$1,945,000
16356 Greenlee
Truckee, CA 96161
⚠ 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
·
3,146 Sq Ft
Virtual Tour

About This Property

Tucked away on over five private, forested acres in the beautiful Russell Valley, this property captures the best of mountain living with room to spread out, space for animals and recreation, and breathtaking views of Russell Valley, Mt. Rose, and Northstar. Nearby, Boca, Prosser, and Stampede reservoirs offer boating, fishing, and summer fun, while winter brings world-class skiing at Palisades Tahoe, Northstar, and the Donner Summit ski areas just a short drive away. The home has a warm mountain architectural style, with vaulted ceilings in the main living area that create a sense of light and openness. Solid hickory flooring, in-floor hydronic heat, and expansive windows framing the surrounding landscape add to the feeling of comfort and quality. The great room flows seamlessly into the kitchen and dining areas, opening to an extensive wraparound deck with space for entertaining, relaxing, and soaking in the hot tub while taking in the views. Designed for both convenience and flexibility, the layout features three bedrooms, a full hall bath, a laundry room, and the main living areas upstairs. Downstairs includes the attached garage, mudroom, bonus room, gym or office plumbed and wired for a future kitchen, a full bath, and an additional bedroom. A dedicated toy garage offers ample space for boats, RVs, and all the gear that comes with the Tahoe lifestyle. The property also includes a 2,000 square foot, four-horse barn with turnouts and a spacious arena, providing an excellent setup for riding, training, or simply enjoying the open space. A widespread irrigation system keeps the land vibrant, making it equally suited for horses, gardening, landscaping, or other recreational uses. With four bedrooms, three baths, and over five acres, this is more than a home. It is a retreat that combines the quiet beauty of the mountains with quick access to downtown Truckee for dining, shopping, and community.

Listed by Linda Granger — Christie's Int'l R.E. Sereno

Listing Details

Status Active
MLS # 20251999
Days on Market 216
Price/Sq Ft $618

Property History

Aug 29, 2025
Listed for sale
$1,945,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 3,146
Lot Size 5.06 acres
Stories 2
Year Built 2006
Property Type Single Family Residence
Style Mountain
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 048-020-015-000
Parking
Parking Features Three
Exterior & Lot
Exterior Features High Ceilings,Landscaping,Zoned for Horses,Hot Tub
Lot Features Upslope,Gentle
View Mountain,Meadow
Construction Framed
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Propane,Hydronic,Radiant,In Floor
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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 — 16356 Greenlee, Truckee

Est. Annual Revenue
$81,898
Avg Nightly Rate
$822
Projected Occupancy
27.2%
Cap Rate
1.7%
Structural Score: 72 / 100 (Premium) · STR Zone: Green

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% ($389,000)
Home price
$1,945,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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