0 Philbrook Rd #D, Magalia, CA 95954

Description

Escape to Lake Philbrook! Situated at approximately 5,600 feet in elevation, this simple A-frame style cabin offers a unique mountain getaway just steps from the water. Lake Philbrook is an approximately 175 acre reservoir enjoyed by cabin leaseholders for fishing, recreation, and relaxing by and on the lake.
The cabin is located on PG&E land surrounded by U.S. Forest Service lands. This is a **ground lease through PG&E; the land is not included in the sale.** The leased area is approximately 150' x 150', as reflected in documents available in the MLS. Lease terms are generally in the range of 10 years upon assumption, subject to PG&E requirements, required insurance, and the Rules & Regulations for Lake Philbrook. Buyers should review all applicable documents with their agent.
The cabin sits close to the banks of Lake Philbrook, making this a great opportunity for those looking for a rustic recreational retreat. Cabin specifications are currently estimated while actual information is being obtained through PG&E. Cabin will need TLC.
Please note that the decking around the cabin is **dilapidated**, with some areas and railings missing. The small deck near the water's edge is also dilapidated. **Buyers and agents are advised not to access any decking whatsoever.**
The structure is being sold pursuant to the PG&E ground lease terms and conditions and is offered **where-is, as-is**, subject to any inspections and investigations a buyer wishes to perform at their sole expense.
Interior showings will be available to qualified prospective buyers with proof of funds sufficient to close. Please consult your real estate agent for documents, additional information, and access.