Hey Village 2-Bedroom Lookers, this is the one you've been waiting for! And even some of you, 3-Bedroom Lookers may want to check out Premier 304 First Ascent Peaks (1-304) as it is the largest Village 2-bedroom floorplan. You can't get any closer to the lifts, and it doesn't face any future development of the new village plan. And there's room for the family to spread out or for entertaining in the expansive living area and large U-shaped kitchen with plenty of counter and cabinet space and breakfast bar. Two sets of double French doors open to views Headwall to Shirley Canyon and the flanks of KT. Two spacious bedrooms and two large baths with double vanities, soaker tubs and separate showers. Great rental history with Premier status in Palisades Tahoe Hospitality onsite rental program.
Listed by Suzanne Gale — COMPASS
Listing Details
StatusActive
MLS #20261346
Days on Market80
Price/Sq Ft$1,340
Property History
Jul 02, 2026
Listed for sale
$1,650,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Oct 2020
· via MLS history
$1,039,000
—
—
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.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Yellow Zone
STRUCTURAL SCOREStandard
50
PROJECTED GROSS ANNUAL REVENUE
$25K – $55Ktypically ~$35,000
~$2,917 per month
Avg Nightly
$180
Occupancy
53%
Cap Rate
0.8%
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.
STR Investment Summary — 1995 Olympic Valley Road #304 (1-304), Olympic Valley
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
1 open permit
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-11-26
Issued
ATF permit Call Brian Lee for access at 530-320-8510 or Jeff at 530-320-0792 (onsite). Interior remodel of condo--------------889sf mc Remodel kitchen and 2 full bathrooms, add laundry area in one bathroom, new lighting throughout, and relocate electrical sub panel from kitchen to bedroom. Must maintain all fire rated assemblies in applicable walls and ceiling. Fire Sprinkler yes. No structural changes. Smoke/CO affidavit required SB407 required
Permit #BLD25-07852
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-08-12
Construction Complete
Interior remodel of bathroom and kitchen. The shower will be replaced in the bathroom and a new 240V circuit will be added for the washer/dryer area. ALT MATERIALS: Oatey sure-vent JC 10/2/24
Remodel Unit B1-202 Remodel Living----------------------------------1,000 sf Bathroom - 2 Kitchen - 1 NO ADDITIONS OR MODIFICATIONS TO THE HVAC IS INCLUDED IN THIS PERMIT GAS TYPE: Propane WORK LOCATION: Interior Only TYPE / FEET / SIZE OF PIPE: NA; only propane is to fireplace insert and we are not part of the project (not accessing) EQUIPMENT SERVICED: fireplace insert EQUIPMENT DEMAND: 25000 REVISION 10/25/2024: 1. Replace balcony doors. 2. Install new fireplace insert. 3. Replace LVP with engineered wood. 4. Install mini-split A/C (11/14/2024). -TAL
Permit #BLD23-05380
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.
