$3,995,000
381 Sierra Crest Trail
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.
4 Beds
·
4.5 Baths
·
4,195 Sq Ft
·
11325 Lot
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About This Property

A striking blend of modern mountain architecture and refined craftsmanship, this newly constructed home offers an elevated Tahoe living experience in one of Olympic Valley’s private neighborhoods. Surrounded by towering pines and designed to embrace its alpine setting, this exceptional home delivers privacy, natural beauty, and year-round comfort. The dramatic great room features soaring ceilings with exposed timber trusses, expansive floor-to-ceiling windows, and a stunning stone fireplace that anchors the space. Natural light pours in, creating a seamless connection between indoors and the surrounding forest landscape. The open-concept design flows effortlessly into a chef’s kitchen appointed with custom cabinetry, a statement range and hood, oversized island, and dedicated entertaining bar. Expansive outdoor deck extend the living space, ideal for apres-ski gatherings, summer dining, or quiet mornings in the fresh mountain air. Thoughtfully designed bedrooms, all ensuites, provide peaceful retreats, including a luxurious primary suite with its own fireplace and spa-inspired bath featuring a freestanding soaking tub and stone accents. A dedicated media room and separate office offer flexible living options and either could be converted into addidtional bedroom space if desired. Built with exceptional attention to detail and quality materials throughout, this home is perfectly suited as a full-time residence or a premier mountain getaway. The home is further enhanced by firewise construction and integrated smart home technology, including a Control4 system that allows seamless control of lighting, audio, climate, and select home features, providing modern convenience alongside refined mountain living. Located just minutes from world-class skiing, hiking, and the array of recreational opportunities of Olympic Valley and Lake Tahoe, this home represents mountain living at its finest.

Listed by Chiara Gajar — Lawrence Realty

Listing Details

Status Active
MLS # 20260077
Days on Market 61
Price/Sq Ft $952

Property History

Jan 16, 2026
Listed for sale
$3,995,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 4,195
Lot Size 0.26 acres
Stories 2
Year Built 2024
Property Type Single Family Residence
Style Mountain
Subdivision Olympic Valley
APN 096-580-005
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings
Lot Features Level,Downslope,Varies
View Wooded,Mountain
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH,In Floor
Financial
HOA Fee $396
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($799,000)
Home price
$3,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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