$615,000 Active
201 Shirley Canyon Road #234
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
·
562 Sq Ft

About This Property

A sunny slopeside retreat with mountain views and true ski-in/ski-out access, right at the base of Palisades Tahoe. Residence 234 offers a sunny, second floor position within Palisades Tahoe Lodge, with filtered mountain views and true ski-in/ski-out winter access, along with hike-in/hike-out access to the trails in summer. Set right at the base of the mountain, this residence puts guests steps from the lifts, with no driving and no parking required to reach the slopes. Inside, the open living and dining area is designed to make the most of natural light and the surrounding valley setting, while a pony wall creates a defined sleeping area, adding a welcome sense of separation and privacy to the layout. The kitchenette is well suited to both quick getaways and longer stays, and the full bath is finished with an oversized tub, perfect for relaxing after time spent outdoors. Ownership at Palisades Tahoe Lodge comes with a true resort experience, featuring ski in ski out access, a 24 hour front desk and concierge team, and on site rental management, along with amenities that include a health club and spa, sauna and steam rooms, several indoor and outdoor hot tubs, and a seasonal heated pool. Covered parking, ski storage with valet service, and housekeeping round out the offering, making for an effortless lock and leave ownership experience. Located just steps from the Village at Palisades Tahoe, with year round dining, shopping, and recreation nearby, Residence 234 offers strong potential for both personal use and rental income in one of Tahoe's most sought after resort settings.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20261732
Price/Sq Ft $1,094

Property History

Aug 18, 2026
Listed for sale
$615,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Apr 1999 · county record $115,500 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.

Property Overview
Baths 1.0
Sq. Ft. 562
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096555010000
Parking
Garage Spaces 1
Parking Features One, Attached, Oversized, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Ski Trail, Landscaped, Rental History, Tennis Court, Ski In/Ski Out
View Filtered, Mountain(s)
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 Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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