The Village & Base Area Real Estate Guide

The Village and base area at Palisades Tahoe represent the most sought-after real estate in the entire Lake Tahoe ski market. This is where the mountain meets the lifestyle — step out your door and onto the slopes in winter, or stroll through the pedestrian Village for dinner and shopping in any season. Properties here command the highest prices in Olympic Valley, but they also generate the strongest vacation rental returns.

The Village at Palisades Tahoe is a European-inspired pedestrian plaza at the base of the mountain, featuring restaurants, bars, retail shops, an outdoor ice rink, and a full calendar of events from concerts to holiday celebrations. The Placer County-approved Specific Plan will expand the Village significantly over the coming decades, adding up to 896 resort bedrooms, employee housing, and over 200,000 square feet of commercial space — a generational transformation that is expected to increase property values throughout the base area.

Key Base Area Properties

• Palisades Tahoe Lodge (formerly Squaw Valley Lodge): Condominium hotel at the base of the mountain with direct ski access, heated pool, hot tubs, fitness center, and an established rental program. Units range from studios to two-bedrooms.
• PlumpJack Inn: Boutique hotel and condominium property at the base, known for its upscale restaurant and bar. One of the most prestigious addresses at the resort.
• Resort at Squaw Creek: Full-service resort with an 18-hole golf course, spa, pools, and ski-in/ski-out access via its own chairlift. Condos and fractional ownership units available.
• Olympic Village Inn: Condo-hotel near the Village with studio to one-bedroom units, popular with investors for its rental program and walkable Village location.
• Squaw Peak & Tavern Inn Condos: Additional condominium complexes near the base with varying levels of resort amenities and ski access.

The Village Expansion

The approved Village at Palisades Tahoe Specific Plan is the most significant development in the resort's history since the 1960 Olympics. The 85-acre plan, to be built over 25 years, will modernize and expand the base area while adding critical employee housing. For existing property owners, this expansion is expected to increase foot traffic, amenities, and overall resort appeal — all of which support property values and rental income. A July 2025 settlement with conservation groups scaled back the original plan but still represents a substantial investment in the resort's future.

Summer Appeal

While winter drives peak rental rates, the Village and base area are increasingly active in summer. Mountain biking, hiking, the aerial tram to High Camp, swimming pools, and a robust events calendar keep the area vibrant from June through September. This year-round activity supports rental income beyond the traditional ski season and has become a growing factor in property valuations.