Tucked away on the quiet cul-de-sac end of Basque within the heart of Northstar, 265 Basque presents a welcoming mountain retreat designed for comfort, light, and year-round enjoyment. Spanning 1,600 square feet, the home offers three well-appointed bedrooms, including a convenient main-level bedroom and two spacious upstairs suites—each with its own en-suite bath for privacy and ease. The living spaces are filled with natural light, creating a warm and inviting atmosphere throughout the home. A generous front deck provides the perfect setting for morning coffee, après-ski gatherings, or simply taking in the peaceful alpine surroundings. Thoughtful features such as heated bathroom floors, Toto toilets, and a deep jetted soaking tub add an extra layer of comfort and quality. Practicality meets mountain living with a flat driveway attached, with multiple parking spaces plus a one-car attached garage—rare and appreciated features during the winter months. From this quiet setting, residents also enjoy convenient year-round access to the Northstar shuttle, offering effortless transportation to the ski mountain, The Village at Northstar, and the amenities of the NPOA Recreation Center, not to mention miles of hiking and biking on the Tompkins Memorial Trail. The result is a home that balances tranquility with easy access to everything that makes Northstar a beloved four-season destination.
Listed by Lisa Smith — Carr Long Real Estate
Listing Details
StatusActive
MLS #20260279
Days on Market206
Price/Sq Ft$843
Property History
Mar 06, 2026
Listed for sale
$1,498,000
Aug 06, 2026
Price reduced
$1,450,000
$1,498,000
↓
$48,000
Sep 23, 2026
Price reduced
$1,350,000
$1,450,000
↓
$100,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
Nov 2012
· county record
$525,000
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.
Community AmenitiesPool, Tennis Court(s), Golf Course, 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
Yellow Zone
STRUCTURAL SCOREPremium
70
PROJECTED GROSS ANNUAL REVENUE
$60K – $85Ktypically ~$75,000
~$6,250 per month
Avg Nightly
$552
Occupancy
37%
Cap Rate
2.3%
STR Investment Analysis
STRUCTURAL SCORE
LEGAL OCCUPANCY
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.
Nightly rates and occupancy from Northstar / Martis Valley market data (145 comparable 3-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.
NG FAU CHANGE OUT 70K BTUS. USE EXISTING ELECTRICAL & DUCTWORK. NEW / REPLACEMENT: Replace Existing # OF SYSTEMS: null DUCT AFFECTED: 0 SYSTEM TYPE: Split System
Permit #BLD26-02664
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-03-20
Expired
Converting existing deck into the living room extension, adding a new 2-car garage and adding a master bedroom above existing garage.
Tear off existing roof and install ice and water HT on entire roof with one layer of versa shield on entire roof and install standing seam metal panels.
Permit #BLD23-02255
Building-Residential Other · 2014-07-03
Expired
Remodel bathroom to create 2 bathrooms Remodel--------------------112sf SB407 is reqd.
Permit #BLD14-00729
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087
Building/Residential/Full Review/NA
DONE
Permit #TCON P115345
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-4
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-3
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-3
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-4
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-5
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-5
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-2
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-6
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-2
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-1
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633
Building/Residential/Full Review/NA
DONE
Permit #TCON 56087-6
Building/Residential/Full Review/NA
DONE
Permit #TCON 56633-1
Public permit records from the Placer County permit portal, last checked 2026-09-28. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
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
$8,800 per month
Principal & interest
$6,826/mo
Property taxes
$1,186/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
$142/mo
From MLS listing data.
Home insurance
$646/mo
CA FAIR Plan + DIC estimate, ~$6,500–$9,000/yr — wildfire-zone rates vary; not a bindable quote.
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Listing and property information shown here is supplied by the MLS and other outside sources, including county assessor, TRPA and short-term-rental permit records. All information is deemed reliable but not guaranteed, is provided for consumers' personal, non-commercial use, and should be independently verified. Square footage, lot size, zoning, rental eligibility and permit status are approximate and subject to change.