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For sale
  • $549,000

    227 Olympic Valley Rd #3, Olympic Valley, CA 96146

    1beds
    892sqft
    : 
    $4,701/mo
    Get pre-qualified
    Condo/Townhome/PUD
    Built in 1982
    -- sqft lot
    $527,500 Zestimate®
    $615/sqft
    $1,159/mo HOA

    What's special

    Swimming poolCozy fireplaceDownstairs corner unitThoughtful layoutPeaceful pine forest viewsAdded privacyGood size kitchen
    Welcome to your mountain retreat in the heart of Olympic Valley (formerly Squaw Valley), where year-round adventure meets effortless alpine living. This desirable downstairs corner unit at Tavern Inn offers a spacious 1-bedroom, 2-bath floor plan with added privacy, easy access, and outstanding potential to create your dream Tahoe getaway. Inside, the open-concept living area is warm and inviting, featuring a cozy fireplace, peaceful pine forest views, and good size kitchen. The thoughtful layout is perfect for gathering with family and friends after a day on the slopes or enjoying a quiet evening surrounded by nature. This property is an exceptional opportunity for investors or buyers looking to add value. With solid bones and an ideal floor plan, it's ready for a stylish remodel that can maximize both enjoyment and future appreciation in one of Tahoe's most sought-after mountain communities. Located just minutes from Palisades Tahoe, you'll enjoy quick access to world-class skiing and snowboarding, scenic hiking and mountain biking trails, championship golf, and the crystal-clear waters of nearby Lake Tahoe for boating, paddle boarding, and beach days. During ski season, the complimentary Mountaineer on-demand shuttle provides door-to-door transportation throughout Olympic Valley, making it easy to reach the slopes, restaurants, and local events without ever moving your car. Residents also enjoy outstanding HOA amenities, including a swimming pool, hot tubs, saunas, tennis and pickle ball courts. The neighboring county park offers a playground and soccer field, while the adjacent paved bike path provides a beautiful ride to Tahoe City or the vibrant Palisades Village, home to year-round dining, shopping, concerts, and festivals. Everyday conveniences are close at hand, with a 7-Eleven just a short walk away. Whether you're searching for a full-time mountain residence, a vacation retreat, or an investment property with tremendous upside, this Tavern Inn condominium offers an outstanding opportunity to enjoy—and enhance—the very best of the Lake Tahoe lifestyle. Current tenant lives there until 9/2/26.
    43 days
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    131
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    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    C. Kelly Smith 530-546-8224,

    Centr-21 Tahoe North, Realtors

    Source: TSMLS,MLS#: 20261358MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 2
      Features
      • Flooring: Carpet
      • Has fireplace: No
      Interior area
      • Total structure area: 892
      • Total interior livable area: 892 sqft

      Property

      Parking
      • Parking features: None
      Features
      • Levels: One
      • Has view: Yes
      • View description: Meadow
      Lot
      • Features: Street
      • Topography: Level
      Details
      • Parcel number: 096460003000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Mountain
      • Property subtype: Condo/Townhome/PUD
      Condition
      • New construction: No
      • Year built: 1982

      Community & HOA

      Community
      • Subdivision: Squaw Valley
      HOA
      • Has HOA: Yes
      • HOA fee: $1,159 monthly
      Location
      • Region: Olympic Valley

      Financial & listing details

      • Price per square foot: $615/sqft
      • Tax assessed value: $248,325
      • Price range: $549K - $549K
      • Date on market: 7/2/2026

        Estimated market value

        $527,500

        $501,000 - $554,000

        $3,186/mo

        Price history

        DateEventPrice
        7/2/2026Listed for sale$549,000+306.7%$615/sqft
        Source: TSMLS #20261358 Report a problem
        11/28/1989Sold$135,000$151/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $248,325 +2%
        2025$3,302 +4.5%$243,457 +2%
        2024$3,160 +2.4%$238,684 +2%
        2023$3,085 +4.4%$234,005 +2%
        2022$2,955 +3.4%$229,418 +2%
        2021$2,857 -0.2%$224,921 +1%
        2020$2,862 $222,615 +2%
        2019$2,862 +14.2%$218,251 +2%
        2018$2,506 +1.8%$213,973 +2%
        2017$2,462 +1%$209,779 +2%
        2016$2,438 +1.9%$205,667 +1.5%
        2015$2,392 +2.9%$202,579 +2%
        2014$2,325 $198,612 +0.5%
        2013-- $197,715 +2%
        2012-- $193,839 +2%
        2011-- $190,039 +0.8%
        2010-- $188,619 -0.2%
        2009-- $189,068 +2%
        2008-- $185,362 +2%
        2007-- $181,729 +2%
        2006-- $178,167 +2%
        2005-- $174,675 +2%
        2004-- $171,251 +1.9%
        2003-- $168,113 +2%
        2002-- $164,817 +28.1%
        2001-- $128,711 +36%
        2000-- $94,640
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 96146

        Getting around

        14 / 100
        Car-Dependent
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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