Owned by the State of California and available for purchase by sealed bid is this mostly level 8.43 acre parcel that was once developed as a drive-in movie theater and operated as such into the 1970's. There is 25,000 square feet of banked land coverage for a single family residence and other related improvements on the Class 7 land. There is an existing Residential Unit banked in the property and therefore an allocation is not needed. Offer Form: http://tahoe.ca.gov/files/Complete_1340_Glenwood_Way_Purchase_and_Sales_Agreement_2012-1119.pdf