$649,998 Active
1880 Village South Road #3-332
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.
1 Beds
·
574 Sq Ft

About This Property

Adorable and beautifully updated, this charming condo is ideally located in the heart of The Village at Palisades Tahoe. Perched just above Rockr and only steps from the gondola, this highly desirable residence offers the ultimate ski-in/ski-out lifestyle.Thoughtfully refreshed with upgraded light fixtures, designer paint, new shutters, updated artwork, a new A/C unit (2026), and a new sleeper sofa, the home also features newer furnishings throughout the main living area. The spacious kitchen offers ample storage and workspace, complemented by modern décor that creates a warm, inviting mountain retreat. Step onto your private balcony to enjoy fresh alpine air and watch Village concerts and events from the comfort of home. Residents enjoy an exceptional collection of premium amenities, including a private owner's ski locker, heated underground parking, multiple hot tubs, sauna, a fully equipped fitness center, and exclusive media rooms reserved for Village owners and their guests. Just minutes from the crystal-clear waters of Lake Tahoe, you'll enjoy year-round recreation, including boating, paddleboarding, hiking, biking, beaches, and breathtaking alpine scenery. Whether you're seeking an unforgettable vacation getaway, a year-round mountain retreat, or an outstanding investment opportunity, this exceptional condo offers the very best of mountain living with the beauty and adventure of Lake Tahoe just moments away.

Listed by Russell Ford — Ellington Properties

Listing Details

Status Active
MLS # 20261588
Price/Sq Ft $1,132

Property History

Jul 31, 2026
Listed for sale
$649,998

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2020 · county record $345,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 1
Sq. Ft. 574
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096651027000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project, Rental History, Ski In/Ski Out
View Panoramic, Mountain(s), Ski Resort
Utilities & Systems
Heating Radiant, In Floor
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 1880 Village South Road #3-332, Olympic Valley

Est. Annual Revenue
$45,776
Avg Nightly Rate
$228
Projected Occupancy
55.0%
Cap Rate
2.8%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Olympic Valley. Revenue projections are estimates and may vary.

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% ($130,000)
Home price
$649,998
Loan details
30-yr fixed, 6.5%
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