Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
6Beds
·
4.0Baths
·
3,482Sq Ft
About This Property
Beautiful home built in 1994 with 4Br 3 Ba in the main house and 2Br 1Ba living area under garage. Main floor has living/dining area, den with full bath, kitchen w/pantry, large sitting and enclosed bridge to garage. There is a large deck outside the kitchen and large sitting area. Lower floor has 3 Bedrooms with 2 Baths and a laundry area. There is an outdoor deck off of the lower area with a hot tub.
Listed by Roland Lawrence — Lawrence Realty
Listing Details
StatusActive
MLS #20261936
Days on Market9
Price/Sq Ft$646
Property History
Sep 11, 2026
Listed for sale
$2,250,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Dec 1999
· county record
$267,000
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.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Yellow Zone
STRUCTURAL SCOREPremium
62
PROJECTED GROSS ANNUAL REVENUE
$45K – $125Ktypically ~$100,000
~$8,333 per month
Avg Nightly
$577
Occupancy
48%
Cap Rate
1.7%
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 — 1141 Sandy Way, 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.
remove and replace 7 windows # WINDOWS BEING REPLACED: 7 FRAME TYPE: Wood RETROFIT WINDOWS: Yes SIZE CHANGES: No
Permit #BLD20-03467
Building-Residential Other · 2017-06-07
Construction Complete
CONVERT STORAGE TO LIVING. A SECOND UNIT IS BEING CREATED CHANGE OF USE; U TO R3 OCCUPANCY ADU; ACCESSORY DWELLING UNIT PER SB1069 EXISTING GARAGE/ STORAGE IS ATTACHED BY AN ENCLOSED BREEZEWAY TO MAIN DWELLING OCCUPANCY--------------R3 TYPE CONST--------------VB SPRINKLERS -------------NO WUI---------------------------NO Upper level garage conversion------------------299sf Basement level conversion----------------------742sf Total calculated------------------------------------1041sf Bear Bin required for each dwelling unit. Fire and Environmental health have not completed their reviews Corrections required. Emailed to Brad Altman at evolve design works. DCB 7/14/17 Placed in the processing basket. Corrections received and review complete. RTI pending other department approvals in Workflow. Placed in the process basket.
Permit #BLD17-02264
Building/Residential/Full Review/NA
DONE
Permit #TCON 68213
Public permit records from the Placer County permit portal, last checked 2026-09-13. 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.
