$420,000 Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
339 Palisades Circle #49
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.
4 Beds
·
4.5 Baths
·
2,810 Sq Ft
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About This Property

New co-ownership opportunity by Pacaso: Own one-eighth of Olympic Valley, a professionally managed, turnkey home. This 4-bedroom, 4.5-bath home is minutes from the base of Palisades Tahoe and about 10 minutes from Lake Tahoe, offering convenient access to year-round recreation. Designed for gathering and everyday comfort, the open floor plan features a living room with a sleek fireplace, window seat and access to an expansive deck with mountain views, a fire pit and hot tub. The kitchen includes a waterfall-edge island, wood cabinetry and open shelving for a warm, contemporary feel. A floating staircase leads to the spacious primary suite, where large windows frame views of surrounding pines. The en suite bath includes dual vanities and a tiled walk-in shower. Three additional bedrooms each offer en suite bathrooms. The lower level includes a media room and oversized mudroom with storage for outdoor gear. Offered fully furnished and professionally decorated.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20261041
Days on Market 97
Price/Sq Ft $149

Property History

Jun 01, 2026
Listed for sale
$420,000

Sale History · changed hands 3×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2022 $2,551,000 Deborah HoyerPalisades Realtors Inc Heather WhitneySierra Sotheby's Int Rlty TK2
Jan 2023 $429,000 (-83%) Joseph MaehlerPacaso, Inc. Joseph MaehlerPacaso, Inc.
May 2024 · via MLS history $400,000 (-7%)

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 4
Baths 4.5
Sq. Ft. 2,810
Year Built 2021
Property Type Timeshare
Style Modern
Subdivision Squaw Valley
County Placer
STR Jurisdiction Placer County
APN 118020029000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Landscaped
View Trees/Woods
📊

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%

Building Permit History

Placer County permit records for this parcel

RESIDENTIAL: New Home - Greater than 3,000 sq ft or above 5,000 ft elevation · 2019-11-08
Construction Complete
THIRD PARTY - CSG LOT 49 *****DIGITAL REVIEW***** SINGLE FAMILY DWELLING TO BE CONSTRUCTED IN MODULAR FACILITY AND STITCHED TOGETHER ON SITE LIVING----------------2800 sf GARAGE-------------567 sf DECK-----------------624 sf PORCH---------------208 sf Square footage verified by APEX 617 BEAR BIN INSPECTION REQUIRED STRUCTURAL OBSERVATION REQUIRED PER SHEET SO.1 SPECIAL INSPECTION REQUIRED PER SHEET SO.1
Permit #BLD19-05294
Building/Residential/Full Review/NA
DONE
Permit #TCON E112923

Public permit records from the Placer County permit portal, last checked 2026-09-05. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($84,000)
Home price
$420,000
Loan details
30-yr fixed, 6.5%
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