Sold $810,000 $895,000 Closed
1581 Olympic Valley Road #3
Olympic Valley, CA 96146

Get condos like this by email

When a condo like this lists in Olympic Valley at a similar price and size, we email you the same day. No account needed.

SOLD 2025-10-15
Sold for $810,000 (listed at $895,000)
2 Beds
·
2.0 Baths
·
988 Sq Ft
Virtual Tour

Own this home or one nearby?

What's this home worth today?

It sold for $810,000 on 2025-10-15, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

Priced by a local broker from real closed MLS sales near you. Free, no obligation.

Looking to buy instead? See similar homes for sale nearby ↓

Our data on this home

About This Property

Imagine living in the heart of Olympic Valley, home of the 1960 Winter Olympics and one of America' premier ski resorts for both winter and summer adventures. This condominium complex is a hidden gem that offers a rarely available opportunity to own a wonderful, Squaw Valley Meadows upstairs unit. The Palisades ski resort with its ski lifts, shops and restaurants are a short walk or drive away. The great room has a wall of windows offering exceptional views of the meadow, mountains and some of the Palisades resort ski hills. Located on the meadow side of Olympic Valley Road the view is unobstructed and quiet acrosss the golf course adjacent to the complex. Enjoy a drink on the deck while taking in the view. The real wood burning fire place adds a delightful ambiance. This remodeled unit features high ceilings for a greater sense of space. These well designed units feature an ensuite master bedroom, a guest bedroom and a guest bathroom. The kitchen area has large counter surfaces, newer cabinets and appliances as part of the remodel. There are views up to the top of the mountains from the bedrooms. Sit on the sofa bed in the second bedroom to imagine what it would be like to wake up to that view. The unit is being sold with all major furnishings so you can immediately begin enjoying life in Olympic Valley. There is an additional large storage locker located in the assigned covered carport and there is additional parking onsite. HOA fee is $1,997 per quarter and among the lowest in the Valley.

Listed by Bard Wilmar — Sierra Sotheby's Int Realty TC

Listing Details

Status Closed
MLS # 20250073
Sold Date 2025-10-15
Sold Price $810,000
Price/Sq Ft $906

Property History

Jan 19, 2025
Listed for sale
$995,000
Current
Sold
$810,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 988
Year Built 1985
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096102003
Parking
Parking Features Carport, Detached
Exterior & Lot
Lot Features Condo/PUD Project
View Mountain(s), Golf Course, Ski Resort, Meadow
Construction Frame
Utilities & Systems
Heating Electric
Financial
HOA Fee $1,997 / Quarterly

STR Investment Summary — 1581 Olympic Valley Road #3, Olympic Valley

Est. Gross Annual Revenue
$25K – $55K
typically ~$40,000
Avg Nightly Rate
$206
Projected Occupancy
53.3%
Cap Rate
1.8%
Structural Score: 60 / 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

$1,100 – $1,300/yr
about $100/mo
Est. Rebuild Cost (Coverage A)
$296,400
FAIR Plan (fire)
$900/yr
DIC wrap (theft, water, liability)
$200 – $400/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
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message