$1,885,000 $1,995,000 ↓ $110,000 reduced Active
1600 Christy Lane
Olympic Valley, CA 96146

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✓ STR Allowed — Permit Required
Placer County STR permit required. Eastern Placer cap of 3,900 permits (not reached) — new permits available until cap is reached.
More Lake Tahoe homes for sale where STRs are allowed →
4 Beds
·
2.0 Baths
·
1,648 Sq Ft
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Our data on this home

Short-term rental income $25K – $80K/yr Est. gross · $272/night · 50.4% booked Home insurance $2,500 – $2,900/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

The Premier location at Palisades Tahoe Ski Area with an original "Mountain Modern" house has spectacular views of KT22 and Red Dog! Designed by the renowned architect, Henrick Bull, this recently updated home and 2 car garage are located on a lush, oversized lot. Beautifully maintained, the property with mature landscaping, native plants, wildflowers and flowering gardens is set up as 2 separate apartments. The 2 separate apartments consist of 2 bedrooms , 1 bathroom and a full kitchen each. *In addition to the 2 - 2 bedroom, 2 bathroom apartments upstairs, there is separate entry downstairs to the "bonus room"; a 1 bedroom studio with a full bathroom and shaded deck. Walk or just a short drive to the Village at Palisades' activities, shops and restaurants. In winter, enjoy the free on-demand rides to skiing, snowboarding, the Village at Palisades and Alpine Meadows with "Mountaineer" shuttles.

Listed by Tamara McKinney — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20261495
Days on Market 96
Price/Sq Ft $1,144

Property History

Jul 18, 2026
Listed for sale
$1,995,000
Sep 03, 2026
Price reduced
$1,885,000 $1,995,000 ↓ $110,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,648
Lot Size 0.40 acres
Year Built 1960
Property Type Single Family Residence
Style Modern
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096122017000
Parking
Garage Spaces 2
Parking Features Two, Detached
Attached Garage Yes
Exterior & Lot
Lot Features Street, Rental History
View Mountain(s)
Construction Frame
Roof Composition
Foundation Concrete Perimeter
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 Premium
67
PROJECTED GROSS ANNUAL REVENUE
$25K – $80K typically ~$50,000
~$4,167 per month
Avg Nightly
$272
Occupancy
50%
Cap Rate
1.1%

STR Investment Summary — 1600 Christy Lane, Olympic Valley

Est. Gross Annual Revenue
$25K – $80K
typically ~$50,000
Avg Nightly Rate
$272
Projected Occupancy
50.4%
Cap Rate
1.1%
Structural Score: 67 / 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

$2,500 – $2,900/yr
about $225/mo
Est. Rebuild Cost (Coverage A)
$692,160
FAIR Plan (fire)
$2,100/yr
DIC wrap (theft, water, liability)
$400 – $800/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

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

$11,431 per month
Principal & interest
$9,532/mo
Property taxes
$1,674/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$225/mo
CA FAIR Plan + DIC estimate, ~$2,500–$2,900/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($377,000)
Home price
$1,885,000
Loan details
30-yr fixed, 6.5%
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