$3,550,000 Active
5001 Northstar Drive #402
Truckee, CA 96161

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✓ STR Allowed — No Permit Needed
Placer County lists Great Bear Lodge 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.
4 Beds
·
3.5 Baths
·
2,534 Sq Ft

Our data on this home

About This Property

Experience an extraordinary mountain lifestyle in this completely remodeled four-bedroom, three-and-a-half-bath residence at Great Bear Lodge, ideally positioned at the heart of the Village at Northstar. With private elevator access opening directly into the residence from the heated underground garage, arrival is effortless and entirely private. No detail was overlooked in this transformative renovation, which showcases an exceptional collection of custom and top-tier finishes, bespoke furnishings, artisan-crafted lighting, and designer fixtures throughout. The kitchen is anchored by a hand-crafted artisan hood, while custom chandeliers and sconces, brand-new Lutron lighting, curated art, and luxurious tile and plumbing fixtures elevate every room. The fourth bedroom is thoughtfully designed as a custom bunk room with four built-in bunks, allowing the residence to comfortably accommodate up to 10 guests—ideal for large families or multiple families traveling together. From the uphill-facing deck, take in views over the Village ice skating rink and enjoy a front-row seat to the energy of Northstar. Just steps from the gondola with effortless gravitational return to Great Bear, and surrounded by Village dining, shopping, entertainment, and après-ski, this is mountain ownership at its most refined, convenient, and connected. A truly turnkey luxury residence where sophisticated design meets the quintessential Northstar lifestyle.

Listed by Tori Long — Carr Long Real Estate

Listing Details

Status Active
MLS # 20261870
Days on Market 49
Price/Sq Ft $1,401

Property History

Sep 03, 2026
Listed for sale
$3,550,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 2021 · via MLS history $2,305,000 — —
Dec 2023 $2,700,000 (+17%) Samantha SwigardCOMPASS Tori LongCarr Long Real Estate

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 4
Baths 3.5
Sq. Ft. 2,534
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103030017000
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project
View Trees/Woods, Mountain(s), Ski Resort
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $2,900 / Monthly
HOA & Community
Community Amenities Pool, Down Hill Skiing, 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
70
PROJECTED GROSS ANNUAL REVENUE
$75K – $115K typically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
1.1%

STR Investment Summary — 5001 Northstar Drive #402, Truckee

Est. Gross Annual Revenue
$75K – $115K
typically ~$95,000
Avg Nightly Rate
$813
Projected Occupancy
32.0%
Cap Rate
1.1%
Structural Score: 70 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Northstar / Martis Valley market data (83 comparable 4-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

$3,100 – $3,600/yr
about $279/mo
Est. Rebuild Cost (Coverage A)
$760,200
FAIR Plan (fire)
$2,600/yr
DIC wrap (theft, water, liability)
$500 – $1,000/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

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

$24,249 per month
Principal & interest
$17,951/mo
Property taxes
$3,119/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
$2,900/mo
From MLS listing data.
Home insurance
$279/mo
CA FAIR Plan + DIC estimate, ~$3,100–$3,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($710,000)
Home price
$3,550,000
Loan details
30-yr fixed, 6.5%
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