$1,475,000 Active
201 Shirley Canyon Road #708
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.
2 Beds
·
2.0 Baths
·
1,094 Sq Ft
Virtual Tour

About This Property

Palisades Tahoe Lodge #708 offers a rare combination of flexibility, convenience, and an exceptional location at the base of Palisades Tahoe Ski Area. This ground-floor 2 bedroom, 2 bath residence features a versatile lock-off floor plan, allowing the spaces to be enjoyed together or separately, ideal for personal use, guests, or rental flexibility. Enjoy views toward the ski area and the ease of true slopeside living, with the lifts, Village, dining, shopping, and year-round recreation just steps away. Underground garage parking and elevator access add everyday convenience, whether arriving for a powder weekend or settling in for a summer escape. Owners and guests enjoy an impressive collection of amenities including a seasonal swimming pool, hot tubs, fitness center, sauna, steam room and tennis courts, all just steps from world-class skiing. Palisades Tahoe Lodge offers ski-in/ski-out access along with an impressive collection of resort amenities. Unit #708 is an inviting opportunity to own a flexible mountain retreat in one of Olympic Valley’s most desirable locations.

Listed by Chiara Gajar — Lawrence Realty

Listing Details

Status Active
MLS # 20261713
Days on Market 1
Price/Sq Ft $1,348

Property History

Aug 16, 2026
Listed for sale
$1,475,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2022 · county record $1,050,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,094
Year Built 1999
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096640009
Parking
Garage Spaces 1
Parking Features One, Attached, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project, Tennis Court, Ski In/Ski Out
View Peek, Mountain(s), Ski Resort
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Propane, CFAH
Financial
HOA Fee $2,844 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Down Hill Skiing, 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%

STR Investment Summary — 201 Shirley Canyon Road #708, Olympic Valley

Est. Annual Revenue
$39,674
Avg Nightly Rate
$203
Projected Occupancy
53.4%
Cap Rate
1.1%
Structural Score: 62 / 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% ($295,000)
Home price
$1,475,000
Loan details
30-yr fixed, 6.5%
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