$3,250,000 $3,500,000 ↓ $250,000 reduced Active
7470 Larkspur Lane
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.
4 Beds
·
3.5 Baths
·
2,980 Sq Ft
Virtual Tour

About This Property

Welcome to 7470 Larkspur Lane — a rare opportunity to own one of Northstar’s most desirable luxury residences. Located within the exclusive gated Village Walk Skyline community and just steps from Northstar Village, this exceptional 4-bedroom, 3.5-bath mountain retreat offers the perfect balance of elevated design, effortless convenience, and year-round resort living. Completed in 2023 and now offered as the first resale within the development, this home is part of Northstar’s newest luxury community in over a decade — an opportunity buyers have been waiting for. The heart of the home is the stunning open-concept kitchen and living room, thoughtfully designed to bring people together. Framed by soaring ceilings and dramatic floor-to-ceiling windows, the space is filled with natural light and showcases breathtaking views of the Carson Range and Northstar Resort. The chef’s kitchen is both sophisticated and functional, featuring Manhattan oak cabinetry, quartz countertops, premium stainless steel appliances, a six-burner Wolf range, and a wine cooler. Whether hosting après-ski gatherings, holiday dinners, or quiet evenings by the fire, this expansive great room creates an unforgettable mountain living experience. The thoughtfully designed layout offers exceptional flexibility with two ensuite bedrooms, including a luxurious upstairs primary suite, plus two additional guest bedrooms and a spacious secondary living area downstairs — ideal for hosting family and friends while still offering privacy and multiple entertaining spaces. Seamlessly blending indoor and outdoor living, two private decks capture panoramic mountain views and provide the perfect setting for morning coffee, sunset cocktails, or summer entertaining. After a day on the slopes or trails, relax in the private hot tub while overlooking the mountains and taking in the crisp Tahoe air. Additional features include air conditioning, owned solar panels for enhanced energy efficiency, and access to the Village Swim & Fitness Center and Northstar’s premier resort amenities. This is more than just a home — it’s a lifestyle, an experience, and one of the rarest opportunities in Northstar today. Whether you're searching for the ultimate Tahoe getaway, a luxury investment property, or a legacy mountain retreat for generations to come, 7470 Larkspur Lane is the property you've been waiting for.

Listed by Taylor Halsey — COMPASS

Listing Details

Status Active
MLS # 20260790
Days on Market 138
Price/Sq Ft $1,091

Property History

May 13, 2026
Listed for sale
$3,500,000
Aug 10, 2026
Price reduced
$3,250,000 $3,500,000 ↓ $250,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2022 · via MLS history $2,304,862 — —

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. 2,980
Year Built 2023
Property Type Residential
Style Modern
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 113010022000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Ski Trail, Landscaped, Rental History
View Mountain(s), Ski Resort
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas
Cooling Air Conditioning
Financial
HOA Fee $5,195 / Quarterly
HOA & Community
Community Amenities Pool, Exercise Equipment
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Premium
73
PROJECTED GROSS ANNUAL REVENUE
$80K – $115K typically ~$100,000
~$8,333 per month
Avg Nightly
$856
Occupancy
32%
Cap Rate
1.2%

STR Investment Summary — 7470 Larkspur Lane, Truckee

Est. Gross Annual Revenue
$80K – $115K
typically ~$100,000
Avg Nightly Rate
$856
Projected Occupancy
32.0%
Cap Rate
1.2%
Structural Score: 73 / 100 (Premium) · STR Zone: Yellow

Nightly rates and occupancy from Northstar / Martis Valley market data (85 comparable 4-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

1 open permit
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-07-18
Expired
install a hot tub on the rear deck, connect to pre-installed disconnect. same plans for: BLD22-04413 BLD22-04414 BLD22-04415 BLD22-04416 BLD22-04417 BLD22-04418 BLD22-04419 BLD22-04420 BLD22-04421 BLD22-04422 House permit 20-00990
Permit #BLD22-04418
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2022-04-18
Construction Complete
Installation of a 3.2kW roof-mounted PV system INSTALL LOCATION: Dwelling CURRENT MAIN AMPERAGE: 200 PANEL CHANGEOUT: No PROPOSED AMPERAGE: 200 INVERTER TYPE/SIZE: 10 - Enphase IQ7 Plus NUMBER OF PANELS/TYPE: 10 - REC320 NP MOUNTING SYSTEM: Roof mount SYSTEM OUTPUT (kW): 3.2 TRENCHING / GRADING: No null House permit 21-00990
Permit #BLD22-02336
RESIDENTIAL: New Home - Greater than 3,000 sq ft or above 5,000 ft elevation · 2020-03-10
Construction Complete
Voluntary 3rd Party Review by Apex Compliance Single Family Dwelling, Garage, Porch Living-------------2,980sf Garage--------------576sf Porch----------------480sf Special Inspection Required Structural Observation Required CALCerts Reg #221-P010036652A Spa permit 22-04418 PV permit 22-02336
Permit #BLD20-00990
Building-Non-SFD · 2008-01-24
DONE
2007 CBC CODE Electrical meter pedestal only. This approval does not cover any installations beyong the meter pedestal. For approval of the site lighting see ESD.
Permit #TSUP 123112.08
Building-Non-SFD · 2007-11-08
EXPI
Fab and install sign face to rock pillars
Permit #TSUP 122853.07
Building-Non-SFD · 2007-08-24
DONE
(2) temporary power poles Valuation-$500.00
Permit #TSUP 122538.07
Master Tract > 3000-Plan Check Only · 2007-04-24
Expired
SINGLE FAMILY DWELLING dowhill split LIVING--------- GARAGE------ PORCH--------- DECK----------
Permit #479383
Master Tract > 3000-Plan Check Only · 2007-04-24
Expired
SINGLE FAMILY DWELLING downhill LIVING--------- GARAGE------ PORCH--------- DECK----------
Permit #479384
Residential > 3000 · 2006-03-02
OPEN
DUPLEX TOWNHOME UNIT #18 DOWNHILL FLOOR PLAN R-3 LIVING =.........2852 R-3 MECH RM = .......53 U-1 GARAGE = .......520 COV PORCH = ........297 DECK = ...................363
Permit #466661

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

$21,456 per month
Principal & interest
$16,434/mo
Property taxes
$2,856/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
$1,299/mo
From MLS listing data.
Home insurance
$867/mo
CA FAIR Plan + DIC estimate, ~$8,700–$12,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($650,000)
Home price
$3,250,000
Loan details
30-yr fixed, 6.5%
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