$1,245,000
970 Northstar Drive #306
Truckee, CA 96161
⚠ STR Permit Cap Reached
Town of Truckee STR permit cap has been reached. 1-year waiting period after purchase before you can apply. Verify current waitlist status before buying.
2 Beds
·
2.0 Baths
·
1,238 Sq Ft
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About This Property

The Northstar Lodge has a prime ski-in location at the base of Home Run with direct access to the Highlands gondola providing an easy connection to skiing and The Ritz-Carlton, Lake Tahoe. Spacious and inviting, this two bedroom residence is the perfect adventure hub year-round to explore Northstar and the Lake Tahoe area. A very livable layout is enhanced with thoughtful high end finishes such as large windows, Viking appliances, hardwood floors and roomy bathrooms. The bedrooms feel private and well-appointed and the balcony enjoys forest and beautiful mountain views. Residence 306 is conveniently located in the main building which allows for convenient access to amenities including a ski valet, front desk, movie theater, pool, hot tub and activity center. Owners appreciate the underground heated parking and proximity to the Village shops and restaurants.

Listed by Katie Tyler — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20250822
Days on Market 330
Price/Sq Ft $1,006

Property History

May 09, 2025
Listed for sale
$1,245,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,238
Stories 1
Year Built 2008
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Town of Truckee
APN 705-306-000-000
Parking
Parking Features One
Exterior & Lot
Lot Features Level
View Mountain,Ski Resort
Utilities & Systems
Heating CFAH
Financial
HOA Fee $8,986
HOA & Community
Community Amenities Pool,Exercise Equipment
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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 — 970 Northstar Drive #306, Truckee

Est. Annual Revenue
$35,293
Avg Nightly Rate
$245
Projected Occupancy
40.1%
Cap Rate
1.1%
Structural Score: 56 / 100 (Premium) · STR Zone: Green

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($249,000)
Home price
$1,245,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
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License #CA 02235314
Email 9166671444

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