$595,000
Active
1985 Olympic Valley Road #418
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
·
1.0
Baths
·
580
Sq Ft
About This Property
One Bedroom Top Floor Condo at the Village at Palisades Tahoe. Right at the base of Palisades Tahoe Ski Area. Steps to the Cable Car, Funitel, Base to Base Gondola, KT Lift, the "Big Tree" and all the shops and restaurants at the foot of the mountain. Super convenient and warm underground parking and bike storage right below your condo building. Comfortable lobby with fireplace and pool table with direct access to the coffee shop, work out room with dry sauna, shower and two outdoor hot tubs with spectacular mountain views of Tram Face and KT.
Listed by Jeff Cleeland — COMPASS
Listing Details
Status
Active
MLS #
20262019
Days on Market
1
Price/Sq Ft
$1,026
Property History
Sep 25, 2026
Listed for sale
$595,000
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2015 · county record | $300,000 | 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.
Property Overview
Beds
1
Baths
1.0
Sq. Ft.
580
Year Built
2002
Property Type
Residential
Style
Mountain
Subdivision
Olympic Valley
County
Placer
STR Jurisdiction
Placer County
APN
096652015000
Parking
Garage Spaces
1
Parking Features
One, Heated Garage, Insulated, Garage Door Opener
Attached Garage
Yes
Exterior & Lot
Lot Features
Ski Trail
View
Mountain(s)
Foundation
Concrete Perimeter
Utilities & Systems
Heating
Hydronic, In Floor
Financial
HOA Fee
$1,832 / Monthly
HOA & Community
Community Amenities
Pool, Down Hill Skiing, Exercise Equipment
STR Investment Analysis
Permitted Zone
STRUCTURAL SCORE
Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K
typically ~$142,500
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%
Building Permit History
Placer County permit records for this parcel
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-03-20
Issued
Remodel kitchen new cabinets, appliances fixtures in existing locations. remodel bath 2 new finishes existing locations. remodel primary bath new finishes existing location with exception of washer dryer to take place of existing tub. washer dryer approved by HOA to be ventless and 110 volt flooring throughout condo.
Permit #BLD25-01490
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-02-25
Construction Complete
Remodel to include kitchen, bath and paint.
Permit #BLD25-00984
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-09-24
Construction Complete
Kitchen and 3 Bathroom Remodel--- 277SF
Permit #BLD24-05591
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2024-05-01
Expired
Remove and replace 2 glass balcony doors - 1 in each condo: Units 2-114 and 2-412. Like for like sizes, colors, materials. No structural alteration to the condo, and no exterior design change.
Permit #BLD24-02215
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-07-19
Construction Complete
Interior Remodel. Remodel living space 1280, 3 bathrooms, and kitchen.
Permit #BLD23-04319
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2023-06-21
Construction Complete
Mini-split heat pump installation for air conditioning (AC) NEW / REPLACEMENT: New Installation # OF SYSTEMS: 1 DUCT AFFECTED: 0 SYSTEM TYPE: Split System REVISION 4/18/2024: Owner addressing issues noted by the HOA and will be submitting documentation to S. Adcock. -TAL
Permit #BLD23-03723
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2022-07-20
Construction Complete
Water damage repairs - sheetrock, insulation, countertops, finish plumbing, finish electrical, paint, flooring NO CABINET REPLACEMENT ALLOWED ON THIS PERMIT SB407 and CF2R LTG required at final
Permit #BLD22-04506
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2022-07-20
Construction Complete
Water damage repairs - sheetrock, insulation, countertops, finish plumbing, finish electrical, paint, flooring NO CABINET REPLACEMENT ALLOWED ON THIS PERMIT SB407 and CF2R-LTG required at final
Permit #BLD22-04505
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2022-07-01
Construction Complete
Water damage repair: drywall (ceiling: 2 layers 5/8 w RC channel, common walls: 2 layers 5/8), insulation, cabinets, countertops, finish electrical, finish plumbing, flooring, paint UNIT 324 Area of Work ----------948sf Bathrooms ------2ea Kitchens ---------1ea SB-407 is required CF1R-ALT-05-E to be provided at 1st inspection CF2R-ALT-05-E is required at final inspection
Permit #BLD22-04079
COMMERCIAL: FULL REVIEW - New Structures, Tenant Improvements, and Accessories · 2022-06-21
Construction Complete
Repair concrete wall, repair wood frame wall above concrete wall
Permit #BLD22-03831
Public permit records from the Placer County permit portal, last checked 2026-09-26. 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% ($119,000)
Home price
$595,000
Loan details
30-yr fixed, 6.5%
