$4,790,000 Active
9400 Heartwood Drive
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.
5 Beds
·
5.5 Baths
·
4,035 Sq Ft

About This Property

Designed to feel both sophisticated and inviting, this home is modern yet warm, refined yet livable—a standout retreat positioned perfectly for mornings at the clubhouse, afternoons on the course, and snowy fireside evenings. Designed by acclaimed architect Donald Joseph, this brand-new home is a contemporary mountain masterpiece, thoughtfully crafted for modern mountain living. A refined, intentional floor plan balances openness with privacy, while custom architectural details and curated design elements evoke a sense of serenity, subtly reflecting the beauty of the surrounding landscape. Located within Schaffer's Mill, one of Truckee's most coveted gated golf communities, the home is ideally positioned just minutes from Northstar Ski Resort and Lake Tahoe. Striking modern architecture pairs effortlessly with the tranquility of its golf course setting, creating a home that feels both sophisticated and deeply connected to its surroundings. At the heart of the home, the chef's kitchen makes a bold statement with sleek dark cabinetry, custom chandeliers, and built-in bar shelving. Open to the living and dining areas, the space is designed for connection and effortless entertaining. Expansive glass doors extend the living area to a heated outdoor patio with a built-in BBQ, creating seamless indoor-outdoor living in every season. The home features five bedrooms and five-and-a-half bathrooms, including two luxurious primary suites designed as private retreats. Spa-inspired bathrooms feature heated floors, while the primary suite is elevated by a dual-shower experience that transforms into a steam sauna. Thoughtful details continue throughout, including a dedicated mudroom and ski closet, custom garage cabinetry, and EV-charging readiness. Located behind the gates of Schaffer's Mill, one of Truckee's premier private golf and mountain communities, owners enjoy exceptional amenities and a prime location just minutes from Northstar California Resort, Lake Tahoe, and endless year-round recreation. The HOA fees include the community's Social Membership with no additional initiation fee, providing access to Schaffer's Mill's on-site amenities, dining, fitness facilities, a resort-style pool, and family programming, as well as exclusive access to the private Northstar ski lounge and seasonal shuttle service to Northstar. For golf members, ownership also includes access to the prestigious Troon Privé Privilege program, offering reciprocal playing opportunities and preferred access to an exclusive network of private clubs and premier golf destinations worldwide. Modern design. Meticulous craftsmanship. An exceptional Schaffer's Mill location. Available for private tours daily.

Listed by Eric Navarro — COMPASS

Listing Details

Status Active
MLS # 20261503
Days on Market 1
Price/Sq Ft $1,187

Property History

Jul 19, 2026
Listed for sale
$4,790,000
Property Overview
Beds 5
Baths 5.5
Sq. Ft. 4,035
Year Built 2025
Property Type Single Family Residence
Style Modern
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 107040004000
Parking
Garage Spaces 2
Parking Features Two, Attached
Attached Garage Yes
Exterior & Lot
Lot Features On Golf Course, Landscaped
View Trees/Woods, Mountain(s), Golf Course
Utilities & Systems
Heating CFAH, Hydronic
Cooling Air Conditioning
Financial
HOA Fee $11,084 / Annually
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Exercise Equipment, Other/See Remarks
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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 — 9400 Heartwood Drive, Truckee

Est. Annual Revenue
$182,871
Avg Nightly Rate
$1563
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 74 / 100 (Premium) · 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% ($958,000)
Home price
$4,790,000
Loan details
30-yr fixed, 6.5%
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