$2,350,000 Active
11540 Stillwater Court
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
·
3,334 Sq Ft
Virtual Tour

About This Property

Set at the end of a quiet cul-de-sac in Martiswood Estates, one of Truckee’s most established and sought-after neighborhoods, Stillwater Court offers a rare blend of privacy, character, and immediate access to the outdoors. The near one-acre parcel has the feel of a private mountain retreat, with a beautifully landscaped setting, open lawn areas, fire pit, expansive decks, and a detached storage shed / artist loft. Backing to large acreage property and positioned just across the street from national forest land, the home enjoys a sense of space and serenity that is reminiscent of a national park. For the recreation and outdoor enthusiast, the location is exceptional. Directly across the street, the Sawtooth Trail network extends through national forest land, offering one of the region’s most dynamic and evolving trail systems for mountain biking, hiking, and trail running. Ski resorts, Lake Tahoe, and Downtown Truckee are all within an easy drive, making this an ideal basecamp for year-round mountain living. The home itself is a classic Bavarian-style mountain log cabin, lovingly maintained by one family for more than 30 years. Towering ceilings, warm wood detailing, and decks on all sides create an inviting connection between indoor comfort and the surrounding landscape. The great room serves as the heart of the home, offering a natural gathering place beneath dramatic vaulted ceilings, while an additional family room opens directly to the yard for easy indoor-outdoor living. Both indoor and outdoor dining areas provide flexible spaces for entertaining, relaxing, and enjoying the setting throughout the seasons. Additional features include an integrated sauna, a three-car garage with abundant storage for vehicles and mountain gear, an integrated workshop, and laundry area. The fourth bedroom is configured as a loft above the great room, adding to the home’s classic mountain character. Timeless, private, and deeply connected to its natural surroundings, Stillwater Court is a rare Martiswood offering for those who value space, access, and the enduring appeal of Truckee’s outdoor lifestyle.

Listed by Tallentyre Fletcher — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20261461
Price/Sq Ft $705

Property History

Jul 14, 2026
Listed for sale
$2,350,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,334
Lot Size 0.92 acres
Year Built 1990
Property Type Single Family Residence
Style Log Cabin
Subdivision Truckee
County Placer
STR Jurisdiction Placer County
APN 080350011
Parking
Garage Spaces 3
Parking Features Three, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Landscaped, Rental History
View Trees/Woods, Mountain(s)
Construction Frame, Log
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
📊

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 — 11540 Stillwater Court, Truckee

Est. Annual Revenue
$77,777
Avg Nightly Rate
$444
Projected Occupancy
47.8%
Cap Rate
1.3%
Structural Score: 70 / 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
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% ($470,000)
Home price
$2,350,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message