$785,000 $845,000 ↓ $60,000 reduced Active
227 Olympic Valley Road #50
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
·
1,634 Sq Ft

About This Property

Hot Tahoe Opportunity | STR-Friendly + Fully Turnkey Welcome to one of Tahoe’s best opportunities where mountain lifestyle, rental potential, and easy ownership come together in one turnkey condo. Tucked into the trees at Tavern Inn, this beautifully updated upper-level condo is just minutes from Palisades Tahoe, Lake Tahoe, hiking, biking, dining, and year-round adventure. Inside, the bright and inviting living space features vaulted ceilings, a cozy fireplace, and a private deck overlooking peaceful wooded views. The spacious loft adds flexibility for extra guests, entertaining, or a work-from-home setup. Remodeled sleek home with convient, in-unit laundry, detached garage, and furnishings included—just bring your toothbrush and start enjoying Tahoe immediately. Summer here is unbeatable, with easy access to concerts and events at Palisades Tahoe, farmers markets, outdoor dining, mountain biking, hiking trails, and lakeside evenings. Owners and guests also enjoy resort-style amenities including a pool, spa, sauna, and tennis courts. 2 bikes are already there for you to hop on and enjoy this incredible weather and come with the condo! Turnkey, STR-friendly, and ready to enjoy—this is the Tahoe getaway buyers have been waiting for.

Listed by Kaili Sanchez — COMPASS

Listing Details

Status Active
MLS # 20260392
Days on Market 180
Price/Sq Ft $480

Property History

Mar 24, 2026
Listed for sale
$845,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2020 · via MLS history $650,000

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 2
Baths 2.0
Sq. Ft. 1,634
Year Built 2000
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096460053000
Parking
Garage Spaces 1
Parking Features One, Detached, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Common Area, Landscaped, Tennis Court
View Trees/Woods, Mountain(s), Ski Resort
Roof Composition
Foundation Concrete Perimeter
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating CFAH
Financial
HOA Fee $1,367 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s)
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
67
PROJECTED GROSS ANNUAL REVENUE
$25K – $60K typically ~$50,000
~$4,167 per month
Avg Nightly
$249
Occupancy
55%
Cap Rate
2.5%

STR Investment Summary — 227 Olympic Valley Road #50, Olympic Valley

Est. Gross Annual Revenue
$25K – $60K
typically ~$50,000
Avg Nightly Rate
$249
Projected Occupancy
55.0%
Cap Rate
2.5%
Structural Score: 67 / 100 (Premium) · STR Zone: Yellow

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.

Building Permit History

Placer County permit records for this parcel

4 open permits
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2026-09-08
Issued
LP FAU CHANGE OUT 45K BTUS, USE EXISTING POWER & DUCTWORK. NEW / REPLACEMENT: Replace Existing # OF SYSTEMS: null DUCT AFFECTED: 0 SYSTEM TYPE: Split System
Permit #BLD26-06339
Full review Revision · 2026-06-01
Approved
Additional bedroom upstairs in lieu of bedroom with loft
Permit #BLD25-08248-REV001
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-12-16
Issued
Remodel.....................1539 sf Interior remodel of entire condo. Interior walls will be relocated, additional bathroom upstairs, all new finishes and fixtures throughout. All conditioned 1,539 SF to remain as is.
Permit #BLD25-08248
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-10-16
Issued
Demo Permit Only Interior, non-structural, demo of condo residence. Removal of kitchen, bathrooms, flooring, drywall. Proposed remodel plans to be submitted under separate permit.
Permit #BLD25-06961
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2025-02-25
Construction Complete
NG FAU CHANGE OUT 70K BTUS. USE EXISTING ELECTRICAL AND DUCTWORK. NEW / REPLACEMENT: Replace Existing # OF SYSTEMS: 1 DUCT AFFECTED: 0 SYSTEM TYPE: Split System
Permit #BLD25-00958
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-07-10
Construction Complete
Divide bathroom & install toilet in master bath.
Permit #BLD24-03777
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-07-09
Construction Complete
Replace existing wood deck with extended deck to cover lower deck and prevent ice and snow build-up on lower deck by back entry door.
Permit #BLD24-03762
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-04-30
Construction Complete
Remove and replace existing stairway.
Permit #BLD24-02153
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-02-15
Construction Complete
REMODEL: Remodel of 170 sf: Kitchen, Hallway, 2 bathrooms, and gas fireplace change out (like and kind, no changes to existing gas line).
Permit #BLD24-00670
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-01-31
Construction Complete
Replace old heater NEW / REPLACEMENT: Replace Existing # OF SYSTEMS: 1 DUCT AFFECTED: 0 SYSTEM TYPE: Package Unit
Permit #BLD24-00439
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-01-10
Construction Complete
remove and dispose of the current 90% efficiency down-flow furnace located in the mechanical closet due to its age. install a new York M# TM9Y040A10MP11 in the same location. This is a 96% 2 stage high efficiency furnace with a BTU input of 40,000. NEW / REPLACEMENT: Replace Existing # OF SYSTEMS: 1 DUCT AFFECTED: 0 SYSTEM TYPE: Package Unit
Permit #BLD24-00155
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Expired
Unit 48 Drywall tape repairs.
Permit #BLD23-05660
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Construction Complete
Unit 47 Like-for-like drywall repairs and insulation.
Permit #BLD23-05659
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Construction Complete
Unit 36 Like-for-like Drywall repairs and batt insulation.
Permit #BLD23-05658
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Construction Complete
Unit 8 Drywall repairs, batt insulation.
Permit #BLD23-05655
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Expired
Unit 15 Like-for-like drywall repairs and Batt insulation.
Permit #BLD23-05656
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Expired
Unit 25 Like-for-Like Drywall repairs and batt insulation.
Permit #BLD23-05657
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-09-13
Expired
Unit 55 Like-for-like drywall repairs and insulation.
Permit #BLD23-05662
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2023-07-13
Construction Complete
CHANGE OUT 15 WINDOWS, LIKE FOR LIKE, RETROFIT FIBREX # WINDOWS BEING REPLACED: 15 FRAME TYPE: Vinyl RETROFIT WINDOWS: Yes SIZE CHANGES: No REVISION - ADDING 1 WINDOW AND 1 PATIO DOOR TO SCOPE OF WORK. LIKE FOR LIKE. NEW SCOPE - 16 WINDOWS AND 1 PATIO DOOR. RGH 12/5/2023 Contact states these are to be nail fin windows
Permit #BLD23-04207
COMMERCIAL: FULL REVIEW - New Structures, Tenant Improvements, and Accessories · 2023-03-02
Construction Complete
Remove damaged stairway and replace like and kind.
Permit #BLD23-01013
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-07-06
Construction Complete
Removal of old fireplace and installation of new woodburning fire place Model: Superior WRT3920WS EPA 2020 certified
Permit #BLD22-04162

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
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% ($157,000)
Home price
$785,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
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CA DRE# 02235314 NV B.1003327.LLC

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