Overall, the Martini 2 cholesterol model has shown great success in the many applications it has been used in. However, it is now clear that there is a need for a finer reparameterization effort, that not only brings it up to date with the Martini 3 framework but also addresses many of the reported cholesterol-specific issues. In this work, we successfully develop and validate a Martini 3 CG model of cholesterol. Cholesterol shape and volume, hydrophobicity, and temperature divergence issues due to the bonded setup were addressed in detail. We arrive at a model that mitigates some limitations of its predecessor while maintaining or improving overall behavior as much as possible.