$359,000 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.
342 Palisades Circle
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
·
3.5 Baths
·
2,630 Sq Ft
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About This Property

New co-ownership opportunity by Pacaso: Own one-eighth of this professionally managed, turnkey home. Jasper sits in Olympic Valley, just minutes from the base of Palisades Tahoe Resort and a short ten-minute drive to Lake Tahoe. The contemporary exterior pairs wood siding with clean modern lines, fitting naturally into the valley setting. The great room is anchored by a gas fireplace and modern metal railings, with doors opening to a covered wood deck. The kitchen has custom wood cabinetry, a waterfall-edge island, a stainless steel gas range and a wine fridge, with generous counter space and storage throughout. Floating wood and metal stairs lead to a cozy sitting area and four bedrooms above. The primary suite has its own covered deck and an en suite bath with a double-sink vanity, soaking tub and tiled shower. Two covered decks extend Jasper's living spaces outdoors, with one offering a hot tub and both framing mountain and forest views. Palisades Tahoe's ski terrain and Lake Tahoe's beaches and trails are both close at hand, with hiking and fishing access nearby for warmer months. Jasper is fully designed, furnished and managed by Pacaso. Owners arrive to find the home exactly as it should be, every time.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20261053
Days on Market 95
Price/Sq Ft $137

Property History

Jun 03, 2026
Listed for sale
$359,000

Sale History · changed hands 6×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2022 · via MLS history $2,450,000
May 2023 · via MLS history $390,000 (-84%)
Sep 2024 $379,000 (-3%) Joseph MaehlerPacaso, Inc. Joseph MaehlerPacaso, Inc.
Jun 2025 $339,000 (-11%) Joseph MaehlerPacaso, Inc.
Oct 2025 · via MLS history $350,000 (+3%)
Jan 2026 · via MLS history $320,000 (-9%)

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 3.5
Sq. Ft. 2,630
Year Built 2022
Property Type Timeshare
Style Contemporary
Subdivision Squaw Valley
County Placer
STR Jurisdiction Placer County
APN 118020005
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods
Construction Frame
Utilities & Systems
Heating Natural Gas, Electric
HOA & Community
Community Amenities Other/See Remarks
📊

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

1 expired permit
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2021-11-02
Expired
Lot 5 Only PROPOSED 50SF ENCLOSED UTILITY SHED FOR EXISTING CONDENSOR UNITS
Permit #BLD21-06553
RESIDENTIAL: New Home - Greater than 3,000 sq ft or above 5,000 ft elevation · 2019-11-08
Construction Complete
VOLUNTARY THIRD PARTY REVIEW - APEX LOT 5 SINGLE FAMILY DWELLING TO BE CONSTRUCTED IN MODULAR FACILITY AND STITCHED TOGETHER ON SITE LIVING--------------2,630sf GARAGE--------------599sf DECK--------------------82sf PORCH----------------373sf BEAR BIN INSPECTION REQUIRED SPECIAL INSPECTION REQUIRED
Permit #BLD19-05284
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% ($71,800)
Home price
$359,000
Loan details
30-yr fixed, 6.5%
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