Explore this rare opportunity to own a multi-family income producing acreage property with the possibility to add a 3rd residence. Residence A was built in 2024 with 2 bedrooms and 1 bath, while Residence B is 2 bedrooms and 2 baths, plus a 3rd separate detached bedroom suite. There are limitless ways to utilize this beautiful property, situated perfectly on 5.53 level acres. Nestled among towering pines in the heart of Portola's scenic Lost Sierra, 122 Pine Knoll offers a combination of lifestyle, flexibility, and investment opportunity. Featuring two separate homes down a private road, each with its own distinctive architectural style and charm, the property is perfectly suited for a variety of uses—from income-producing rentals to a multi-generational family retreat. Located just minutes from Chalet View Lodge, one of the region's most sought-after event venues, the property presents exceptional short-term rental potential. Accommodate wedding guests, vacationers, outdoor enthusiasts, or enjoy a live-in investment strategy by residing in one home while generating income from the other through short-term or long-term rentals. For families and second-home buyers, the possibilities are equally appealing. Create your own private vacation compound where multiple generations or families can gather together while enjoying the comfort and privacy of separate residences. With room to roam and easy access to golf, fishing, hiking, mountain biking, lakes, rivers throughout the Lost Sierra, this is a property designed for making memories. Residence A is a newer build with a Mountain Modern vibe, featuring a great room with vaulted ceilings, plenty big enough to gather. High-end finishes, professional grade appliances, a richly stained butcher block island and two-toned cabinetry give this home an elegant but functional style. Rounding out the 2 bedrooms and 1 beautifully appointed bathroom are 2 attached, but separate, 2 car garages for parking and storage for all your recreational toys. Residence B is an inviting, rustic cabin with a covered wrap around porch. From the vaulted wood ceiling to the wood burning stove, this home is full of woodsy quality built mountain charm. Adding to the list of amenities is an enclosed loft (currently furnished with 3 twin beds) with a pull down ladder, a large outdoor storage shed and a 2nd shed that's been convenient for extra sleeping quarters, complete with heaters and ceiling fan. This space would be great for an art or exercise studio as well. Residence B also features an ensuite bedroom, a secondary bedroom, full guest bath and ample storage for all your needs. Come experience a mountain lifestyle and explore the possibilities at 122 Pine Knoll Court.