$615,000 Active
201 Shirley Canyon Road #247
Olympic Valley, CA 96146
✓ STR Allowed — No Permit Needed
Placer County lists Palisades Tahoe Lodge as an approved condo-hotel (county list of March 16, 2026), so its units need no county STR permit. Check the building's own rental rules.
1 Beds
·
1.0 Baths
·
562 Sq Ft
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About This Property

Positioned in one of the most coveted slopeside locations at Palisades Tahoe Lodge, Residence 247 captures sweeping panoramic views of KT 22, Cushing’s Pond, Wa She Shu, and the surrounding peaks of Olympic Valley. Located at the base of the mountain, this residence offers immediate access to the lifts with no parking, no traffic, and no barriers between you and the slopes. Inside, the open living and dining space is oriented toward the view, creating a natural focal point that brings the outdoors in. A functional kitchenette supports both short stays and extended visits, while a defined sleeping area offers added separation and comfort. The full bath features an oversized tub, ideal for unwinding after a day on the mountain. Palisades Tahoe Lodge delivers a full service, resort style experience with true ski in ski out access, a 24 hour front desk and concierge, on site rental management, and a full suite of amenities including a health club and spa, sauna and steam rooms, multiple indoor and outdoor hot tubs, and a seasonal heated pool. Additional conveniences include ski storage with valet services, covered parking, and housekeeping services, creating a seamless lock and leave ownership experience. Just steps from Palisades Tahoe Village, with dining, shopping, and year round recreation at your doorstep, this residence offers a compelling opportunity for both personal enjoyment and income potential in one of Tahoe’s most iconic resort destinations.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260634
Days on Market 169
Price/Sq Ft $1,094

Property History

Apr 24, 2026
Listed for sale
$615,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2011 · county record $280,000 Deed record — brokerage sides not reported

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.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 562
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096602007000
Parking
Garage Spaces 1
Parking Features One, Detached, Oversized, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Ski Trail, Landscaped, Rental History, Tennis Court, Ski In/Ski Out
View Panoramic, Mountain(s), Ski Resort
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Propane, CFAH
Financial
HOA Fee $1,905 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment, Other/See Remarks
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
61
PROJECTED GROSS ANNUAL REVENUE
$30K – $60K typically ~$50,000
~$4,167 per month
Avg Nightly
$249
Occupancy
55%
Cap Rate
3.2%

STR Investment Summary — 201 Shirley Canyon Road #247, Olympic Valley

Est. Gross Annual Revenue
$30K – $60K
typically ~$50,000
Avg Nightly Rate
$249
Projected Occupancy
55.0%
Cap Rate
3.2%
Structural Score: 61 / 100 (Premium) · STR Zone: Green

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

Residential - Full Review
DONE
Permit #TCON NONE-94_352700

Public permit records from the Placer County permit portal, last checked 2026-09-28. 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
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
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

$5,615 per month
Principal & interest
$3,110/mo
Property taxes
$546/mo
1.0659% of the price, Placer County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$1,905/mo
From MLS listing data.
Home insurance
$54/mo
CA FAIR Plan + DIC estimate, ~$600–$700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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