$4,295,000 Active
340 Elias Baldwin
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.
5 Beds
·
5.5 Baths
·
5,936 Sq Ft
Virtual Tour

About This Property

OPEN 7/25 1-5pm. New Photos Coming Soon - Open most weekends. The Overlook Lodge A Classic Tahoe Estate in the Heart of the Private Lahontan Golf Community, Truckee, California. Built in 2002 and spanning 5,936 square feet, this 5-bedroom, 5.5-bathroom estate is crafted for connection, celebration, and comfort. Located in a quiet, sun-drenched cul-de-sac within Truckee’s prestigious Lahontan Golf Community, The Overlook Lodge invites you to live with intention. Surrounded by pine-scented breezes, open skies, and sweeping views of Lookout Mountain and the 17th fairway, this mountain retreat was designed to elevate everyday living with enduring craftsmanship and thoughtful luxury. From the moment you arrive, the home’s presence is undeniable. Architectural stone pillars rise inside and out, blending into native landscaping and an alpine backdrop. Soaring timber beams and custom ironwork hint at the meticulous detail within. Inside, walnut hardwood floors stretch across the main level, softened by Sierra antique stone inlays and warmed by a hydroponic radiant floor heating system. The great room is anchored by a dramatic four-sided stone fireplace and a wall of picture windows that frame the surrounding mountain landscape, filling the home with natural light and a grounded sense of place. A chef’s kitchen offers commercial-grade Kitchenaid appliances, a Viking range, solid granite counters, a dedicated ice maker, and two dishwashers. Solid Alder cabinetry and an oversized island provide warmth and workspace, while a custom buffet and bar with a beverage fridge offer the perfect extension for effortless entertaining. A sunny breakfast nook adds comfort for everyday meals and morning coffee. Two large front-facing viewing decks offer sweeping views of Northstar and the high Sierras.

Listed by MelindaTilly Mezger — Chase International - Trk

Listing Details

Status Active
MLS # 20261529
Days on Market 3
Price/Sq Ft $724

Property History

Jul 22, 2026
Listed for sale
$4,295,000
Property Overview
Beds 5
Baths 5.5
Sq. Ft. 5,936
Lot Size 0.50 acres
Year Built 2002
Property Type Single Family Residence
Style Old Tahoe
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 109240023000
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Cul-De-Sac
View Panoramic, Mountain(s), Golf Course, Ski Resort
Construction Frame, Masonry, Wood Siding
Roof Composition
Utilities & Systems
Heating Natural Gas, Hydronic
Financial
HOA Fee $6,500 / Annually
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Cross Country 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%

STR Investment Summary — 340 Elias Baldwin, Truckee

Est. Annual Revenue
$160,992
Avg Nightly Rate
$1376
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 66 / 100 (Premium) · 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% ($859,000)
Home price
$4,295,000
Loan details
30-yr fixed, 6.5%
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