$3,400,000 Active
10769 Labelle Court
Truckee, CA 96161
⚠ STR Permit Cap Reached
Town of Truckee STR permit cap has been reached. 1-year waiting period after purchase before you can apply. Verify current waitlist status before buying.
5 Beds
·
4.5 Baths
·
3,485 Sq Ft

About This Property

Sometimes a house is more than a house. Sometimes it's a fully curated experience — every detail considered, every finish selected, nearly everything included — and all that's left for you to do is show up. Completed in 2024 by Reyes Construction, this mountain modern residence in Gray's Crossing shows like a model home because it was finished like one. Folded rooflines and warm cedar soffits give way to walls of Andersen glass that pull the Jeffrey pines into nearly every room. A two-story white oak slat wall anchors the entry and glows from below after dark. Wide-plank white oak floors run throughout, joined by custom woodworking, blackened metal railings, and custom tile work in every bath. The great room rises to vaulted ceilings around a linear gas fireplace set in marble, then opens to a chef's kitchen built for real gathering: white oak cabinetry, a marble waterfall island with seating, professional Thermador appliances, panel-ready refrigeration, and a butler's pantry just off the main run. A wet bar with wine refrigerator sits at the landing, exactly where you'd want it. The primary suite looks out to its own deck through a wall of glass, with a spa bath featuring a freestanding soaking tub, dual vanities, and a walk-in shower. Additional bedrooms are generously sized and thoughtfully appointed. Downstairs, a media room invites long winter evenings; upstairs, a light-filled loft offers a quieter second living space. Behind the finishes is a house engineered to disappear into the background of your life. A fully programmable Lutron lighting system sets any scene at a touch. Sonos and a Samsung audio-video package are installed and ready, with the home prewired for whole-house audio. Hunter Douglas window treatments throughout. Two laundry rooms with Samsung machines, so nobody carries a basket up three flights. Outside, a covered deck with cedar ceiling runs the length of the home for dining and lounging above the treetops, stepping down to a stone patio and level lawn. A private hot tub sits just off the deck, sheltered and ready year-round. What sets this offering apart is what comes with it. Offered turnkey and fully furnished — furnishings, art, appliances, and electronics all included, with a short list of seller exclusions. There is no punch list, no shopping trip, no waiting on a design team. Arrive with a bag and start living in it the same afternoon. For a buyer who wants the mountain house without the mountain project, this is the easiest transaction you'll find in Truckee.

Listed by David Gove — Real Broker, LLC

Listing Details

Status Active
MLS # 20261793
Days on Market 1
Price/Sq Ft $976

Property History

Aug 27, 2026
Listed for sale
$3,400,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2024 $3,112,000 David GoveColdwell Banker Realty Kristen PepinDudum Real Estate Group, 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 5
Baths 4.5
Sq. Ft. 3,485
Lot Size 0.40 acres
Year Built 2024
Property Type Single Family Residence
Style Modern
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 019780009000
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Filtered, Mountain(s)
Construction Frame
Roof Composition, Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $221 / Monthly
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
61
PROJECTED GROSS ANNUAL REVENUE
$73K – $196K typically ~$125,658
~$10,472 per month
Avg Nightly
$1074
Occupancy
32%
Cap Rate
1.5%

STR Investment Summary — 10769 Labelle Court, Truckee

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$73K – $196K
typically ~$125,658
Avg Nightly Rate
$1074
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 61 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for Truckee. 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.

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% ($680,000)
Home price
$3,400,000
Loan details
30-yr fixed, 6.5%
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