Olympic Valley, California 96146-9786
Property Photo
Contact Tristan for current photos
3
Bedrooms
2
Bathrooms
1,345
Sq Ft
1979
Year Built
This 3-bedroom, 2-bathroom 1,345 square foot home in Granite Chief was built in 1979 and sits on 0.20 acres. The county-assessed value is $1,289,352 ($620,282 land, $669,070 improvements). Assessed values may differ from current market value.
Located in Olympic Valley, California 96146-9786, within the Granite Chief area.
The estimated current market value is $1,364,127.
| Address | 222 Granite Chief Rd |
| City | Olympic Valley, CA 96146-9786 |
| Neighborhood | Granite Chief |
| Lot Size | 0.20 acres |
Your Buyer's Agent
I represent you — not the seller. I'll pull MLS detail, comparable sales, fire zone, STR viability, and structure the offer in your favor.
Or call/text: 530-448-1734
Your Broker
Tristan Roberts
DRE #01259729 · Coldwell Banker
30 years in North Lake Tahoe. I know this neighborhood, the HOA, the contractors, and the market data.
Inspection Window
May through July
Program
Defensible Space and Structure Hardening
Olympic Valley Fire Department conducts defensible space inspections in the Valley, coordinating with Placer County on permit compliance. The Valley's narrow access and high snowfall create specific emergency access considerations — clearance of 10 ft on both sides of private driveways for emergency vehicles is enforced.
This property is in Granite Chief in Olympic Valley, Placer County.
Portal: PlacerGOV (placer.ca.gov/buildingpermits)
All structural work, additions, re-roofing, electrical upgrades, and HVAC replacements require Placer County Building permits. The PlacerGOV online portal handles most permit applications. For properties in the Lake Tahoe Basin, TRPA compliance review runs concurrently with county review — expect a longer permitting timeline.
TOT Rate: 10%
Placer County requires a TOT (Transient Occupancy Tax) certificate for all short-term rentals under 30 days. The certificate number must be posted in all listing platforms. TOT is collected and remitted to Placer County quarterly. Violations can result in back-tax liability plus penalties.
California Prop 19 (effective Feb 2021) changed parent-to-child property transfer rules — only a primary residence transfer receives the reassessment exclusion, and the exclusion is capped. Investment and vacation properties no longer receive automatic exclusion. Placer County Assessor administers transfers.
Agency: CAL FIRE — Placer Unit, in conjunction with local fire districts
Placer County properties in the Tahoe Basin are designated Very High FHSZ (Fire Hazard Severity Zone) by CAL FIRE. Annual defensible space inspections are conducted by local fire districts under contract with CAL FIRE. Non-compliance can affect homeowner's insurance coverage and may result in abatement notices.
30.9%
of properties in this zip are registered STR operators
$55,000–$80,000
estimated median gross annual STR income
Peak Months
December through March (ski season) and July–August
Olympic Valley (96146) has the highest STR density in Placer County at 30.9% of registered properties. Palisades Tahoe ski access drives winter occupancy rates that rival summer. Premium ski-in/ski-out and village-area units regularly exceed $100K gross annually. Placer County TOT applies at 10%; the valley's HOAs vary widely on STR rules — verify with your specific complex before operating.
Income estimates based on Placer/El Dorado County TOT filings and publicly reported AirDNA/VRBO North Lake Tahoe data, 2023–2024. Actual results vary by property type, condition, and operator.
Development era: 1949 (resort established) — 1960 Winter Olympics
Olympic Valley gained international recognition when it hosted the 1960 Winter Olympics — the first Olympics to use computers for scoring and timing. The ski area was developed by Alex Cushing starting in 1949. The valley had almost no infrastructure before the Olympic bid; the Games required construction of an Olympic Village and facilities that became the foundation for the resort community. Most residential construction dates to the post-1960 period, with the Village at Palisades Tahoe built 2000–2002.
Olympic Valley is a true ski-resort community: compact, high-altitude, and oriented around winter sports. The Village at Palisades Tahoe provides lodging, dining, and retail without requiring a car. Summer is strong but secondary to ski season for property income. The Valley has the highest STR density (30.9%) of any Tahoe zip.
December–April (weather dependent, typically 140+ days)
Palisades Tahoe (formerly Squaw Valley / Alpine Meadows combined as of 2021) is the largest ski resort in the Lake Tahoe area by skiable terrain. The Valley's properties see their highest rental demand during peak ski weekends (Martin Luther King weekend, Presidents' Day, Spring Break).
Late July (intermittent)
When held, Wanderlust draws thousands for yoga, meditation, music, and outdoor wellness programming at the Valley base. Drives a significant occupancy spike in July.
Year-round
The Valley hosted the 1960 Winter Olympics. The Olympic Rings at the base area and the High Camp lift-accessible facility at 8,200 ft are distinctive amenities. The heritage positioning supports premium marketing for property rentals and sales.
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