$955,000 Active
400 Shirley Canyon Road #7
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.
3 Beds
·
1.5 Baths
·
1,176 Sq Ft
Virtual Tour

About This Property

This beautiful condo is your ultimate mountain escape. No need to reserve ski resort parking since it is just a short walk to the world-class ski resort, Palisades Tahoe. This rare 3 bedroom, end unit provides privacy and outdoor adventure is right at your doorstep with immediate access to the famous Shirley Canyon Trail for hiking and snow shoeing. Inside, discover a perfect blend of modern comfort and natural beauty, highlighted by an open-concept great room and gorgeous views of the ski resort mountains. The home was completely transformed during a comprehensive, top-to-bottom remodel. High-end upgrades include a brand-new kitchen with granite countertops, custom cabinets, and sleek appliances. The living space features a cozy new fireplace insert, updated bathrooms, fully painted interior, all-new energy-efficient wood-cased windows, premium wood interior doors, and plush carpeting. Step through the new sliding glass doors onto an expanded, private deck to take in the alpine air. Situated in a highly desirable, tightly held complex of just 7 units, properties here rarely come up for sale. In fact, this home has been lovingly preserved by the same family since its inception in 1978. The self-managed HOA boasts incredibly low dues of just $2,800 per year, which covers snow removal and trash pickup. The exterior offers total peace of mind, as the HOA recently replaced both the roof and siding. Thoughtful mountain amenities include a deep one-car garage with ample vehicle parking, plus a dedicated storage unit at the back for your bikes, skis, and kayaks. Owners also enjoy an onsite shared laundry facility and private lockers for outdoor gear. To protect the quiet community atmosphere, the HOA requires a 6-month minimum rental period, making this the absolute ideal seasonal residence, executive rental, or multi-month vacation getaway.

Listed by Jennifer Rosser — RE/MAX Gold - Kings Beach

Listing Details

Status Active
MLS # 20261479
Price/Sq Ft $812

Property History

Jul 17, 2026
Listed for sale
$955,000
Property Overview
Beds 3
Baths 1.5
Sq. Ft. 1,176
Lot Size 0.04 acres
Year Built 1978
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096430007000
Parking
Garage Spaces 1
Parking Features One, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Mountain(s), Water
Construction Frame
Roof Metal
Foundation Slab
Utilities & Systems
Heating Electric, Baseboard
Financial
HOA Fee $2,800 / Annually
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 ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 400 Shirley Canyon Road #7, Olympic Valley

Est. Annual Revenue
$38,227
Avg Nightly Rate
$196
Projected Occupancy
53.4%
Cap Rate
1.6%
Structural Score: 66 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Olympic Valley. Revenue projections are estimates and may vary.

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% ($191,000)
Home price
$955,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message