$615,000 Active
201 Shirley Canyon Road #247
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
·
562 Sq Ft
Virtual Tour

About This Property

Positioned in one of the most coveted slopeside locations at Palisades Tahoe Lodge, Residence 247 captures sweeping panoramic views of KT 22, Cushing’s Pond, Wa She Shu, and the surrounding peaks of Olympic Valley. Located at the base of the mountain, this residence offers immediate access to the lifts with no parking, no traffic, and no barriers between you and the slopes. Inside, the open living and dining space is oriented toward the view, creating a natural focal point that brings the outdoors in. A functional kitchenette supports both short stays and extended visits, while a defined sleeping area offers added separation and comfort. The full bath features an oversized tub, ideal for unwinding after a day on the mountain. Palisades Tahoe Lodge delivers a full service, resort style experience with true ski in ski out access, a 24 hour front desk and concierge, on site rental management, and a full suite of amenities including a health club and spa, sauna and steam rooms, multiple indoor and outdoor hot tubs, and a seasonal heated pool. Additional conveniences include ski storage with valet services, covered parking, and housekeeping services, creating a seamless lock and leave ownership experience. Just steps from Palisades Tahoe Village, with dining, shopping, and year round recreation at your doorstep, this residence offers a compelling opportunity for both personal enjoyment and income potential in one of Tahoe’s most iconic resort destinations.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20260634
Price/Sq Ft $1,094

Property History

Apr 24, 2026
Listed for sale
$615,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 562
Stories 1
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096-602-007-000
Parking
Parking Features One
Exterior & Lot
Exterior Features Landscaping,Phone,Cable TV,Rental History,Swimming Pool,Tennis Court,High Speed Internet,Hot Tub,Sauna,Ski In/Ski Out
Lot Features Varies
View Panoramic,Mountain,Ski Resort
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,CFAH
Financial
HOA Fee $1,657
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% ($123,000)
Home price
$615,000
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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