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About This Property
A rare opportunity to create a custom mountain retreat within the coveted Schaffer’s Mill community. Set on a beautiful homesite with a wooded greenbelt setting, this residential lot offers privacy, filtered mountain views, and the convenience of underground utilities with gas, electric, water, sewer, cable, and phone available at or near the property. Beautiful architectural plans by acclaimed firm Backen & Backen along with interiors by Lexie Saine Design envision a sophisticated modern mountain residence designed to complement its forested surroundings. Featuring warm natural materials, expansive walls of glass, seamless indoor-outdoor living, generous entertaining spaces, and refined contemporary lines. The accompanying images are architectural renderings illustrating the vision and potential for the property. Contact agent for the full scope of plans. Located within Schaffer’s Mill, owners enjoy access to an exceptional collection of amenities including golf, pool, tennis, and fitness facilities. Just minutes from historic downtown Truckee, Northstar California, and the year-round recreation of Lake Tahoe, this homesite presents an extraordinary opportunity to bring a thoughtfully designed mountain residence to life in one of Truckee’s most desirable private communities.
Listed by Clayton Humphries — Compass
Listing Details
StatusActive
MLS #20261907
Days on Market33
Property History
Sep 05, 2026
Listed for sale
$2,000,000
Sale History
· changed hands 1×
Sold
Price
Listing agent (sell side)
Buyer agent (buy side)
May 2025
· county record
$850,000
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.
Community AmenitiesPool, Tennis Court(s), Golf Course, EXERCISE EQUIPMENT
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STR Investment Analysis
See projected rental revenue, occupancy rates, and investment scores.
STR Investment Analysis
STR analysis
STRUCTURAL SCORE—
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PROJECTED GROSS ANNUAL REVENUE
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~— per month
Avg Nightly
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Occupancy
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Cap Rate
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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.
Building Permit History
Placer County permit records for this parcel
3 expired permits
RESIDENTIAL: FULL REVIEW - New Home - Greater than 3,000 sq ft or above 5,000 ft elevation · 2026-05-08
Corrections Required
Outsourced to TRB for review. JW LIVING----------------------------------5,787 SQ FT GARAGE/STORAGE---------------1,266 SQ FT UNCOVERED DECK/PATIO------2,418 SQ FT Square footage verified by TRB. JW Valuation updated. JW PROJECT DATA OCCUPANCY GROUP: R-3/U CONSTRUCTION TYPE: VB RISK CATAGORY: II NUMBER OF STORIES: 3 FIRE SPRINKLERED: YES WUI APPLICABLE: Yes DEFENSIBLE SPACE INSPECTION: YES (SRA) STRUCTURAL OBSERVTION REQUIRED: YES SPECIAL INSPECTION REQUIRED: YES: Soils – Material below foundation meets bearing capacity, Soils – Compaction Test, High Strength Bolting of Titen HD Anchors PROPANE TANK: NO WASTE MANGEMENT: Yes QII: Yes PV SYSTEM INFORMATION – (NO PV REQUIRED) New construction of a three-story wood framed single-family residence with a lower level space, a partial crawl space & an attached garage, deck, and hot tub. ***Certification by Private Engineer, QSD, or QSP*** BMP CERTIFICATION Prior to issuance of Final Occupancy, certification by a licensed Civil Engineer, QSD, or Qualified Stormwater Practitioner (QSP) shall be provided stating that all permanent stormwater quality control measures, site stabilization and any applicable site design and LID measures have been completed per the approved plan. Valuation: $1,894,424.62
Permit #BLD26-03018
COMMERCIAL: FULL REVIEW - New Structures, Tenant Improvements, and Accessories · 2021-08-23
Construction Complete
VERIZON WIRELESS TO UPGRADE EXISTING ANTENNAS AND RADIOS TO NEW The address is not exact. To find the tower, keep heading West on Horned Lark toward Fire Road 06. The tower is near a white/beige water tower to the West. Lat/Long are 39.301113, -120.178411
Permit #BLD21-05031
COMMERCIAL: New Structures, Tenant Improvements, and Accessories · 2018-09-19
Construction Complete
REMOVE AND REPLACE 3 REMOTE RADIO HEADS AND REPLACE **ADMIN ONLY**
Permit #BLD18-04414
COMMERCIAL: New Structures, Tenant Improvements, and Accessories · 2018-03-23
Expired
PROPOSING NEW FREE STANDING BATHROOM ON SCHAFFERS MILL GOLF COURSE AT HOLE 13 AND 14. BATHROOM -----------------171sf COVERED PORCH --------101sf Occupancy --------------B Construction Type -----V-B Sprinklered --------------No Occupant Load ---------2 WUI Required COUNTY INSPECTION REQ'D FOR WATER AND SEWER LATERALS Energy Compliance forms Req'd NRCI-LTI-01-E NRCI-LTI-05-E NRCA-LTI-02-A NRCI-LTO-01-E NRCI-LTO-02-E Revised C1 and CD1 Sheets RTI 5/15/18. SA.
Permit #BLD18-01183
COMMERCIAL: New Structures, Tenant Improvements, and Accessories · 2017-10-31
Expired
REPLACE (3) REMOTE RADIO UNITS (RRUS) WITH UPDATED MODELS, INSTALL 3 NEW RRUS BEHIND THE ANTENNAS. ALL WILL BE PAINTED PER ZONING APPROVAL
Permit #BLD17-04954
Commercial - Full Review · 2015-11-06
Construction Complete
ADDING 6-FT PLATFORM, PRE FABRICIATED PLATFORM Add (6) ANTENNAS ON EXISTING CELL TOWER STANDBY GENERATOR POWER AND TELECOM. Revisions 5/10/2016 C/R $300.000 Revisions 6/13/2017 - Add a snowload rated framed roof on top of premanufactured equipment building RTI with i hr minimum fee due. Placed entire packet in process basket. DCB 7/18/17.
Permit #BLD15-04945
Commercial - Full Review · 2015-08-26
Expired
Electrical to an Emergency Access Gate/ If gate is over 7" require structural drawings and add gate to permit Permit for electrical connection for EVA Gate. Improvement Plans for Phase 3A show EVA connection to Pallisades, with gate (and therefore electrical permit needed). COA 17(D) and 53(N), PSCP-20040186, specify EVA connection to Pallisades as well.
Permit #BLD15-03669
Commercial - Full Review · 2014-09-05
Construction Complete
NEW COMMUNICATION COMPOUND WITH MONOPINE
Permit #BLD14-01838
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
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
$11,870 per month
Principal & interest
$10,113/mo
Property taxes
$1,757/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
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
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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.
