Sold $1,250,000 $1,595,000 Closed
1449 Sandy Way
Olympic Valley, CA 96146

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SOLD 2026-01-07
Sold for $1,250,000 (listed at $1,595,000)
6 Beds
·
4.5 Baths
·
3,293 Sq Ft
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About This Property

A unique mountain Triplex nestled in the heart of Olympic Valley on desirable Sandy Way. This distinctive property offers flexible living space on 0.41 acre, featuring a 3 bedroom main house on upper two levels and 2 apartments below: 2-bedroom, 1-bath apartment and a cozy 1-bedroom, 1-bath apartment-ideal for multi-generational living, rental income, or a combination of both. Inside the main house, the beautifully updated kitchen showcases rich wood cabinetry with crown molding, granite countertops, a full-height backsplash, under-cabinet lighting, modern appliances, and abundant storage. Enjoy beautiful views of the Sierra Nevada mountains, Red Dog Ridge and Poulsen's Gully from multiple decks, perfect for morning coffee or sunset gatherings. A charming exterior with a dramatic gambrel roofline, two-car garage and ample parking. Located just minutes from Lake Tahoe, world-class skiing at Palisades Tahoe, and vibrant Truckee dining and shopping, this property blends rustic charm with modern convenience and income potential. Don’t miss this rare opportunity to own a versatile mountain retreat in one of Tahoe’s most desirable settings!

Listed by Roland Lawrence — Lawrence Realty

Listing Details

Status Closed
MLS # 20251490
Sold Date 2026-01-07
Sold Price $1,250,000
Price/Sq Ft $484

Property History

Jul 02, 2025
Listed for sale
$1,695,000
Current
Sold
$1,250,000
Property Overview
Beds 6
Baths 4.5
Sq. Ft. 3,293
Lot Size 0.41 acres
Year Built 1979
Property Type Single Family Residence
Style Other
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096140025000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s), Ski Resort
Construction Frame
Roof Composition, Flat, Other
Foundation Concrete Perimeter
Utilities & Systems
Heating Propane, Baseboard, Hydronic, Radiant

STR Investment Summary — 1449 Sandy Way, Olympic Valley

Est. Gross Annual Revenue
$45K – $120K
typically ~$95,000
Avg Nightly Rate
$551
Projected Occupancy
47.2%
Cap Rate
2.4%
Structural Score: 68 / 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$5,200 – $6,000/yr
about $467/mo
Est. Rebuild Cost (Coverage A)
$1,383,060
FAIR Plan (fire)
$4,300/yr
DIC wrap (theft, water, liability)
$900 – $1,700/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
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