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.
6Beds
·
3.0Baths
·
3,300Sq Ft
About This Property
Welcome to 15205 Point Drive, one of Donner Lake's most unique and versatile homes, where breathtaking lake views meet incredible flexibility. This spectacular 6-bedroom, 3-bathroom property offers something almost impossible to find: two homes in one. The original 2-bedroom A-frame has been thoughtfully preserved with its own full kitchen, bathroom, private backyard, and expansive lake-facing deck. It can be completely locked off, making it ideal for guests, multi-generational living, long-term rental income, or creating the ultimate family legacy retreat. The main residence is equally impressive, featuring 4 spacious bedrooms, 2 bathrooms, and an absolutely stunning fully remodeled chef's kitchen designed for gathering after unforgettable days at the lake. Walls of windows frame the sparkling water, while another lake-facing deck invites morning coffee, sunset dinners, and endless memories. With three decks, you'll always have the perfect place to soak in the panoramic Donner Lake views. And the lifestyle doesn't stop there: • Attached 2-car garage • RV parking • Boat parking • Donner Lake HOA eligibility with the opportunity to join the coveted waitlist for private beach access and amenities Whether you're searching for an incredible primary residence, a mountain getaway, an investment opportunity, or a home that brings generations together, this property delivers possibilities that rarely come to market.
Listed by Kaili Sanchez — COMPASS
Listing Details
StatusPending
MLS #20261434
Days on Market45
Sold Date2026-09-18
Price/Sq Ft$483
Property History
Jul 10, 2026
Listed for sale
$1,695,000
Aug 05, 2026
Price reduced
$1,595,000
$1,695,000
↓
$100,000
Aug 20, 2026
Pending
$1,595,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Jul 2020
· county record
$900,000
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.
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Red Zone
STRUCTURAL SCORELuxury
75
PROJECTED GROSS ANNUAL REVENUE
$49K – $119Ktypically ~$96,829
~$8,069 per month
Avg Nightly
$560
Occupancy
47%
Cap Rate
2.4%
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.
Legal Occupancy
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
STR Investment Summary — 15205 Point Drive, Truckee
No revenue projection. Short-term rental permits are not currently available here — the local cap is reached and the waitlist is closed.
Est. Gross Annual Revenue
$49K – $119K
typically ~$96,829
Avg Nightly Rate
$560
Projected Occupancy
47.3%
Cap Rate
2.4%
Structural Score: 75 / 100 (Luxury)
· 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
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
