$2,450,000 Active
1081 Sandy Way
Olympic Valley, CA 96146
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
5 Beds
·
4.5 Baths
·
4,155 Sq Ft
Virtual Tour

About This Property

Offering exceptional value in Olympic Valley, this expansive mountain retreat is situated toward the end of a quiet cul-de-sac with sunny southern exposure, offering mountain views and abundant off-street parking. With over 4100 sqft of indoor living space, multiple outdoor seating areas, and a spacious level yard with a custom putting green. The versatile floor plan lives like three homes under one roof, featuring a main residence with two suites and a large secondary living area ideal for a bunk room, game room, or additional gathering space, plus two separate ADUs located above and below the garage, all with their own entrances and plentiful parking. This flexible layout is perfect for extended family, guests, multi-generational living, or rental income potential. Built as a primary residence for 'Master Plumber', Dale Cox of Squaw Valley Plumbing, the home showcases exceptional mechanical systems, including full-house hydronic radiant heating with individual thermostats and shut-offs in every room. Advanced hydronic snow-melt systems serve the driveway, walkways, and roof eaves, providing effortless winter maintenance. Additional highlights include a steam shower in the primary suite, extensive storage, a heated garage, 2 large level driveways, and a prime location near the bike path leading to the Village at Palisades Tahoe. A rare combination of size, flexibility, exceptional engineering/mechanics, and convenience, this property offers outstanding year-round living and easy access to world class recreation in the heart of Olympic Valley.

Listed by Brendan Boyle — Mountain Luxury Properties Tah

Listing Details

Status Active
MLS # 20261164
Days on Market 73
Price/Sq Ft $590

Property History

Jun 15, 2026
Listed for sale
$2,450,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,155
Lot Size 0.28 acres
Year Built 1994
Property Type Single Family Residence
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096180007000
Parking
Garage Spaces 2
Parking Features Two, Attached, Heated Garage, Insulated, Plumbing, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Rental History
View Trees/Woods, Mountain(s)
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Propane, Hydronic, Radiant, In Floor
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
72
PROJECTED GROSS ANNUAL REVENUE
$40K – $98K typically ~$80,162
~$6,680 per month
Avg Nightly
$463
Occupancy
47%
Cap Rate
1.3%

STR Investment Summary — 1081 Sandy Way, Olympic Valley

Est. Gross Annual Revenue
$40K – $98K
typically ~$80,162
Avg Nightly Rate
$463
Projected Occupancy
47.4%
Cap Rate
1.3%
Structural Score: 72 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Olympic Valley. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.

Building Permit History

Placer County permit records for this parcel

1 open permit
RESIDENTIAL: FULL REVIEW - New Home or ADU - Less than 3,000 sq ft and below 5,000 ft elevation · 2023-09-05
Expired
No Work. ATF Jr ADU. 497 sf
Permit #BLD23-05445
RESIDENTIAL: FULL REVIEW - New Home or ADU - Less than 3,000 sq ft and below 5,000 ft elevation · 2023-08-23
Ready to Issue
ATF ADU ATF Remodel (Kitchen)---------95 sf ADU TOTAL SIZE 884 SF MAIN HOUSE SIZE 2706 SF The upper floor was converted to an ADU by adding a stove. Project requires impact fees and fee for a kitchen remodel. Kitchen to comply with 2022 CA Code requirements
Permit #BLD23-05228
Building/Residential/Full Review/NA
DONE
Permit #TCON 3158
Building/Residential/Full Review/NA
DONE
Permit #TCON 56028
Building/Residential/Full Review/NA
DONE
Permit #TCON 8834-1
Building/Residential/Full Review/NA
DONE
Permit #TCON 11956
Building/Residential/Full Review/NA
DONE
Permit #TCON 70448
Building/Residential/Full Review/NA
DONE
Permit #TCON 70273
Building/Residential/Full Review/NA
DONE
Permit #TCON 12108
Building/Residential/Full Review/NA
DONE
Permit #TCON B98659

Public permit records from the Placer County permit portal, last checked 2026-08-22. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($490,000)
Home price
$2,450,000
Loan details
30-yr fixed, 6.5%
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