$2,395,000 Active

11828 Saddleback Drive

Truckee, CA 96161

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⚠ 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.

4 Beds

3.0 Baths

2,726 Sq Ft

Virtual Tour

Our data on this home

Short-term rental income No projection Permit or HOA rules block it — see why Home insurance $6,100 – $7,100/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

Enjoy the best of mountain living in this beautifully designed 4-bedroom, 3-bath custom home in Pine Forest. Offering 2,726 square feet of thoughtfully designed living space, this home is filled with natural light, expansive windows, and a seamless connection between indoor and outdoor living. The open, inviting layout creates the perfect setting for entertaining, relaxing, and enjoying the surrounding mountain lifestyle. A second living area provides added flexibility for a media room, family room, or private retreat. Energy-efficient solar adds to the home's appeal, while its convenient location offers easy access to downtown Truckee, local trails, and year-round outdoor recreation. A wonderful blend of comfort, thoughtful design, and mountain charm in a highly desirable location.

Listed by Nathan Riedel — Engel & Volkers Truckee

Listing Details

Status Active

MLS # 20262228

Days on Market 1

Price/Sq Ft $879

Property History

Nov 13, 2026

Listed for sale

$2,395,000

Sale History · changed hands 1×

Sold	Price	Listing agent (sell side)	Buyer agent (buy side)
Jul 2020 · county record	$150,000	Deed record — brokerage sides not reported

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview

Beds 4

Baths 3.0

Sq. Ft. 2,726

Lot Size 0.58 acres

Year Built 2021

Property Type Single Family Residence

Style Mountain

Subdivision Truckee

County Nevada

STR Jurisdiction Town of Truckee

APN 019710036

Parking

Garage Spaces 2

Parking Features Two, Attached, Insulated, Garage Door Opener

Attached Garage Yes

Exterior & Lot

Lot Features Greenbelt

View Trees/Woods, Mountain(s)

Construction Frame

Roof Composition, Metal

Foundation Concrete Perimeter, Slab

Utilities & Systems

Heating Natural Gas, CFAH, Wood Stove

Financial

HOA Fee $255 / Quarterly

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STR Investment Analysis

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

STR Investment Analysis

Red Zone

STRUCTURAL SCORE Premium

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.

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED GROSS ANNUAL REVENUE

Avg Nightly

Occupancy

Cap Rate

Est. NOI Net Operating Income = annual gross rental revenue minus operating expenses (cleaning, property management, taxes, insurance, HOA, utilities, maintenance, supplies) — but before mortgage payments.

We estimate it as NOI = Projected Annual Revenue × 40%, assuming ~60% of gross goes to operating expenses on a typical Tahoe STR.

NOI feeds the cap rate below: Cap Rate = NOI ÷ List Price.

MONTHLY REVENUE

AVERAGE DAILY RATE

ADJUSTED OCCUPANCY

Estimates based on 2024-2025 comparable rental performance. Actual results vary.

STR Investment Summary — 11828 Saddleback Drive, 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.

Structural Score: 68 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$6,100 – $7,100/yr

about $550/mo

Est. Rebuild Cost (Coverage A)

$1,499,300

FAIR Plan (fire)

$5,100/yr

DIC wrap (theft, water, liability)

$1,000 – $2,000/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

$14,828 per month

Principal & interest

$12,110/mo

Property taxes

$2,104/mo

1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.

HOA dues

$64/mo

From MLS listing data.

Home insurance

$550/mo

CA FAIR Plan + DIC estimate, ~$6,100–$7,100/yr — wildfire-zone rates vary; not a bindable quote.

Down payment

20% ($479,000)

Home price

$2,395,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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