$700K 1st TRUST DEED FOR SALE
Mills House, Lake Resort, Walker Lake, Nevada
The Mills House Resort
$700,000.00 First Trust Deed for Sale
15% Interest Only Monthly Payments at $8,750.00
Waterfront Resort Property with 850 feet Beachfront
STATE OF NEVADA HAS NO USURY LAWS
Address: 150 Cliff House Road
Walker Lake, Nevada 89415
Jurisdiction: Mineral County, Nevada
Property Value: $1,500,000.00 “as-is”
Loan to Value: 47% (Forty Seven Percent)
Surplus Equity: $800,000.00
Property Size: 16 Acres Property
This “Mills Resort” area is adjacent to the 17 acre “Cliffhouse Resort” located on Walker Lake in northwestern Nevada.
Although it is a separate parcel, it is included in the membership amenities. This property consists of approximately 16 acres of developable highway/lakefront property. The property is basically rectangular shaped with approx 600 ft on US Highway 95 and 850 feet of waterfront property with beach area.
The property also includes certain undeveloped property known as the three residential building lots and the beachfront. Starting from the Walker Lake waterfront (approximately 850’ beach front) – One area entails the beachfront portion, consisting of three (3) stucco frame studio cottages, one stucco frame, one-bedroom cottage and a singlewide 26-foot trailer home with deck.
Next to the beachfront is the two-story stucco frame six-plex rentals and the 5,000 sq ft stucco frame boathouse shop with adjoining storage building.
Another area includes three separate view building lots. It includes a triplex, which has two two-bedrooms one three-bedroom apartments, a separate laundry room building, a separate public well house (the property owns the majority interest in the well and water system which permits usage of 61.0 million gallons per year. It also includes a 200,000 gallon water storage tank and the property west of the triplex which adjoins US Highway 95. Currently the property has rental income consisting of the rent from Triplex unit; Six plex unit; Boat/Repair Shop (3,500 sq ft); Four studio Cottages. Three separate buildable view lots
This property is located 12 miles north of Hawthorne, Mineral County, Nevada on US Highway 95 (the main artery between Reno and Las Vegas). It is a perfect development project due to its location on the highway, waterfront ownership, water availability and the views. It is only 1 hour from Bishop, Yosemite, & Mammoth Lakes, 2 ½ hours from Reno and Lake Tahoe, and only 4 ½ hours from Las Vegas.
The property is being marketed as a membership vacation resort and retreat for the general public. It is also being marketed as an exclusive membership for Police Officers and Firefighters, whereas certain resort areas are open only to Police Officers and Firefighters and off limits to the general public.
Click here to see the Membership Price Index.
Terrance "Dez" Dzvonick
Phone: (951) 283-0557
Click on the Walker Lake website below for more info!
Copyright 2006 Lynda Delgado - Delgado Designs. P.O. Box 71287, Las Vegas, NV 89170. All rights Reserved.