323 RESIDENCES’ MODEL AND DISCOVERY CENTER OPENS AT HEAVENLY VILLAGE

(Lake Tahoe, Nevada) – For buyers seeking to invest in a pampered, year-round, resort lifestyle, 323 Residences at Heavenly Mountain in Lake Tahoe, Nevada is the place to be. Vail Resorts, Inc. purchased Heavenly Mountain Resort in 2002 and, in conjunction with the city of South Lake Tahoe, began implementing a plan for on-mountain improvements that will help transform the area from a sleepy little jewel to a first class, year round resort. The first step of this vision was realized with the recent addition of a base village with a gondola and numerous first-rate shops, restaurants and galleries. Situated in the heart of Heavenly Village is 323 Residences’ Model and Discovery Center.

A 49-unit, full ownership residential property, 323’s Discovery Center has devoted over half of its square footage to modeling and furnishing a “typical” living area and kitchen so buyers can see first-hand the level of exquisite finishes that are the “standard” for this luxury lifestyle. Complete with actual floor-to-ceiling photos of Lake Tahoe and Carson Valley simulating the views from 323 upon its completion, the Discovery Center features twelve distinct floor plans, and interior design boards with the actual materials and color pallets available in the residences. The Discovery Center also has a high-tech, flat-screen presentation featuring photo-realistic fly-throughs of a standard residence, a penthouse residence, the building’s common areas and actual fly-overs of the mountain to better familiarize buyers with the building location and orientation.

Adjacent to both the Boulder and Stagecoach lifts at Heavenly Mountain, 323 Residences will feature two, three and four bedroom plans ranging in square footage from 1820 to 3250 square feet with the buyer’s choice of either lake or valley views. In addition to the standard residences, 323 also features 9 two-story penthouses, ranging from 3800 to 6100 square feet and consisting of 4 bedrooms, 4.5 baths, 2 living areas, and unobstructed views of both gorgeous Lake Tahoe and the serenity that is Carson Valley.

Designed by renowned Aspen-based mountain architects Poss Architecture + Planning, these new residences are larger than the typical condominiums found in older projects so as to accommodate the more expanded lifestyles of today’s buyers. With expansive kitchens, spacious living areas, and oversized terraces, 323 buyers will enjoy room to roam and entertain both inside and out. And because every bedroom is a “suite” with a full size bath and ample closet space, both friends and family will enjoy both comfort and privacy during their stay.

As expected, only the finest appointments will grace 323 Residences. The Discovery Center living room demonstrates the floor-to-ceiling gas fireplace located in both the family room and owner’s retreat. The commercial-grade kitchen reflects that same impact with a Wolf cooktop, ovens and microwave, Sub-Zero refrigerator and wine chiller, an Asko dishwasher, and a built-in Miele coffee, all of which are “standard” in each residence.

323 Residences will also feature the convenience of a “lock and leave lifestyle,” made easy with 24-hour security and an “on-call” concierge. Residents will also enjoy a Club Room with a seating area and flat screen TVs, pool table, full kitchen, and a relaxing fire pit and heated terrace. There’s also a 2,000 square-foot exercise room with aerobic and weight training equipment, as well as an indoor lap pool, sauna and steam room, and indoor and outdoor hot tubs.

Along with its luxury lifestyle, the 323 Residences are situated in one of the most sought after vacation destinations in the world, Lake Tahoe. Along with the tax advantages that come with Nevada home ownership, Lake Tahoe also features over 274 days of sun a year and one of the most pristine lakes in the world. Outdoor activities for people of all ages are abundant including hiking, mountain/road biking, rock climbing, golfing, picnicking, skiing, snowboarding, water skiing, wakeboarding, parasailing and boating, along with various festivals, the summer outdoor concert series and headliner entertainment. And new boutiques, shops, restaurants and art galleries, along with a cinema, are only minutes from 323 in the Heavenly Village.

323 Residences is a “full ownership” property ranging in price from $1.5 Million to $5.5 Million, and is now taking reservations at The Model and Discovery Center in The Heavenly Village. The Center is located near the base gondola, close to the movie theater. The Model and Discovery Center is open daily beginning at 9 a.m. Please visit www.323Tahoe.com or call 866-LAKE-323 (866-525-3323) for more information.