$935,000 Active
201 Shirley Canyon Road #714
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
·
770 Sq Ft
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About This Property

A rare opportunity to own true slopeside at Palisades Tahoe Lodge. Residence 714 is ideally positioned with direct ski in ski out access and sweeping mountain views, placing you just steps from the lifts in one of Tahoe’s most sought after locations. This one bedroom condo features an updated kitchen, an open concept living area with a gas fireplace, and a private balcony overlooking the slopes, creating an inviting setting to take in the mountain year round. The layout is both functional and comfortable, well suited for personal use or strong rental potential. Palisades Tahoe Lodge offers a full service, resort style experience designed for effortless ownership. Amenities include on site ski storage with valet and tuning services, a fully equipped fitness center, health club and spa, sauna and steam rooms, multiple indoor and outdoor hot tubs, and a seasonal heated outdoor pool. Owners also benefit from a 24 hour front desk and concierge, housekeeping services, on site rental and property management, covered parking, and bell service. Located just steps from Palisades Tahoe Village, residents enjoy immediate access to dining, shopping, and year round recreation. The combination of premier location, comprehensive amenities, and true ski in ski out access creates a seamless lock and leave lifestyle in one of Tahoe’s most iconic destinations. Well located ski in ski out residences are limited, making this a compelling opportunity to own in Building 7 at the heart of Palisades Tahoe.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260633
Price/Sq Ft $1,214

Property History

Apr 24, 2026
Listed for sale
$935,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 770
Stories 1
Year Built 1999
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096-640-015
Parking
Parking Features One
Exterior & Lot
Exterior Features Landscaping,Phone,Cable TV,Rental History,Swimming Pool,Tennis Court,High Speed Internet,Hot Tub,Sauna,Steam Shower,Ski In/Ski Out
Lot Features Level,Varies
View Filtered,Panoramic,Mountain,Ski Resort
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH,Hydronic
Financial
HOA Fee $1,868
HOA & Community
Community Amenities Pool,Tennis Courts,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 ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($187,000)
Home price
$935,000
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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