1880 Village South Road #3-332, Olympic Valley, CA 96146
$649,998
Active
1880 Village South Road #3-332
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.
1Beds
·
1.0Baths
·
574Sq Ft
About This Property
Adorable and beautifully updated, this charming condo is ideally located in the heart of The Village at Palisades Tahoe. Perched just above Rockr and only steps from the gondola, this highly desirable residence offers the ultimate ski-in/ski-out lifestyle.Thoughtfully refreshed with upgraded light fixtures, designer paint, new shutters, updated artwork, a new A/C unit (2026), and a new sleeper sofa, the home also features newer furnishings throughout the main living area. The spacious kitchen offers ample storage and workspace, complemented by modern décor that creates a warm, inviting mountain retreat. Step onto your private balcony to enjoy fresh alpine air and watch Village concerts and events from the comfort of home. Residents enjoy an exceptional collection of premium amenities, including a private owner's ski locker, heated underground parking, multiple hot tubs, sauna, a fully equipped fitness center, and exclusive media rooms reserved for Village owners and their guests. Just minutes from the crystal-clear waters of Lake Tahoe, you'll enjoy year-round recreation, including boating, paddleboarding, hiking, biking, beaches, and breathtaking alpine scenery. Whether you're seeking an unforgettable vacation getaway, a year-round mountain retreat, or an outstanding investment opportunity, this exceptional condo offers the very best of mountain living with the beauty and adventure of Lake Tahoe just moments away.
Listed by Russell Ford — Ellington Properties
Listing Details
StatusActive
MLS #20261588
Days on Market51
Price/Sq Ft$1,132
Property History
Jul 31, 2026
Listed for sale
$649,998
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Jan 2020
· via MLS history
$345,000
—
—
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.
Lot FeaturesCondo/PUD Project, Rental History, Ski In/Ski Out
ViewPanoramic, Mountain(s), Ski Resort
Utilities & Systems
HeatingRadiant, In Floor
📊
STR Investment Analysis
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Yellow Zone
STRUCTURAL SCOREStandard
52
PROJECTED GROSS ANNUAL REVENUE
$30K – $60Ktypically ~$45,000
~$3,750 per month
Avg Nightly
$224
Occupancy
55%
Cap Rate
2.8%
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 — 1880 Village South Road #3-332, 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
3 expired permits
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-03-19
Construction Complete
Reconfigure kitchen, upgrade lighting and existing bathroom **Unit in the Village at Palisades Building, may require either a fully accessible or adaptable code standard since they were constructed after 1992**
Permit #BLD24-01275
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-02-26
Construction Complete
Kitchen and bath remodel for a condo in the Palisades Village. Removal of tub/shower replace w/ walk in shower. Small electric upgrades. Replace cabinetry.
OUTSOURCED PLANS/DOCS FOR REVIEW/APPROVAL TO CSG, INC. Demo kitchen and bath, new cabinets, countertops, appliances, flooring plumbing and electrical upgrades.
Remove existing layers of comp & sheet metal accessories, install new GAF Stormguard over 100% of the roof deck. Additionally secondary layer of GAF Tigerpaw will be mechanically attached & installed over the Stormguard. Install new GAF Timberline UHD in Barkwood Color. 268 squares. Building 3
Permit #BLD20-03845
COMMERCIAL: New Structures, Tenant Improvements, and Accessories · 2018-08-16
Construction Complete
Exercise Room for Condos 435 SF plus 2 bathrooms @ 128 SF & 77 SF Verified 8/21/18 DCB Accessibility upgrade to existing pace which is not changing size or use. New floor and wall finishes are also included. THIS PROJECT IS CONSIDERED "BARRIER REMOVAL" FOR THE PURPOSE OF ACCESSIBILITY. NO ACCESSIBILITY WORKSHEET REQUIRED. DCB
Permit #BLD18-03843
Commercial - Full Review · 2014-10-21
Construction Complete
REMOVE/REPLACE THREE ANTENNAS INSIDE CUPOLA ADD RADIOS IN EQUIPMENT ROOM
Permit #BLD14-02570
Building-Non-SFD · 2013-06-05
Construction Complete
CONVERTING TWO CONDO UNITS INTO ONE CONST TYPE: V-A SPRINKLERED UNIT 350 AND 450 --COMBINED 1938sf **REINSPECTION FEE PAID 11/27/13**
Permit #527547
Commercial - Full Review · 2009-11-24
DONE
COMMERCIAL ELECTRIC ADD CIRCUITS FOR CERAMIC KILNS Provide field inspector with install specs. of kiln in the field.
Permit #0300 35880.09
Commercial - Full Review · 2006-06-16
DONE
TI for Village Realty Valuation- $15,000.00
Permit #TCAA 120751.06
Commercial - Full Review · 2005-05-23
DONE
Add Cabinets for liqour storage @ High Sierra grill Value: $10,000 Seismic- $2.10
Permit #TCAA 119184.05
Residential Limited Plan Review · 2004-07-07
DONE
Connect two adjoining condos Valuation-$115,000.00 Seismic- $24.15
Permit #TRAA 117853.04
Building/Residential/Full Review/NA
DONE
Permit #TCON B113405
Building/Residential/Full Review/NA
DONE
Permit #TCON B114383
Building/Residential/Full Review/NA
DONE
Permit #TCON B-114461
Building/Residential/Full Review/NA
DONE
Permit #TCON B114515
Building/Residential/Full Review/NA
DONE
Permit #TCON B115446
Building/Residential/Full Review/NA
DONE
Permit #TCON B113822
Building/Residential/Full Review/NA
DONE
Permit #TCON B113870
Building/Residential/Full Review/NA
DONE
Permit #TCON B115152-1
Building/Residential/Full Review/NA
DONE
Permit #TCON B-115653
Building/Residential/Full Review/NA
DONE
Permit #TCON B116122
Building/Residential/Full Review/NA
DONE
Permit #TCON B115991
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.
Your account is verified. Unlocking all premium content...
Something Went Wrong
We couldn't send the verification email. Please try again.
Listing and property information shown here is supplied by the MLS and other outside sources, including county assessor, TRPA and short-term-rental permit records. All information is deemed reliable but not guaranteed, is provided for consumers' personal, non-commercial use, and should be independently verified. Square footage, lot size, zoning, rental eligibility and permit status are approximate and subject to change.
