$999,000 Active
1985 Olympic Valley Road #2-216
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.
2 Beds
·
2.0 Baths
·
876 Sq Ft

About This Property

Nicely updated two bedroom in The Village at Palisades Tahoe, with an inviting main living area featuring a warm wood ceiling. The living room, highlighted by a stone fireplace, opens to a private balcony, perfect for enjoying an evening alpenglow over Shirley Canyon. Enjoy the slopeside experience, park you car for the weekend, boot up in the owner's ski locker room and hit the slopes. Village amenities include hot tubs, saunas, fitness rooms, a media room, billiards, a kids' play room, guest and owner ski lockers, bike storage, and underground parking. This unit is designated as a Premier residence in the Palisades Tahoe rental program, offering the potential for higher rental rates and an improved owner revenue split.

Listed by Chiara Gajar — Lawrence Realty

Listing Details

Status Active
MLS # 20261611
Days on Market 1
Price/Sq Ft $1,140

Property History

Aug 02, 2026
Listed for sale
$999,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 876
Year Built 2000
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096650013
Parking
Garage Spaces 1
Parking Features One, Attached, Other
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project, Rental History, Ski In/Ski Out
View Mountain(s)
Utilities & Systems
Heating Baseboard, Radiant
Financial
HOA Fee $2,103 / Monthly
HOA & Community
Community Amenities Exercise Equipment, Other/See Remarks
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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 — 1985 Olympic Valley Road #2-216, Olympic Valley

Est. Annual Revenue
$38,702
Avg Nightly Rate
$203
Projected Occupancy
52.3%
Cap Rate
1.5%
Structural Score: 53 / 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% ($199,800)
Home price
$999,000
Loan details
30-yr fixed, 6.5%
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