$3,500,000
242 Shoshone way
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
·
3,433 Sq Ft
Virtual Tour

About This Property

Welcome to 242 Shoshone Way in Olympic Valley’s quiet Painted Rock neighborhood—just minutes from Palisades Tahoe and the Village. This meticulously maintained 4-bedroom, 3.5-bath home offers approximately 3,400 sq ft of thoughtfully designed mountain living with space for family and guests. Interior features include hand-doweled walnut floors, walnut stairs with granite inlays, hand-carved log railings, and abundant natural light from the home’s sunny southern exposure. The flexible floor plan includes an office with a hidden closet, generous storage throughout, and multiple gathering spaces. The kitchen is equipped with a Viking gas range and newer appliances, while a dedicated gear room with a ski wax bench keeps equipment organized. Hydronic heating runs throughout the home, oversized two-car garage, driveway, and back patio for year-round comfort. Additional highlights include a mahogany entry door with a drop-down threshold, Vulcan fire vent system, thoughtful lighting, and quality updates throughout. The home backs to peaceful green space with hiking trails out the rear and enjoys a private setting in one of Olympic Valley’s most desirable neighborhoods. The adjacent parcel at 236 Shoshone Way—one of only three remaining vacant lots in Painted Rock—is also available. Buyers of 242 receive first right of refusal on this sunny, south-facing, buildable lot with a new rock-lined drainage culvert.

Listed by Samantha Hall — COMPASS

Listing Details

Status Active
MLS # 20260200
Days on Market 31
Price/Sq Ft $1,020

Property History

Feb 15, 2026
Listed for sale
$3,500,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,433
Stories 3
Year Built 2001
Property Type Single Family Residence
Style Mountain
Subdivision Olympic Valley
APN 096-630-031-000
Parking
Parking Features Two
Exterior & Lot
Lot Features Upslope,Gentle
View Wooded,Mountain
Construction Masonry,Log,Wooded,Stucco
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Hydronic,In Floor
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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 ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($700,000)
Home price
$3,500,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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