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.
When a condo like this lists in Truckee at a similar price and size, we email you the same day. No account needed.
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
StatusActive
MLS #20261870
Days on Market41
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.
Parking FeaturesOne, Attached, Heated Garage, Garage Door Opener
Attached GarageYes
Exterior & Lot
Lot FeaturesCondo/PUD Project
ViewTrees/Woods, Mountain(s), Ski Resort
ConstructionFrame
RoofComposition
FoundationConcrete Perimeter
Utilities & Systems
HeatingNatural Gas
Financial
HOA Fee$2,900 / Monthly
HOA & Community
Community AmenitiesPool, Down Hill Skiing, Exercise Equipment
📊
STR Investment Analysis
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
Permitted Zone
STRUCTURAL SCOREPremium
70
PROJECTED GROSS ANNUAL REVENUE
$75K – $115Ktypically ~$95,000
~$7,917 per month
Avg Nightly
$813
Occupancy
32%
Cap Rate
1.1%
STR Investment Analysis
STRUCTURAL SCORE
PROJECTED GROSS 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.
MONTHLY REVENUE
AVERAGE DAILY RATE
ADJUSTED OCCUPANCY
Estimates based on 2024-2025 comparable rental performance. Actual results vary.
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.
Sent. The insurance agent will reply to you by email, usually within a business day.
Building Permit History
Placer County permit records for this parcel
RESIDENTIAL: FULL REVIEW - Additions, ADU, Accessory Structures, Pools, Demo, Generators, and Other · 2024-05-24
Construction Complete
Three-and-a-half bathroom remodel, with no drain reconfigurations. Only updating valves and finishes. Plus updating finishes in the main living area and bedrooms.
Permit #BLD24-02750
Commercial - Full Review · 2006-01-09
DONE
TI-TRIX FLIX RETAIL
Permit #TCAA 120153.06
Commercial - Full Review · 2005-12-06
DONE
TI for Double Diamond Jewelry Contract Price: $30,000.00 Seismic- $6.30
BOOTH CREEK SKI HOLDINGS INC TEMPORARY TICKETING RETAIL TENANT IMPROVEMENT
Permit #TCAA 120017.05
Commercial - Full Review · 2005-09-30
DONE
RESTAURANT TENANT IMPROVEMENT - BIG WAVE BURRITOS & WRAPS
Permit #TCAA 119854.05
Commercial - Full Review · 2005-07-25
DONE
OAKLEY TI RETAIL
Permit #TCAA 119506.05
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
Using estimated land ratio. Actual ratio may vary based on county assessment.
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
How Cost Segregation Works:
Cost segregation reclassifies building components into shorter depreciation categories, allowing accelerated deductions.
Calculation:
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.
Your account is verified. Unlocking all premium content...
Something Went Wrong
We couldn't send the verification email. Please try again.
Listing and property information shown here is supplied by the MLS and other outside sources, including county assessor, TRPA and short-term-rental permit records. All information is deemed reliable but not guaranteed, is provided for consumers' personal, non-commercial use, and should be independently verified. Square footage, lot size, zoning, rental eligibility and permit status are approximate and subject to change.
