$995,000 Pending

16138 Lance Drive

Truckee, CA 96161

This home is pending. See 6 similar homes for sale in and around Truckee ↓

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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.

3 Beds

2.5 Baths

1,980 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 $3,400 – $3,900/yr FAIR Plan + DIC wrap, the usual Tahoe setup

About This Property

RELAUNCHED AT $995,000 — Modern 2019 construction in Glenshire. Completely refreshed and prepped for immediate move-in, this single-level home offers unbeatable value for buyers seeking modern efficiency and low-maintenance Truckee living. Turnkey & Refreshed: Professional deep clean with fresh interior and exterior paint/stain, new kitchen dishwasher and faucet, and custom glass shower doors. Enhanced Outdoor Privacy: Custom deck screening, new fencing, and newly planted trees create a private outdoor setting. Safety & Peace of Mind: Passed defensible space fire inspection, full house and garage fire sprinkler system, and recently serviced furnace and gas fireplace. Massive Gear Vault: Expansive under-house storage area built for mountain toys. Prime Location: Minutes to Glenshire Elementary, local reservoirs, and trails, with fast I-80 access for Reno/Truckee commutes and low $45/month HOA dues.

Listed by Kirsten Soi — Dickson Realty

Listing Details

Status Pending

MLS # 20261914

Days on Market 37

Price/Sq Ft $503

Property History

Sep 08, 2026

Listed for sale

$995,000

Sep 16, 2026

Pending

$995,000

Sale History · changed hands 1×

Sold	Price	Listing agent (sell side)	Buyer agent (buy side)
Aug 2019 · county record	$725,000	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 3

Baths 2.5

Sq. Ft. 1,980

Lot Size 0.36 acres

Year Built 2019

Property Type Single Family Residence

Style Mountain

Subdivision Truckee

County Nevada

STR Jurisdiction Town of Truckee

APN 040050034

Parking

Garage Spaces 2

Parking Features Two, Attached, RV Access/Parking, Garage Door Opener

Attached Garage Yes

Exterior & Lot

Lot Features Street, Corner Lot

View Mountain(s)

Construction Frame

Roof Composition

Foundation Concrete Perimeter

Financial

HOA Fee $561 / Annually

HOA & Community

Community Amenities Pool, Tennis Court(s)

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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 — 16138 Lance 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: 67 / 100 (Premium) · STR Zone: Red

Home Insurance Estimate

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

$3,400 – $3,900/yr

about $304/mo

Est. Rebuild Cost (Coverage A)

$831,600

FAIR Plan (fire)

$2,800/yr

DIC wrap (theft, water, liability)

$600 – $1,100/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

$6,256 per month

Principal & interest

$5,031/mo

Property taxes

$874/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

$47/mo

From MLS listing data.

Home insurance

$304/mo

CA FAIR Plan + DIC estimate, ~$3,400–$3,900/yr — wildfire-zone rates vary; not a bindable quote.

Down payment

20% ($199,000)

Home price

$995,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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