Tahoe’s hidden gem, Mount Rose Ski Tahoe is for sale according to an announcement sent to season pass holders on January 23. The resort, which is best known for “The Chutes,” a zone of heart-throbbing runs ranging from 45 to 55 degrees in pitch is the closest ski area to Reno, Nevada. The resort is home to 1,200 skiable acres and an open boundary accesses the backcountry.

“From a business perspective, the timing is right with the 2014-15 season proving highly successful despite enduring the leanest snow season in the history of the mountain,” the statement said. “In addition, the 2015-16 winter is currently on track to be one of the strongest in the last 10 years and prove exactly what the resort is capable of achieving in a typical or above average snow year.”

With a base elevation of 8,260 feet, its lodges are at the highest base elevation in Lake Tahoe. Mount Rose reports an 1,800-foot vertical and an average base depth of 74 to 106 inches. Fritz Buser, who founded the resort in the late 1960s while touring the country to promote Henke ski boots, has owned and operated the independent resort. Buser became the majority shareholder in 1971 and has steered the direction of the resort ever since. Over the years, Buser has overseen the completion of two high-speed six-passenger lifts, extensive snowmaking, and terrain expansion to include the Chutes. After many years behind the helm, 95-year-old Buser is ready to retire from the snow business.

Future projects are still in the works including the goal of expanding the resort into terrain across Highway 431 from the resort. The land is private property that could be zoned for commercial use with the ability to develop real estate according to the release. The statement didn’t include a timeline for the sale, but day-to-day operations are expected to continue as usual.