$1,000,000 $1,150,000 ↓ $150,000 reduced Active
4001 Northstar Drive #202
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.
2 Beds
·
2.5 Baths
·
1,365 Sq Ft

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About This Property

This bright, sun-filled two-bedroom residence in Iron Horse South blends comfort and convenience to create a truly effortless Northstar experience. With 1,365 square feet of welcoming living space, it offers plenty of room for family and friends to gather in a cozy Village setting, one that rewards you with a location that's hard to beat. Share a home-cooked meal by the glow of the fireplace insert, then wake up and be on the mountain within minutes, the Highlands Gondola sits just steps from your door. After a full day on the slopes, simply ski back to Iron Horse South and unwind. Soothe tired muscles in the on-site steam room or one of two hot tubs. Later, catch a movie at the Village Cinema, enjoy dinner at a favorite restaurant, or make memories at the Village ice-skating rink. Ownership at Iron Horse South delivers the full resort lifestyle. Here, premier in-house amenities meet unparalleled access to everything Northstar has to offer. It puts you in the center of the action so you can experience it all with ease.

Listed by Tori Long — Carr Long Real Estate

Listing Details

Status Active
MLS # 20261996
Days on Market 22
Price/Sq Ft $733

Property History

Sep 21, 2026
Listed for sale
$1,150,000
Sep 23, 2026
Price reduced
$1,000,000 $1,150,000 ↓ $150,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2007 · county record $1,150,000 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 2
Baths 2.5
Sq. Ft. 1,365
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103080002000
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project, Ski In/Ski Out
View Panoramic, Mountain(s), Ski Resort
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $1,721 / 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 Premium
61
PROJECTED GROSS ANNUAL REVENUE
$50K – $90K typically ~$70,000
~$5,833 per month
Avg Nightly
$516
Occupancy
37%
Cap Rate
2.8%

STR Investment Summary — 4001 Northstar Drive #202, Truckee

Est. Gross Annual Revenue
$50K – $90K
typically ~$70,000
Avg Nightly Rate
$516
Projected Occupancy
37.2%
Cap Rate
2.8%
Structural Score: 61 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Northstar / Martis Valley market data (122 comparable 2-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

$1,700 – $2,000/yr
about $154/mo
Est. Rebuild Cost (Coverage A)
$409,500
FAIR Plan (fire)
$1,400/yr
DIC wrap (theft, water, liability)
$300 – $600/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

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 2026-10-12. 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

$7,811 per month
Principal & interest
$5,057/mo
Property taxes
$879/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
$1,721/mo
From MLS listing data.
Home insurance
$154/mo
CA FAIR Plan + DIC estimate, ~$1,700–$2,000/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($200,000)
Home price
$1,000,000
Loan details
30-yr fixed, 6.5%
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