$485,000
420 Shirley Canyon Road #29
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
·
621 Sq Ft
Virtual Tour

About This Property

Discover the ultimate mountain getaway! Perfectly situated along the Creek and Backing towards the tram face, this rarely available 1-bedroom, 1-bath condo is your key to peace, powder, and personal adventure—all at an attainable price. Step inside and instantly feel at home. The sunlit open-concept living space offers a cozy retreat after a day on the slopes, while galley kitchen is ideal for quick meals or après-ski gatherings. Enjoy your morning coffee on a private balcony surrounded by towering pines, with the only sounds being birdsong and the gentle rush of Shirley Canyon Creek. Walk to the lifts at Palisades Tahoe in minutes—then return to your quiet haven, far from the crowds. With spacious gear storage and separate laundry facility, your weekends remain hassle-free. High-speed internet means you can work remotely in the early morning and hit the slopes by 9 am. Savvy buyers will love the flexibility: use it as your exclusive escape, or generate income with short-term rentals when you’re away. This is mountain living designed for the discerning buyer—those who crave adventure, but value tranquility, privacy, and a smart investment. Whether you’re sharing mornings with family or unwinding solo after a day outdoors, Unit 29 is the basecamp you’ve been searching for.

Listed by Christy Morrison — Home and Slate Real Estate

Listing Details

Status Active
MLS # 20260304
Days on Market 8
Price/Sq Ft $781

Property History

Mar 10, 2026
Listed for sale
$485,000
Property Overview
Beds 1
Baths 1.0
Sq. Ft. 621
Stories 1
Year Built 1970
Property Type Residential
Style Mountain
Subdivision Squaw Valley
APN 096-400-024-000
Parking
Parking Features None
Exterior & Lot
Exterior Features High Speed Internet
Lot Features Level
View Mountain,Ski Resort,River/Creek
Utilities & Systems
Heating Electric
Financial
HOA Fee $579
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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% ($97,000)
Home price
$485,000
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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