$1,250,000 Active
19085 Glades Place
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.

About This Property

Where first tracks meet elevated mountain living. Set within the private gated M25 community at Northstar California, this exceptional ski-in, ski-out homesite offers a rare chance to build directly on the mountain in one of Tahoe’s most exclusive slopeside enclaves. With a private ski trail running along the rear property line and panoramic mountain views stretching beyond the treetops, every detail of this setting is designed around year-round adventure and effortless access to the outdoors. Located mid-mountain just above Northstar Village and moments from the Ritz-Carlton, Lake Tahoe, the homesite combines true ski accessibility with privacy and luxury amenities. Ownership includes access to the Mountainside Treehouse, featuring a private pool, fitness center, sports courts, lounge areas, and outfitter concierge services curated for Tahoe living at its best. With only 25 homesites in M25 and this being the sole remaining opportunity available, this is a rare offering to create a fully custom legacy property in the heart of Northstar.

Listed by Jamison Blair — COMPASS

Listing Details

Status Active
MLS # 20261000
Days on Market 10

Property History

May 26, 2026
Listed for sale
$1,250,000
Property Overview
Lot Size 0.68 acres
Property Type Single Family Residence
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110-660-022-000
Exterior & Lot
Lot Features Upslope,Gentle
View Panoramic,Wooded,Mountain,Ski Resort
HOA & Community
Community Amenities POOL,CROSS COUNTRY SKIING,DOWN HILL SKIING,EXERCISE EQUIPMENT
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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%

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% ($250,000)
Home price
$1,250,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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