$1,499,000 Active
1540 Olympic Valley Road
Olympic Valley, CA 96161
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
3 Beds
·
2.5 Baths
·
1,250 Sq Ft

About This Property

Location is the one thing you can never change and this property places you exactly where you want to be. Situated in the heart of Olympic Valley, this three bedroom, two bath home offers an exceptional vantage point with views rarely found from the Village. Look down the valley toward KT-22, Red Dog, the Tram Face, and the Village, or across the valley toward the Everline Resort golf course. Surrounded by the dramatic beauty of the Sierra Nevada, this home is truly special in every season. In winter, cozy up by the fireplace and watch the snow fall through expansive picture windows. After a morning on the slopes, return home for lunch before heading back out for an afternoon on the mountain. Throughout the year, captivating sunrises and breathtaking sunsets provide an ever changing natural backdrop from morning to night. Enjoy the unmatched convenience of living in the heart of Olympic Valley, with hiking and biking trails right at your fingertips. Whether you are looking for a primary residence, vacation retreat, or income-producing property, this home presents an incredible opportunity to embrace everything the valley has to offer. When Palisades Tahoe comes alive with celebrations, events, and activities, you will be right in the middle of it all. A classic Olympic Valley chalet, the home is ready for its next chapter and a fresh vision. Enjoy it as it is today or thoughtfully reimagine it to create a mountain retreat uniquely your own.

Listed by Chelsea Prado — Allison James Estates & Homes

Listing Details

Status Active
MLS # 20261815
Days on Market 8
Price/Sq Ft $1,199

Property History

Aug 29, 2026
Listed for sale
$1,499,000
Property Overview
Beds 3
Baths 2.5
Sq. Ft. 1,250
Year Built 1956
Property Type Single Family Residence
Style Chalet
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096101005
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Mountain(s), Golf Course, Ski Resort, Meadow
Construction Frame
Roof Composition
Utilities & Systems
Heating Propane, Wood Stove
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$25K – $55K typically ~$35,000
~$2,917 per month
Avg Nightly
$177
Occupancy
54%
Cap Rate
0.9%

STR Investment Summary — 1540 Olympic Valley Road, Olympic Valley

Est. Gross Annual Revenue
$25K – $55K
typically ~$35,000
Avg Nightly Rate
$177
Projected Occupancy
54.1%
Cap Rate
0.9%
Structural Score: 50 / 100 (Standard) · 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 expired permit
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2020-08-25
Expired
Remove wood shake, Install composition shingle, color: grey 13 square
Permit #BLD20-04213
Building/Residential/Full Review/NA
DONE
Permit #TCON 6561-1
Building/Residential/Full Review/NA
DONE
Permit #TCON 80492

Public permit records from the Placer County permit portal, last checked 2026-08-30. 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% ($299,800)
Home price
$1,499,000
Loan details
30-yr fixed, 6.5%
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