$359,000 $389,000 ↓ $30,000 reduced Active Partial Ownership
Heads up: This listing is a partial ownership / fractional share — you would be buying a share of the property (not the whole home). Carefully review the listing details and any ownership documents before making an offer.
237 Basque #2
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.
4 Beds
·
3.0 Baths
·
2,816 Sq Ft
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About This Property

New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. Along Basque Drive in Truckee's Northstar community, Nestled Pines is a fully remodeled log cabin-style home with vaulted ceilings, a stone fireplace and Martis Valley views from the main living level. The three-level exterior has warm wood siding, a two-car garage and a deck that backs to a private green space. The open plan great room soars beneath vaulted ceilings, anchored by a stone fireplace and a wall of windows that frames the valley beyond. The kitchen has brown cabinetry, light stone countertops, a professional-grade gas range and a center island with breakfast bar seating. Two primary suites each have spa-caliber en suite baths, and two additional bedrooms complete the layout across three levels. The wooden deck and hot tub extend the living spaces into the mountain air, with the Martis Valley views as a backdrop. Northstar California Resort's ski terrain and trails are close, with the Northstar HOA's outdoor pools, tennis courts and fitness center available to owners. Lake Tahoe's beaches and hiking trails are a short drive away. Nestled Pines is fully designed, furnished and managed by Pacaso. Ownership here is effortless by design, with every detail handled well before owners arrive.

Listed by Maxx Rifkin — Pacaso, Inc.

Listing Details

Status Active
MLS # 20242389
Days on Market 594
Price/Sq Ft $127

Property History

Dec 03, 2024
Listed for sale
$359,000
Property Overview
Beds 4
Baths 3.0
Sq. Ft. 2,816
Lot Size 0.28 acres
Year Built 1997
Property Type Timeshare
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110390033000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods
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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 — 237 Basque #2, Truckee

Est. Annual Revenue
$58,755
Avg Nightly Rate
$344
Projected Occupancy
46.8%
Cap Rate
6.5%
Structural Score: 75 / 100 (Luxury) · STR Zone: Yellow

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
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% ($71,800)
Home price
$359,000
Loan details
30-yr fixed, 6.5%
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