$925,000 Active
201 Shirley Canyon Road #339
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

About This Property

Perched on the top floor of Palisades Tahoe Lodge, Residence 339 commands sweeping west-facing views across Olympic Valley, with the iconic Tram Face and Palisades Aerial Tram creating a dramatic mountain backdrop. Its coveted corner position overlooks the tennis courts, offering a peaceful, elevated setting with exceptional natural light and a strong sense of privacy. The beautifully refreshed one-bedroom interior pairs timeless mountain character with refined finishes. An updated kitchen, rich wood flooring, and a built-in buffet create a warm, cohesive living space, while custom wood doors, handcrafted cabinetry, and thoughtful millwork bring depth and distinction throughout. The primary bedroom is designed as an intimate retreat, completing a residence that feels both elevated and inviting. True ski-in/ski-out access places the slopes just moments away, while The Village at Palisades Tahoe offers convenient access to dining, shopping, and après-ski. Palisades Tahoe Lodge provides a comprehensive resort experience with ski storage and tuning services, a fitness center, health club and spa, sauna and steam rooms, indoor and outdoor hot tubs, a seasonal heated pool, tennis courts, massage services, housekeeping, covered parking, bell service, and a 24-hour front desk and concierge. From snow-covered peaks and the passing aerial tram in winter to golden sunsets and year-round mountain scenery, the views remain the defining feature of Residence 339. Its top-floor corner setting, custom craftsmanship, and effortless lock-and-leave lifestyle present a rare opportunity to own an exceptional retreat in the heart of Olympic Valley.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20261869
Days on Market 10
Price/Sq Ft $1,327

Property History

Sep 03, 2026
Listed for sale
$925,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2025 $825,000 Jovanah McKinneyeXp Realty of California, Inc. Jovanah McKinneyeXp Realty of California, Inc.
Sep 2025 · via MLS history $920,000 (+12%)

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. 697
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096556019000
Parking
Garage Spaces 1
Parking Features One, Attached, Oversized, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project, Landscaped, Tennis Court, Ski In/Ski Out
View Filtered, Panoramic, Mountain(s)
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Propane, CFAH
Financial
HOA Fee $2,074 / 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% ($185,000)
Home price
$925,000
Loan details
30-yr fixed, 6.5%
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