Sold $480,000 $494,000 Closed
305 Olympic Court # A
Stateline, NV 89449

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SOLD 2025-10-29
Sold for $480,000 (listed at $494,000)
2 Beds
·
2.0 Baths
·
800 Sq Ft
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About This Property

Discover your perfect turn-key Lake Tahoe Mountain retreat! Heavenly Sky Cabin, an elegant and beautifully appointed condo designed by Bob Ostrow, offers an authentic cabin experience with modern luxuries, ideal for year-round adventure seekers. This meticulously designed spacious feeling 800 sq ft condo, instantly immerses you in a warm, wooded cabin ambiance. Custom made wood adorns the walls, floors, and cabinetry throughout, creating a truly authentic mountain feel. No ordinary sheetrock here. While exuding rustic charm, this cabin is equipped with all the contemporary conveniences you desire. Indulge in relaxation with a large private 2-person jetted jacuzzi tub, rainfall shower heads, waterfall faucets, and heat lamps in both bathrooms. The fully equipped kitchen features granite countertops, stainless GE appliances, and rich cherry cabinets. The dining room is full-sized seating 6-8 guests at a rustic table with cowhide chairs. Unwind watching the fire dance in the stone gas log fireplace while relaxing on the huge new sectional sofa. Put your feet up on the knotty aspen coffee table, while enjoying the remote-operated 37-inch smart HDTV with Blue Ray player. A full-sized washer and dryer are also included for your convenience. Enjoy unparalleled access to world-class skiing and snowboarding at Heavenly. Heavenly Stagecoach and Boulder lifts are just 3 minutes away or easily accessible via a free resort shuttle at the corner of Tramway and Olympic Ct. In warmer months, immerse yourself in summer activities like hiking, biking, kayaking, swimming, and paddleboarding on the lake. Plus, you'll be within walking distance of the brand-new Tahoe Village pool, hot tub, and clubhouse with lake views, to be completed early 2026. For the savvy investor, this property boasts a proven rental history via VRBO and Air BnB, generating an impressive rental income from January 1, 2022, to today, July 12, 2025. Wake up to breathtaking sunrises off your large private deck, overlooking filtered mountain views of Carson Valley. This is more than a condo; it's your gateway to the ultimate Lake Tahoe lifestyle and a smart investment opportunity.

Listed by James Wire — Chase International - ZC

Listing Details

Status Closed
MLS # 250053680
Sold Date 2025-10-29
Sold Price $480,000
Price/Sq Ft $618

Property History

Jul 26, 2025
Listed for sale
$499,000
Current
Sold
$480,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 800
Stories 2
Year Built 1974
Property Type Condominium
Subdivision Tahoe Village
County Douglas
STR Jurisdiction Douglas County
APN 1319-30-529-001
Parking
Total Parking 1
Parking Features Common
Exterior & Lot
Exterior Features None
Lot Features Sloped Down
View Trees/Woods, Valley
Construction Wood Siding
Roof Composition, Pitched
Foundation Concrete Perimeter
Utilities & Systems
Heating Forced Air, Natural Gas
Financial
Annual Tax $1,882
HOA Fee $2,180 / Annually
HOA / Community Tahoe Village Homeowners Association
Schools
Elementary School Zephyr Cove
Middle School Whittell High School - Grades 7 + 8
High School Whittell - Grades 9-12
HOA & Community
Community Amenities Parking, Pool, Spa/Hot Tub, Storage

STR Investment Summary — 305 Olympic Court # A, Stateline

Est. Gross Annual Revenue
$25K – $70K
typically ~$40,000
Avg Nightly Rate
$212
Projected Occupancy
51.7%
Cap Rate
3.2%
Structural Score: 64 / 100 (Premium) · STR Zone: Green

Based on comparable vacation rental performance data for Stateline. 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

Standard homeowners policy for this home

$800 – $1,200/yr
about $83/mo
Est. Rebuild Cost (Coverage A)
$240,000

Estimate from an estimated rebuild cost at standard-market rates. Not a bindable quote; get a local broker quote for accuracy.

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