$615,000 Active
201 Shirley Canyon Road #234
Olympic Valley, CA 96146

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✓ 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.
1.0 Baths
·
562 Sq Ft

Our data on this home

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
Days on Market 66
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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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

STR analysis
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PROJECTED GROSS ANNUAL REVENUE
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Avg Nightly
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Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$600 – $700/yr
about $54/mo
Est. Rebuild Cost (Coverage A)
$168,600
FAIR Plan (fire)
$500/yr
DIC wrap (theft, water, liability)
$100 – $200/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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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