$550,000 Active
201 Shirley Canyon Road #118
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.
1.0 Baths
·
581 Sq Ft
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About This Property

Experience elevated slopeside living at Palisades Tahoe Lodge, ideally positioned mountainside at the base of Palisades Tahoe. This Extended Deluxe Studio offers true ski in ski out access with immediate proximity to the lifts, creating effortless days on the mountain and seamless access to the Village. Thoughtfully designed for both comfort and functionality, the spacious layout features a defined sleeping area, generous living space, and a well equipped kitchenette suited for extended stays or weekend escapes. Large windows bring in natural light and mountain ambiance, while the full bath with an oversized tub provides a relaxing retreat after a day on the slopes. Palisades Tahoe Lodge offers a full service, resort style experience with amenities including a 24 hour front desk and concierge, on site rental management, ski storage with valet and tuning services, a fully equipped fitness center, health club and spa, sauna and steam rooms, multiple indoor and outdoor hot tubs, and a seasonal heated outdoor pool. Additional conveniences include covered parking and housekeeping services, supporting a seamless lock and leave ownership experience. Located just steps from Palisades Tahoe Village, with dining, shopping, and year round recreation at your doorstep, this residence offers a compelling opportunity for personal use, income potential, or a combination of both in one of Tahoe’s most iconic resort destinations.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260635
Price/Sq Ft $947

Property History

Apr 24, 2026
Listed for sale
$550,000
Property Overview
Baths 1.0
Sq. Ft. 581
Stories 1
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096-551-017
Parking
Parking Features One
Exterior & Lot
Exterior Features Landscaping,Phone,Cable TV,Rental History,Swimming Pool,Tennis Court,High Speed Internet,Hot Tub,Sauna,Ski In/Ski Out
Lot Features Level,Varies
View Peek,Filtered,Mountain,Ski Resort
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH
Financial
HOA Fee $1,679
HOA & Community
Community Amenities Pool,Tennis Courts,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 Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

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

$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% ($110,000)
Home price
$550,000
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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