$5,700,000 Active
3090 River Road
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.
6 Beds
·
4.0 Baths
·
4,334 Sq Ft

About This Property

3090 River Road — "The Year-Round Playground" Stretching across 84.5 acres bordering the Tahoe National Forest and the Truckee River, 3090 River Road is a historic riverfront estate of extraordinary scale — three legal parcels, three existing structures, and approximately 425 linear feet of Truckee River frontage, all positioned on the quiet, forest side of Olympic Valley, sheltered from highway noise and traffic. The last time this estate changed hands was over 110 years ago, in 1916. 84.5 acres across three separate legal parcels represents a land position that simply cannot be assembled in this location today. Parcel 1: 3.9 acres. Parcel 2: 72.7 acres. Parcel 3: 7.9 acres. The back border of this property stretches 3/4 of a mile. The configuration, the frontage, the utilities, and the location create a canvas of remarkable versatility for the visionary buyer: a private legacy compound, a generational family retreat, or a thoughtfully developed luxury project. Three structures — approximately 4,334 total square feet — sit ready for occupancy, renovation, or reimagining. The main residence spans approximately 2,773 square feet with 4 bedrooms and 2 bathrooms, featuring classic Tahoe craftsmanship and a stone chimney. An 887-square-foot guest cottage and a 674-square-foot caretaker's cottage round out the compound, with existing tenancy in place and flexibility for guests, staff, or extended family use. Few properties in the region can match this one for year-round access to the Tahoe lifestyle. In summer, fish or float the Truckee River right out your back door. In winter, snowshoe or snowmobile from your front door, or be on the slopes at Palisades Tahoe in under 5 minutes. Bike to the lake across the river, or access a huge network of mountain bike trails from your property. Spring wildflower blooms unfold across your own acreage. World-class golf and the beaches of Lake Tahoe are minutes away. Less than 5 minutes to Palisades Tahoe — home to North America's premier ski terrain. Less than 10 minutes to Tahoe City and the North Shore. Less than 15 minutes to downtown Truckee. Less than 45 minutes to Reno-Tahoe International Airport. The estate is positioned at the center of everything the Tahoe/Truckee region offers while remaining entirely removed from the crowds that chase it. Perhaps the most underappreciated attribute of this estate is what runs beneath it. The property is connected to the local PUD sewer and water system — an exceptionally rare distinction for any Truckee River property, especially on this side of the river. Add electric service, high-speed internet, propane, and a natural spring on the property, and you have infrastructure that most large acreage parcels in this region simply cannot match. The hard work has already been done. Opportunities of this scale, in this location, do not wait. Qualified buyers are invited to reach out directly for a private tour and full disclosure package.

Listed by Sean Collins — Truckee River Homes

Listing Details

Status Active
MLS # 20261448
Price/Sq Ft $1,315

Property History

Jul 13, 2026
Listed for sale
$5,700,000
Property Overview
Beds 6
Baths 4.0
Sq. Ft. 4,334
Lot Size 84.50 acres
Year Built 1916
Property Type Single Family Residence
Style Old Tahoe
Subdivision Truckee River
County Placer
STR Jurisdiction Placer County
APN 096320017
Parking
Parking Features None
Exterior & Lot
View Trees/Woods, Mountain(s), Ski Resort, Water
Construction Log, Wood Siding
Roof Composition, Metal
Foundation Pillar/Post/Pier, Concrete Perimeter, Slab

STR Investment Summary — 3090 River Road, Olympic Valley

Est. Annual Revenue
$182,412
📲
See the full STR projection in the app
Average nightly rate, occupancy rates & monthly revenue graphs — plus this home's building-permit history and more. Free in the Real Estate Tahoe app.
Download →

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% ($1,140,000)
Home price
$5,700,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message