$1,650,000 Closed
4001 Northstar Drive #509
Truckee, CA 96161
SOLD 2026-03-06
Sold for $1,550,000 (listed at $1,650,000)
3 Beds
·
3.0 Baths
·
1,750 Sq Ft

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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.

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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
$50K – $75K
typically ~$65,000
Avg Nightly Rate
$479
Projected Occupancy
37.2%
Cap Rate
1.5%
Structural Score: 60 / 100 (Premium) · STR Zone: Green

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.

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