Sold $1,550,000 $1,650,000 Closed
4001 Northstar Drive #509
Truckee, CA 96161

Get condos like this by email

When a condo like this lists in Truckee at a similar price and size, we email you the same day. No account needed.

SOLD 2026-03-06
Sold for $1,550,000 (listed at $1,650,000)
3 Beds
·
3.0 Baths
·
1,750 Sq Ft

Own this home or one nearby?

What's this home worth today?

It sold for $1,550,000 on 2026-03-06, and prices have moved since. Three boxes: leave your number and Murat calls you with what it would sell for today, priced from the latest closed sales nearby.

Priced by a local broker from real closed MLS sales near you. Free, no obligation.

Looking to buy instead? See similar homes for sale nearby ↓

Our data on this home

About This Property

Perched privately on the top floor of Iron Horse South, this 3-bedroom, 3-bath condo features vaulted ceilings, fresh paint, and awe-inspiring mountain views. The elevated setting ensures privacy, while the thoughtful layout includes a bunk room, a private master suite with work area and walk-in closet, and a third en suite bedroom. Owners enjoy premium amenities such as ground floor ski lockers, a fitness center with hot tubs and steam, and heated underground parking. Just steps from the Highlands Gondola, with shops, dining, and the Village ice-skating rink right outside your door, this residence delivers the ultimate in convenient Northstar Village living.

Listed by Tori Long — Carr Long Real Estate

Listing Details

Status Closed
MLS # 20252227
Sold Date 2026-03-06
Sold Price $1,550,000
Price/Sq Ft $943

Property History

Sep 29, 2025
Listed for sale
$1,750,000
Current
Sold
$1,550,000
Property Overview
Beds 3
Baths 3.0
Sq. Ft. 1,750
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103090020000
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project
View Ski Resort
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $1,986 / Monthly
HOA & Community
Community Amenities Pool, Cross Country Skiing, Down Hill Skiing, Exercise Equipment, Other/See Remarks

STR Investment Summary — 4001 Northstar Drive #509, Truckee

Est. Gross Annual Revenue
$55K – $95K
typically ~$75,000
Avg Nightly Rate
$552
Projected Occupancy
37.2%
Cap Rate
1.8%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Northstar / Martis Valley market data (145 comparable 3-bedroom rentals, 2026-10); 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.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$2,200 – $2,500/yr
about $196/mo
Est. Rebuild Cost (Coverage A)
$525,000
FAIR Plan (fire)
$1,800/yr
DIC wrap (theft, water, liability)
$400 – $700/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message