LAKEPORT — More than 100 prime lake-front acres on the western shore of Clear Lake will be sold for back taxes on Oct. 12 to 18. The parcel has been in a “perpetual state of tax default and bankruptcy for more than two decades and was recently foreclosed upon by Westamerica Bank,” according to Lake County Tax Collector Sandra Shaul.
The minimum bid is set at $925,000, although the property was reassessed in 2008 at $2.4 million.
Known by many in the community as Robin Hill, the property has had a long and tumultuous financial past that prolonged the tax default and complicated two development plans. Recent owner, Boeger Land Development LLC, was unable to secure financing to proceed with its Marina at Lyons Creek project due to the economic recession and ultimately succumbed to foreclosure in the spring of 2011.
Previously planned as a residential and destination resort community with marina, there is more than 1,100 feet of premiere lake frontage with views of Clear Lake and Mount Konocti. It is located just north of Lakeport and less than an hour from Sonoma, Napa and the Highway 101 corridor. The property rests amid rolling hills and oaks that lead to expansive meadows, wetlands and a private lagoon.
There are 73 domestic water connection entitlements and strong support from the Lake County Board of Supervisors to reserve proceeds from the sale for water system improvements that are needed to lift the current moratorium.
A master plan prepared by Lake County Special Districts for the Northwest Regional Wastewater System identified the treatment plant as having adequate capacity given current and projected growth. Zoning is primarily R1 residential.
The public auction will be hosted by Bid4Assets.com and auction registration is open. Potential buyers must secure a refundable deposit of $25,000 with Bid4assets.com on or before 1 p.m. Oct. 17 to participate in the auction. The winning bid must pay the final purchase price in full on or before Oct. 28. Complete terms of sale are available from the Lake County Tax Collector or at bid4Assets.com.
