Surplus Equity: $800,000.00
Property Size: 17 Acres Property
APNs: Provided upon written request
This 17 acre “Cliffhouse Resort” property is one of kind, and is adjacent to the 16-acre property known as "The Mills House”.
Although it is a separate parcel, it is included in the membership amenities. The property extends from US Highway 95 (the main artery between Reno & Las Vegas - approximate 1,200 feet of road frontage) gently sloping all the way to Walker Lake (approx 800 feet of waterfront).
Development on the property, which has been accomplished over the last 35 years, includes a full service lake view restaurant and lounge, a beachfront motel with 12 suites plus a meeting & exercise building attached. Also on the property is an executive VIP stand alone two bedroom home with garage and eight (8) rustic studio cabins.
The property has its own pristine well water system. Future plans include the development of retail facilities on the highway, 50-100 upscale RV parking, additional lodging, an casino/gaming operation and a full service marina (which will be the first and only marina facilities to handle larger boats).
The property encompasses approximately 17 acres of land and is basically in the shape of a rectangle. With approximately 1,200 feet of highway 95 frontage (which according to NDOT records in 1998, has an average of 400,000 to 600,000 vehicles per month) the property lends itself perfectly to development of a retail "entertainment" type operations on the top three (3) acres.
As the property gently slopes toward Walker Lake, the entire property has gorgeous lake and surrounding mountain views from every area. A five acre parcel is planned to be developed into an upscale RV park with views from every site and lots of water events. Additional lodging facilities can be built in the next adjoining area before reaching the site proposed for the casino/gaming facilities.
The beach area, which includes over 800 feet of waterfront, is fairly flat and lends itself to development of xeriscape landscaping, BBQs, etc ready for outdoor use. The waterfront included in this property is being developed into a full service marina with boat launch, dock and floating facilities. Houseboat, boats and other types of recreational watercraft rental will be available. Walker Lake is widely known for is ideal fisherman’s haven.
Contact Dez - Phone: (951) 283-0557
Copyright 2006 Lynda Delgado - Delgado Designs. P.O. Box 71287, Las Vegas, NV 89170. All rights Reserved.