$1,650,000 Active

4001 Northstar Drive #201

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.

3 Beds

3.0 Baths

1,550 Sq Ft

About This Property

Residence 201 at Iron Horse South offers an exceptional slopeside lifestyle with the privacy and comfort of a coveted end-unit location. Abundant windows fill the residence with natural light while framing distant mountain views. Spanning 1,550 square feet, the thoughtfully designed floor plan features a private primary suite tucked away from the two guest bedrooms, a spacious dining area, a gas-insert fireplace, and a private balcony for relaxing after a day on the mountain. Located on the second floor, owners enjoy effortless access to ski lockers, the ground floor fitness center, and the heated underground parking garage. Just steps from the Highlands Gondola, you'll skip the morning traffic, leave the gear hauling behind, and be among the first on the mountain after a fresh Tahoe snowfall.

Listed by Tori Long — Carr Long Real Estate

Listing Details

Status Active

MLS # 20261506

Days on Market 1

Price/Sq Ft $1,065

Property History

Jul 20, 2026

Listed for sale

$1,650,000

Property Overview

Beds 3

Baths 3.0

Sq. Ft. 1,550

Year Built 2005

Property Type Residential

Style Contemporary

Subdivision Northstar

County Placer

STR Jurisdiction Placer County

APN 103080001000

Parking

Garage Spaces 1

Parking Features One, Heated Garage

Attached Garage Yes

Exterior & Lot

Lot Features Condo/PUD Project

View Trees/Woods, Mountain(s), Ski Resort

Construction Frame, Wood Siding

Roof Composition

Foundation Concrete Perimeter

Utilities & Systems

Heating Natural Gas, CFAH

Financial

HOA Fee $1,843 / Monthly

HOA & Community

Community Amenities Pool, 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

PROJECTED ANNUAL REVENUE

$142,500 ($118K – $167K range)

~$11,875 per month

Avg Nightly

$485

Occupancy

68%

Cap Rate

5.2%

STR Investment Analysis

STRUCTURAL SCORE

PROJECTED 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.

STR Investment Summary — 4001 Northstar Drive #201, Truckee

Est. Annual Revenue

$47,567

Avg Nightly Rate

$244

Projected Occupancy

53.5%

Cap Rate

1.2%

Structural Score: 70 / 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

via bonus depreciation

Land Value

Improvement Basis

5-Year Property (18%)

15-Year Property (10%)

Tax Bracket:

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

Property taxes

HOA dues

From MLS listing data.

Home insurance

Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.

Down payment

20% ($330,000)

Home price

$1,650,000

Loan details

30-yr fixed, 6.5%

Start Time

End Time

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