$925,000 Active
201 Shirley Canyon Road #241
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 Beds
·
1.0 Baths
·
697 Sq Ft
Virtual Tour

About This Property

Positioned as a premier corner residence, Unit 241 captures panoramic mountain views from multiple exposures, showcasing KT 22, Cushing’s Pond, Wa She Shu, and the surrounding peaks of Olympic Valley. Located slopeside at the base of Palisades Tahoe, this one bedroom offers true ski in ski out access with immediate proximity to the lifts. The corner orientation enhances both natural light and privacy, while the living space is designed to take full advantage of the views. Large windows frame the alpine setting, creating a seamless connection between indoor comfort and the surrounding landscape. The open layout provides a functional flow for both everyday living and entertaining, with a well equipped kitchen and a private bedroom retreat. 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 rare opportunity to own a slopeside corner one bedroom with panoramic views in one of Tahoe’s most iconic resort destinations.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260650
Price/Sq Ft $1,327

Property History

Apr 28, 2026
Listed for sale
$925,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 697
Stories 1
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096-602-001
Parking
Parking Features One
Exterior & Lot
Exterior Features Landscaping,Phone,Cable TV,Rental History,Swimming Pool,Tennis Court,High Speed Internet,Hot Tub,Sauna,Steam Shower,Ski In/Ski Out
Lot Features Varies
View Panoramic,Mountain,Ski Resort
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH,Hydronic
Financial
HOA Fee $1,813
HOA & Community
Community Amenities Pool,Tennis Courts,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 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% ($185,000)
Home price
$925,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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