$1,650,000 Active
4001 Northstar Drive #201
Truckee, CA 96161
✓ STR Allowed — No Permit Needed
Placer County lists Iron Horse as an approved condo-hotel (county list of March 16, 2026), so its units need no county STR permit. Check the building's own rental rules.
3 Beds
·
3.0 Baths
·
1,550 Sq Ft

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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 78
Price/Sq Ft $1,065

Property History

Jul 20, 2026
Listed for sale
$1,650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2006 · county record $1,182,527 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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

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
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Premium
72
PROJECTED GROSS ANNUAL REVENUE
$65K – $95K typically ~$80,000
~$6,667 per month
Avg Nightly
$589
Occupancy
37%
Cap Rate
1.9%

STR Investment Summary — 4001 Northstar Drive #201, Truckee

Est. Gross Annual Revenue
$65K – $95K
typically ~$80,000
Avg Nightly Rate
$589
Projected Occupancy
37.2%
Cap Rate
1.9%
Structural Score: 72 / 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.

Building Permit History

Placer County permit records for this parcel

Commercial - Full Review · 2006-02-28
DONE
TENANT: FARRAH RALE BEAD SHOP STE 2102 Contract Price: $50,000-
Permit #TCAA 120272.06
Commercial - Full Review · 2005-11-10
DONE
TENANT: TRUE NORTH BLD J, STE 1111
Permit #TCAA 120035.05
Commercial - Full Review · 2004-06-07
DONE
Temporary power for buildings
Permit #TCAA 117678.04

Public permit records from the Placer County permit portal, last checked 2026-09-28. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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

$11,807 per month
Principal & interest
$8,343/mo
Property taxes
$1,450/mo
1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$1,843/mo
From MLS listing data.
Home insurance
$171/mo
CA FAIR Plan + DIC estimate, ~$1,900–$2,200/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($330,000)
Home price
$1,650,000
Loan details
30-yr fixed, 6.5%
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