$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
About This Property
A rare opportunity to own true slopeside at Palisades Tahoe Lodge. Residence 714 sits ideally positioned with direct ski-in/ski-out access and sweeping mountain views, 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 a year-round setting to take in the mountain. The layout is functional and comfortable, well suited for personal use or strong rental potential. Palisades Tahoe Lodge delivers a full-service, resort-style experience built for effortless ownership. Amenities include on-site ski storage with valet and tuning services, tennis courts, a fitness center, health club and spa, sauna and steam rooms, indoor and outdoor hot tubs, a seasonal heated outdoor pool, and an on-site game room. 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. Premier location, comprehensive amenities, and true ski-in/ski-out access combine for 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 #
20261736
Days on Market
9
Price/Sq Ft
$1,214
Property History
Aug 19, 2026
Listed for sale
$935,000
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Feb 2025 | $850,000 | Jovanah McKinneyeXp Realty of California, Inc. | Jovanah McKinneyeXp Realty of California, Inc. |
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.
770
Year Built
1999
Property Type
Residential
Style
Mountain
Subdivision
Olympic Valley
County
Placer
STR Jurisdiction
Placer County
APN
096640015
Parking
Garage Spaces
1
Parking Features
One, Attached, Oversized, Other
Attached Garage
Yes
Exterior & Lot
Lot Features
Ski Trail, Landscaped, Rental History, Tennis Court, Ski In/Ski Out
View
Filtered, Panoramic, Mountain(s), Ski Resort
Construction
Frame
Roof
Composition
Foundation
Concrete Perimeter
Pool & Spa
Pool
Swimming Pool
Utilities & Systems
Heating
Propane, CFAH, Hydronic
Financial
HOA Fee
$2,074 / Monthly
HOA & Community
Community Amenities
Pool, Tennis Court(s), Exercise Equipment, Other/See Remarks
STR Investment Analysis
Yellow Zone
STRUCTURAL SCORE
Premium
55
PROJECTED GROSS ANNUAL REVENUE
$32K – $59K
typically ~$46,496
~$3,875 per month
Avg Nightly
$231
Occupancy
55%
Cap Rate
2.0%
STR Investment Summary — 201 Shirley Canyon Road #714, Olympic Valley
Est. Gross Annual Revenue
$32K – $59K
typically ~$46,496
Avg Nightly Rate
$231
Projected Occupancy
55.0%
Cap Rate
2.0%
Structural Score: 55 / 100 (Premium)
· STR Zone: Yellow
Based on comparable vacation rental performance data for Olympic Valley. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Building Permit History
Placer County permit records for this parcel
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2026-06-03
Submittal Incomplete
Building 6: Installation of Water Heater in Room 624 (1200 sq. ft): Install one 65-gallon electric water heater. Total of 1 water heater.
Permit #BLD26-03696
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2026-06-03
Submittal Incomplete
Building 1: Rooms 105 and 120 and 309 (580 sq. ft. each): Install one 50-gallon liquid propane gas (LPG) hot water heater in each room. Total of 3 hot water heaters.
Permit #BLD26-03676
COMMERCIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Reroof, etc · 2026-06-03
Submittal Incomplete
Building 2: Installation of Water Heaters in the Following Rooms Room 324: Install one 50-gallon electric water heater. Room 325: Install one 80-gallon electric water heater. Room 335: Install one 80-gallon electric water heater. Room 337: Install one 65-gallon electric water heater. 4 water heaters total.
Permit #BLD26-03682
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2026-05-25
Construction Complete
We will be replacing the kitchen countertops with new solid quartzite. Replacing the 2 burner electric stove top with new stove top in same location. Removing microwave and installing a new range hood. Replacing the kitchen sink and garbage disposal. sanding and refinishing cabinet doors.
Permit #BLD26-03411
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2026-04-29
Construction Complete
Demo in preparation for BLD26-02236
Permit #BLD26-02736
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2026-04-29
Construction Complete
DEMO in preparation for BLD26-02305 Remodel
Permit #BLD26-02734
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2026-04-15
Corrections Required
Interior remodel (2) bathrooms (1) kitchen
Permit #BLD26-02305
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2026-04-12
Corrections Required
Interior remodel for bathroom and flooring. Non-structrual scope of work
Permit #BLD26-02236
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-08-31
Construction Complete
Interior remodel to include remove and replace of existing kitchen and bathroom. no structural changes. Unit #329.
Permit #BLD25-05728
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-08-27
Issued
Remodel.............746 sf-JM The proposed project is a full interior remodel of an existing condominium unit for McCandless residence at Palisades Tahoe Lodge. Work will include selective demolition of interior partitions, finishes, and fixtures; concrete scanning and cutting as required for plumbing/electrical pathways; framing modifications to accommodate new layout and built-ins; and installation of new mechanical, electrical, and plumbing systems, including heated flooring in designated areas. Interior improvements will consist of new insulation, drywall, paint, cabinetry, flooring, stone and tile finishes, countertops, millwork, and updated doors and hardware. Kitchen and bathrooms will be fully renovated with new appliances, plumbing fixtures, and lighting. All work will comply with current Placer County Building Code requirements, Title 24 energy standards, and Wildland Urban Interface (WUI) provisions, with final inspections requested upon completion.
Permit #BLD25-05645
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2025-05-28
Issued
Relocating an existing electric water heater from the ceiling cavity above the loft closet to its original location in the mechanical closet of the first-floor bathroom. Scope includes rerouting electric and water supply lines, reconnection of venting, and code-compliant anchoring. HEAT SOURCE: Electric REPLACEMENT / ADDITIONAL: Replace Existing TYPE: Standard SIZE (gallons): 50 UNIT LOCATION: the ceiling cavity above the loft closet
Permit #BLD25-03001
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-04-04
Construction Complete
The scope of work includes the complete removal and replacement of all interior finishes and fixtures throughout the condominium located at 201 Shirley Canyon Road, Olympic Valley. This includes demolition and disposal of existing flooring, cabinetry, countertops, plumbing and lighting fixtures, appliances, wall and ceiling finishes, and interior doors and trim. New materials and finishes will be installed to meet updated design and functional standards, with all work performed in accordance with local building codes and HOA requirements. The renovation aims to modernize the interior while enhancing overall comfort, efficiency, and visual appeal. No additional square feet added.
Permit #BLD25-01802
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2025-03-26
Issued
Interior remodel to include kitchen and (2) bathrooms. no structural revisions Living---------------------1208sf UNIT 523
Permit #BLD25-01620
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-12-06
Construction Complete
Remove and replace all finishes: flooring, cabinets, tile, countertops, plumbing fixtures, and lighting. No structural changes. No exterior changes.
Permit #BLD24-07111
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-11-18
Construction Complete
Deck repair/replacements throughout the building common area. BUILDING 7
Permit #BLD24-06766
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Remodel, Demo, Generators, and Other · 2024-07-22
Construction Complete
Remove and replace existing stairs. Like-for-like rebuild. Building #4
Permit #BLD24-04040
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2024-04-17
Construction Complete
Interior remodel of 1065 sf; to include kitchen and bathrooms. non-structural submittal.
Permit #BLD24-01897
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-04-08
Construction Complete
Add new storage loft to existing condo unit. Modify existing Bathroom.
Permit #BLD24-01648
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-11-07
Construction Complete
Interior remodel of upper loft area. Storage loft to have ships ladder access. (Rev 1 - Remove Ship's Ladder Access) Lower Level 551 Square Feet to remain the same. Loft Level 330 Square Feet remodeled. Existing Storage Loft 48 Square Feet Proposed Storage loft addition 49 Square Feet Total Storage Loft 97 Square Feet
Permit #BLD23-06866
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2023-09-13
Construction Complete
Addition/ Remodel Interior Remodel for Unit #328. The existing stairs will be removed and a reversed stair configuration will be installed. A mudroom will be remodel along with (2) existing bathrooms and a kitchen. There will no changes to any common elements, a;; structural walls, windows, skylights and entry door to remain as is. Hot/cold water systems including waste lines at the proposed bathrooms will be relocated accordingly along with electrical serviess to be upgraded to current codes, the subpanel to be relocated as necessary.
Permit #BLD23-05681
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-08-31
Construction Complete
Remodel bathroom area of a condo in the Palisades Tahoe Lodge 156 sq ft
Permit #BLD23-05419
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-07-26
Construction Complete
Interior Remodel of condo, including bathrooms and interior beams being removed. Remodel-----------600sf Unit is adaptable per Engineer and must be remodelled to those requirements, including maintaining required clearances, providing grab bar backing at showers and lavatories, and cabinetry.
Permit #BLD23-04562
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2023-05-04
Construction Complete
Gut Existing Unit (Inside Only)
Permit #BLD23-02584
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-11-03
Construction Complete
interior remodel to including 1 bathroom addition Remodel Area -----------52sf Bathroom Added ----1ea CURRENT PANEL AMPERAGE: 200 PROPOSED PANEL AMPERAGE: 200 CHANGE OUT / NEW: Change Out - Like for Like SB407 and CF2R-LTG required at final
Permit #BLD22-07006
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-08-08
Construction Complete
Bathroom Remodel, Lighing in Living Room Remodel-----61sf • Remove track lights in living room and patch sheetrock • Install up to eight new LED canned lighting in LR ceiling • Remove master bath tub and replace with a walk in shower, relocate new plumbing • Remove partial 43" (non-structural) interior wall in bathroom • Relocate up to 4 canned lights in bathroom ceiling
Permit #BLD22-04963
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-06-01
Construction Complete
Interior remodel of 1251 square foot condo. No alterations to unit footprint or interior walls; just updating casework, plumbing fixtures (not adding more or moving fixtures) and updating existing lighting. No structural/exterior/window/insulation changes, No changes to sub or main panel. Kitchen & Bath 2 Cabinet doors and toe kicks below the sinks to be removable without special tools to satisfy ADA adaptability
Permit #BLD22-03314
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2022-05-24
Construction Complete
Kitchen and Bath Remodel Remodel-----------375sf Kitchen: replace the countertops, backsplash, sink, faucet and upper cabinets. No plumbing or electrical wiring will be relocated. New pendant lighting into the existing lighting fixtures. Bathrooms we will demo and replace the counter tops, sink/vannities tubs, drains, shower valves, wall tiles and tub enclosure, mirrors, floor and floor tiles. We will have wall heaters removed and circulation fans installed. Re-tile existing fire place with new tile. CF2R-LTG Required at Final Inspection Unit is required to meet adaptable requirements per RDP, see highlighted notes, sheet A-1.0
Permit #BLD22-03157
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2021-08-06
Construction Complete
Interior remodel to include, electric and plumbing, remove & replace cabinetry and interior finishes 697 SF Remodel Area ------------637sf Kitchen ------1ea Bathroom ---1ea Alt Request for air admittance valve at kitchen island approved NLR 11/04/22
Permit #BLD21-04592
Public permit records from the Placer County permit portal, last checked 2026-08-22. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
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% ($187,000)
Home price
$935,000
Loan details
30-yr fixed, 6.5%
