Two story penthouse in the Resort at Squaw Creek- a mountain resort. World class amenities and activities. Easy access to Lake Tahoe. Breathtaking ski area, golf course and valley views from large two story windows in the living room. Unique kitchen with full size appliances. Two bedrooms and two and one half bathrooms in main penthouse unit and attached lock-off studio with a bedroom and a bathroom.
Listed by Roland Lawrence — Lawrence Realty
Listing Details
StatusActive
MLS #20241188
Days on Market822
Price/Sq Ft$1,013
Property History
Jun 20, 2024
Listed for sale
$2,195,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Oct 2022
· county record
$1,495,000
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.
Community AmenitiesPool, Tennis Court(s), Golf Course, Cross Country Skiing, Down Hill Skiing, Exercise Equipment
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STR Investment Analysis
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Yellow Zone
STRUCTURAL SCOREPremium
55
PROJECTED GROSS ANNUAL REVENUE
$30K – $70Ktypically ~$45,000
~$3,750 per month
Avg Nightly
$243
Occupancy
51%
Cap Rate
0.9%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS ANNUAL REVENUE
Avg Nightly
Occupancy
Cap Rate
Est. NOI
Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.
We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.
NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
Based on comparable vacation rental performance data for Olympic Valley. 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.
COMMERCIAL: FULL REVIEW - New Structures, Tenant Improvements, and Accessories · 2026-02-12
Issuance Requirements Pending
Remodel Bathroom in hotel room This is an ATF Schedule a senior inspector for the inspection Bathroom remodel-1 Unit number 738 Remove & Replace Carpet, Paint Walls & Trims, Demo existing wall tile in Bathroom. Tub to Shower conversion with new drain. Install new furniture and replace existing lighting.
Permit #BLD26-00821
COMMERCIAL: FULL REVIEW - New Structures, Tenant Improvements, and Accessories · 2025-11-19
Final Processing
Remodel unit 740 Bathroom remodel -1 Drywall only patched R-1 ocupancy This is an ATF Schedule a senior inspector for the inspection This permit ties together with BLD26-00821 Remove existing carpet and wall tile in bathroom. New paint on all walls and ceilings, install new carpet and install new wall tile in bathroom.
Permit #BLD25-07695
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-08-21
Issued
Condo Interior remodel Living----------------------590sf Kitchen Remodel Bath Remodel HVAC changeout Fireplace changeout Fire Sprinklers deferred INTERIOR REMODEL OF EXISTING CONDOMINIUM UNIT #608. THIS UNIT IS LOCATED ON THE 6TH FLOOR IN A BUILDING WITH 8 FLOORS. THE UNIT IS 590 SQ. FT. TOTAL. ALL PROPOSED WORK IS INTERIOR TO UNIT #608. NO PUBLIC SPACES OR EXITING IS AFFECTED. UPDATES INCLUDE REMODELED KITCHEN WITHIN EXISTING SPACE, REMODELED BATHROOM AND LIVING AREA. REPLACEMENT OF FIREPLACE AND HVAC UNIT.
Permit #BLD25-05528
Public permit records from the Placer County permit portal, last checked 2026-09-20. 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
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
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About Murat Gocmen
Managing Broker · Real Estate Tahoe
I didn't come to real estate through the typical path. I'm a builder first — someone who looks at problems, sees systems, and starts putting things together. Before I ever sold a home in Lake Tahoe, I was running businesses, building technology products, and figuring out how to make operations actually work. That mindset never left.
Today I operate across real estate, vacation rentals, and hospitality in and around North Lake Tahoe. I run MG Vacation Rentals, help buyers and sellers navigate one of the most competitive mountain markets in the country, and build the technology tools my team uses every day. I don't outsource the thinking — I'm in the numbers, the deals, and the details.
