$225,000
5001 Northstar Drive #207 March Wk. 1 - Share 7
Truckee, CA 96161
STR Status Unknown
4 Beds
·
4.5 Baths
·
2,780 Sq Ft
Virtual Tour

About This Property

Here's a rare opportunity to own a premier Great Bear Lodge penthouse residence in the heart of the Village at Northstar — at a fraction of the cost. Perched above the iconic ice rink, this penthouse is considered the best-of-the-best among Village residences, offering an incredibly spacious and luxurious 2,780 square feet of beautifully designed living space. The 4-bedroom, 4.5-bathroom floor plan features private elevator access that delivers you directly into the home, creating a true sense of exclusivity. Designed for effortless mountain living, the residence boasts a full chef’s kitchen with Wolf and Subzero appliances, a wet bar, wine refrigerator, and ample seating for gathering with family and friends. Rich hardwood flooring, soaring ceilings, classic mountain furnishings, a cozy gas fireplace, and multiple patios create a warm and sophisticated retreat after a day of adventure. A private den with an iMac computer and a guest suite with two double beds ensure flexible, comfortable accommodations for all. Step onto the oversized, furnished terrace to take in stunning views of the skating rink, the Village, and the surrounding Sierra peaks. Whether you're carving first tracks at Northstar California Resort, hiking and biking through summer trails, or simply soaking in the vibrant Village atmosphere, every amenity is just steps from your door — including dining, shopping, movies, and gondola access. Ownership includes a comprehensive suite of premium amenities: direct slope access, secure heated underground parking, private storage, a heated outdoor pool, rejuvenating hot-tub spas, and a state-of-the-art fitness center. Additionally, owners enjoy exclusive privileges at Tahoe Mountain Club while in residence, featuring a private village lodge with ski valet, an enticing restaurant and bar, and an on-mountain dining retreat overlooking the Sierra Crest. This 1/8th share offers all the perks of full ownership without the year-round commitment, providing approximately six weeks of flexible, + unlimited generous usage when available annually, managed through a professionally operated rotating calendar. Quarterly dues cover HOA fees, property taxes, insurance, utilities, reserves for replacement, maintenance, Tahoe Mountain Club membership (when in residence), heated underground parking, and a private storage cage — creating a seamless, all-inclusive ownership experience. Unlike many fractional opportunities, this residence also allows you to rent out your reserved weeks to help offset carrying costs. Inquire for details on rental performance and gross income potential. Don't miss this incredible opportunity to create lasting mountain memories at a fraction of the cost. Experience elevated living in one of the Village at Northstar’s finest penthouse residences — where luxury, adventure, and effortless mountain lifestyle come together.

Listed by Justin Swett — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20250749
Days on Market 319
Price/Sq Ft $81

Property History

May 03, 2025
Listed for sale
$225,000
Property Overview
Beds 4
Baths 4.5
Sq. Ft. 2,780
Stories 1
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
APN 103-020-029-530
Parking
Parking Features One
Exterior & Lot
Exterior Features Rental History,High Speed Internet,Hot Tub,Steam Shower,Ski In/Ski Out,Air Conditioning
Lot Features Level
View Mountain,Ski Resort
Roof Composition,Metal
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $3,846
HOA / Community https://portal.eastwest.com/community/documents/a/
HOA & Community
Community Amenities Pool,Other/See Remarks
📊

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%

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% ($45,000)
Home price
$225,000
Loan details
30-yr fixed, 6.5%
Request a Tour
Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

Send a Message

Or call directly: 9166671444