$3,195,000 Active
8219 Fallen Leaf Way
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.

About This Property

Build your Martis Camp legacy dream home on this exceptional .95-acre homesite, just walking distance from the slopeside Martis Camp Private Ski Lodge and the Martis Camp Express Chairlift on Northstar California Resort. The location also puts you close to the Tennis Pavilion and Springs Pavilion, with easy access to some of the community's most coveted amenities. The homesite offers filtered mountain views toward Lookout Mountain and the ski slopes at Northstar California, views toward Martis Valley, along with warm southern sun exposure — making for the ideal conditions for your future dream estate. Thoughtfully designed plans by Marsden Architects are available, giving you a rare head start on design review and permitting. A Social Membership is included with purchase, providing immediate access to everything the Martis Camp lifestyle has to offer. With all this, it's easy to see why Barron's named Martis Camp "The Best Place to Own a Second Home in Tahoe."

Listed by Dominic Cristalli — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20261578
Days on Market 1

Property History

Jul 29, 2026
Listed for sale
$3,195,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2016 · county record $1,165,500 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.

Property Overview
Lot Size 0.95 acres
Property Type UnimprovedLand
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106250005000
Exterior & Lot
Lot Features Common Area, Corners Marked
View Filtered, Mountain(s), Ski Resort
Financial
HOA Fee $2,000 / Quarterly
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STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 8219 Fallen Leaf Way, Truckee

Est. Annual Revenue
$109,395
Avg Nightly Rate
$935
Projected Occupancy
32.0%
Cap Rate
1.4%
Structural Score: 45 / 100 (Standard) · STR Zone: Yellow

Based on comparable vacation rental performance data for Truckee. Revenue projections are estimates and may vary.

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

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($639,000)
Home price
$3,195,000
Loan details
30-yr fixed, 6.5%
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