Lupin Lodge, the clothing-optional resort tucked into the Los Gatos hills, is no longer being actively marketed for sale as owner Lori Kay Stout takes a breather to assess the future of the 112-acre property. Stout, who has run the lodge for decades, told reporters she is stepping back from a formal sales push after several rounds of interest. That leaves an uncertain timeline for a property that has long been both a Bay Area curiosity and a local institution.
In an interview, Stout said visitors and prospective buyers had expressed interest but nothing final, as reported by The Press Democrat. The paper noted the lodge's listing was trimmed last year to roughly $29.2 million before Stout paused active marketing. She also told the outlet that an overseas deal was undone in part by tariffs tied to China.
The property first appeared on prominent listings in late 2023 at an asking price of nearly $32.8 million, according to Forbes. A local write-up by Hoodline surfaced when the listing went public and highlighted the site's mix of cabins, yurts and communal amenities. Brokers who showed the property have said its combination of history and regulatory constraints has made finding the right buyer a tricky fit.
What Lupin Is And Who Owns It
Lupin traces its roots to the 1930s and today operates as a 112-acre retreat with a clubhouse restaurant, pool, tennis and pickleball courts, cabins and miles of trails, per Lupin Lodge. The site lists the address as 20600 Aldercroft Heights Road and notes an extensive use permit and a state-regulated water system. The resort's past also includes a 2015 investigation into alleged water diversion that local outlets, including SFGATE, reported, a reminder of some of the operational hurdles any new owner would inherit.
Listing Status And Buyers
Even though Stout has paused the sale process, several real estate feeds continue to display the listing as active. Realtor.com showed an updated entry in February 2026, illustrating the lag between an owner's decision and what still shows up in MLS-driven databases.
In the Press Democrat interview, Stout said potential suitors had included a Japanese developer and two schools, but none produced a binding agreement. She told the paper she wanted time to consider whether to preserve the club’s clothing optional identity or pursue alternate uses for the land.
Changing Economics For Naturist Resorts
Analysts say Lupin's pause is part of a larger pattern of historic naturist properties being sold, repurposed or going textile as operating costs rise and membership patterns shift. A Guardian feature that examined Lupin's market run-up chronicled those pressures and the likelihood that new owners might convert such properties to other uses, from retreats to development projects. That broader context helps explain why Stout has not rushed into a sale and why local members have weighed preservation options.
Stout has not announced a firm timeline for a decision and has emphasized that community needs and practical constraints will factor into any next step. The lodge's calendar still lists summer gatherings, from Fourth of July events to its anniversary weekend, leaving open the possibility that members will mark another season on the grounds.
