$615,000
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

About This Property

Set in one of the most coveted slopeside locations at Palisades Tahoe Lodge, this residence showcases sweeping panoramic views of KT 22, Cushing’s Pond, Wa She Shu, and the iconic Olympic Valley peaks. Located at the base of Palisades Tahoe, it offers immediate access to the lifts with no parking reservations and no ski traffic, just effortless days on the mountain. Inside, the open living and dining areas are positioned to take in the mountain backdrop, creating an inviting space to relax and unwind. Whether fueling up before first chair or settling in after an afternoon on the mountain, the kitchenette is designed for everyday convenience and comfort. A separate sleeping area offers added privacy, and the full bath with an oversized tub provides the perfect place to unwind after a full day on the slopes. Experience an unparalleled mountain lifestyle at Palisades Tahoe Lodge, offering true ski-in ski-out living paired with full-service resort-style amenities. Owners enjoy 24-hour front desk and concierge services, effortless access to world-class terrain, a fully equipped health club and spa, sauna and steam rooms, and five hot tubs, two indoor and three outdoor, for year-round relaxation. Additional amenities include a seasonal heated outdoor pool, high-speed internet, a ski check room with valet ski tuning, housekeeping for seamless lock-and-leave ownership, covered parking, and convenient bike storage during the summer months. For those seeking income potential, the property can be easily placed in the on-site rental program, offering a streamlined investment opportunity while maintaining personal-use flexibility. Just steps from Palisades Tahoe Village and only six miles from Lake Tahoe, this is premier slopeside ownership in one of North Tahoe’s most sought-after resort communities.

Listed by Jovanah McKinney — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20260222
Days on Market 23
Price/Sq Ft $1,094

Property History

Feb 23, 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
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
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%

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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