$615,000 Active
201 Shirley Canyon Road #211
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
·
581 Sq Ft

About This Property

Positioned within Palisades Tahoe Lodge, Residence 211 is a thoughtfully designed Extended Deluxe Studio offering approximately 581 square feet of living space, along with true ski in ski out access to the same slopes that hosted the 1960 Winter Olympic Games. The open living area flows into a built-in dining nook, creating a defined space for daily living without sacrificing flow. A defined sleeping area, enclosed by a sliding door and shuttered peekaboo window, offers true privacy and separation rarely found in a studio residence. A functional kitchenette supports both short stays and extended visits, while the full bath features an oversized soaking tub and shower combination, ideal for unwinding after time on the slopes. Palisades Tahoe Lodge delivers a full service, resort style ownership experience, including on site rental management, indoor and outdoor hot tubs, sauna and steam rooms, a fitness facility, and a seasonal heated pool. Covered parking and ski storage round out the amenities, creating a seamless lock and leave lifestyle just steps from Palisades Tahoe Village and its year round dining, shopping, and recreation. With its enclosed sleeping quarters and efficient, well-appointed layout, Residence 211 presents a compelling opportunity for personal enjoyment, rental income, or both, in one of Tahoe's most iconic resort destinations.

Listed by Jovanah McKinney — Serhant California, Inc.

Listing Details

Status Active
MLS # 20261730
Price/Sq Ft $1,059

Property History

Aug 18, 2026
Listed for sale
$615,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2013 · county record $242,500 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 1
Baths 1.0
Sq. Ft. 581
Year Built 1987
Property Type Residential
Style Mountain
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096552011000
Parking
Garage Spaces 1
Parking Features One, Oversized, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Ski Trail, Landscaped, Rental History, Tennis Court, Ski In/Ski Out
View Filtered, Trees/Woods
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Propane, CFAH
Financial
HOA Fee $1,929 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), 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 GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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
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% ($123,000)
Home price
$615,000
Loan details
30-yr fixed, 6.5%
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