Welcome to the Topaz Lake Retreat — a rare 8,150 sq.ft. standalone destination property overlooking Topaz Lake with panoramic water and mountain views. Situated on 1.23 acres with over 450 feet of Highway 395 frontage, this highly visible, income-producing opportunity sits just north of the Nevada/California border, offering the perfect blend of tax advantages, tourism traffic, and long-term upside. This property has one of the only Short Term Rental Permits in the area and rents vary. Listing Agent has more information about the variety of rents charged. Occupants work in neighboring cities and keep the property mostly reserved. Originally built in 1969 and rebuilt/expanded in 1989 (per the Douglas County Assessor), the property has been thoughtfully improved (2024/2025) and is currently operating as a short-term rental. The property has NEW PLUMBING & ELECTRICAL, NEW WINDOWS, NEW TANKLESS WATER HEATERS, NEW CABINETS & FIXTURES AND ALL NEW APPLIANCES IN EVERY UNIT. With 11 spacious bedrooms, 6 bathrooms, 4 full kitchens plus a kitchenette, this retreat is ideal for use as a corporate lodge, wellness retreat, boutique hospitality concept, or high-end vacation rental compound. Each unit has been tastefully designed with NEW granite islands/breakfast bars, laminate flooring, washer/dryer (combo) in every unit, and is comes completely furnished. The property also offers 31 dedicated parking spaces, comprised of RV, boat, and standard vehicle parking, making it a rare find for lake visitors, large groups, or event-style hosting. Additionally, there is gated long-term RV storage, creating further passive income potential. Shared potable water, wastewater disposal, and fire protection systems with the adjacent Best Western provide streamlined utility support. With unmatched exposure along Nevada’s most traveled highway and unobstructed views of Topaz Lake, this is a one-of-a-kind investment opportunity with multiple revenue pathways — hospitality, retreat rental, corporate leasing, event hosting, or continued STR operations. The property is fully fenced and secure with phenomenal lake views. Truly a one of a kind gem. Property and Stay Features (Interior Features) ; Lakefront and scenic mountain surroundings Comfortable accommodations for short- or extended stays Spacious living areas Fully equipped kitchen Private outdoor space Parking available Peaceful, private setting Recreation and Outdoor Features (Exterior Features); Topaz Lake fishing Boating and water activities Hiking and nature exploration Wildlife and scenic views Outdoor recreation year-round Beautiful sunrise and sunset views Location Benefits ( Outdoor Living Features Quiet lakeside environment Close to outdoor recreation Convenient access to nearby communities and services Ideal for vacationers, outdoor enthusiasts, and extended-stay guests Lots Features Scenic mountain and lake surroundings Peaceful, private setting Outdoor recreation access Natural landscape and open space Year-round recreational potential Convenient access to Topaz Lake ,Lake Tahoe , Markleeville , Bridgeport, California, Coleville Fishing, boating, and hiking nearby Room for outdoor seating and entertaining Parking Rv’s/vehicle access Beautiful views and outdoor living opportunities Ideal for a vacation property or investment Quiet retreat away from city congestion