$495,000 Active
3168 Aspen Grove
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.
1 Beds
·
1.0 Baths
·
736 Sq Ft
Virtual Tour

About This Property

A beautifully renovated one-bedroom condo in the heart of Aspen Grove, just steps from the Village at Northstar. This residence blends clean mountain design with thoughtful upgrades throughout, while its coveted setting backing to trails, a seasonal creek, and a forested landscape creates a calm, private mountain retreat. The renovated interior features beautiful stone countertops, an open-concept living space perfect for gathering with friends and family, and soaring vaulted ceilings that welcome you the moment you walk in. As a top-floor residence, the loft bedroom is filled with incredible natural light and feels both open and cozy. When the snow is right, the ski-back trail runs directly behind the condo. Prefer a lift? The complimentary shuttle delivers you to the Village in just minutes. In the summer, hiking and biking trails begin right outside your door, while the NPOA Recreation Center—with pools, fitness facilities, tennis, pickleball, and more—is just up the road. Gated parking adds convenience, especially on busy ski weekends, and the property has an excellent rental history. This is a rare turn-key opportunity in an unbeatable Northstar location with an excellent rental history.

Listed by Tallentyre Fletcher — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20261370
Days on Market 47
Price/Sq Ft $673

Property History

Jul 03, 2026
Listed for sale
$495,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2020 · county record $450,000 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.

Property Overview
Beds 1
Baths 1.0
Sq. Ft. 736
Year Built 1973
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110100010000
Parking
Parking Features None
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods, Mountain(s), Ski Resort
Roof Metal
Financial
HOA Fee $549 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Exercise Equipment
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
50
PROJECTED GROSS ANNUAL REVENUE
$4K – $26K typically ~$15,291
~$1,274 per month
Avg Nightly
$113
Occupancy
37%
Cap Rate
1.2%

STR Investment Summary — 3168 Aspen Grove, Truckee

Est. Gross Annual Revenue
$4K – $26K
typically ~$15,291
Avg Nightly Rate
$113
Projected Occupancy
37.2%
Cap Rate
1.2%
Structural Score: 50 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Northstar / Martis Valley market data (120 comparable 2-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.

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% ($99,000)
Home price
$495,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message