$1,650,000 Active
11310 Thelin Drive
Truckee, CA 96161
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
3.5 Baths
·
2,140 Sq Ft
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About This Property

Tucked into the highly sought-after community of Martiswoods Estates, this beautifully crafted mountain retreat sits on nearly a full acre in one of Truckee’s most desirable neighborhoods. Located just minutes from historic downtown Truckee and conveniently accessible from Interstate 80, 11310 Thelin Drive offers the rare balance of peaceful mountain living and easy access to everything Tahoe has to offer. Known for its quiet setting, large estate parcels, towering pines, and direct access to miles of hiking and biking trails, Martiswoods Estates remains one of Truckee’s premier communities for those seeking both privacy and connection to the outdoors. Blending the warmth of a classic mountain lodge with the comfort and functionality of a modern home, this 4-bedroom, 3.5-bath residence delivers a layout designed for both everyday living and unforgettable weekends with family and friends. The spacious great room serves as the heart of the home, creating an inviting atmosphere for entertaining, relaxing by the fire, or reconnecting after long days on the slopes and trails. Rich wood flooring, hickory cabinetry, concrete countertops, stone finishes, and timeless mountain design elements create a warm yet refined aesthetic throughout the home. Thoughtfully designed with flexibility in mind, the home features a separate sleeping wing complete with built-in bunk beds and a dedicated “kids cave” — the perfect space for movie nights, games, and adventures of their own while the adults enjoy a little well-earned peace and quiet. Outside, the nearly one-acre parcel provides exceptional space and future potential. Whether you envision an additional garage, guest house, ADU, workshop, or expanded outdoor living areas, the property offers room to grow without sacrificing privacy. Additional highlights include: -Large two-car garage with room for gear and toys -Direct access to the nearby 06 Trail system for hiking and biking -Expansive forested setting with peaceful mountain surroundings -Minutes to Palisades Tahoe, Northstar, Sugar Bowl, and Donner Lake -Easy year-round access to Interstate 80 and downtown Truckee This is the kind of property buyers wait years to find — a true mountain lifestyle home with character, space, and access to everything that makes Truckee special.

Listed by David Gemme — Sierra Sotheby's Int Realty TC

Listing Details

Status Active
MLS # 20260884
Days on Market 1
Price/Sq Ft $771

Property History

May 20, 2026
Listed for sale
$1,650,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 2,140
Lot Size 0.92 acres
Stories 2
Year Built 2005
Property Type Single Family Residence
Style Mountain
Subdivision Truckee
County Placer
STR Jurisdiction Town of Truckee
APN 080-360-015-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Rental History
Lot Features Downslope
View Wooded
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
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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%

STR Investment Summary — 11310 Thelin Drive, Truckee

Est. Annual Revenue
$71,823
Avg Nightly Rate
$614
Projected Occupancy
32.1%
Cap Rate
1.7%
Structural Score: 66 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Truckee. 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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($330,000)
Home price
$1,650,000
Loan details
30-yr fixed, 6.5%
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