$2,495,000 $2,595,000 ↓ $100,000 reduced Pending
5001 Northstar Drive #302
Truckee, CA 96161

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✓ STR Allowed — No Permit Needed
Placer County lists Great Bear Lodge as an approved condo-hotel (county list of March 16, 2026), so its units need no county STR permit. Check the building's own rental rules.
3 Beds
·
3.5 Baths
·
2,534 Sq Ft
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Our data on this home

About This Property

Great Bear 302 - The Crown Jewel of The Village at Northstar. Welcome to Great Bear, the premier address in The Village at Northstar, where luxury, convenience, and alpine adventure converge. Perfectly positioned directly above the iconic outdoor Village Skate Rink and Village Stage, Great Bear 302 offers front-row views of live entertainment, including the popular Summer Music Series. Great Bear offers uniquely superior attributes compared to other condominiums in Northstar…most notably its private elevator access, premier location, and the rarity of availability, as residences in Great Bear seldom come to market, making Great Bear 302 a rare and highly desirable opportunity. This exceptional 3-bedroom, all ensuite + den, and 3 half-bath residence features private elevator access, an oversized balcony, ski-in access, the ultimate trifecta of luxury mountain living. Step inside and be embraced by a warm, inviting ambiance. The open-concept floor plan seamlessly connects the spacious living, dining, and gourmet kitchen areas, creating an ideal setting for entertaining or relaxing after a day on the slopes. Expansive windows frame breathtaking views of the pristine Northstar slopes, while bathing the space with natural light. The chef’s kitchen is equipped with Wolf and Sub-Zero appliances, custom cabinetry, and ample counter space—designed for both functionality and flair. This home offers a flexible layout with strong rental potential. Amenities & Features: • Private elevator access directly into the residence • Heated, secure underground parking • Private ski lockers in an exclusive resident-only lobby • Ski-in convenience directly into The Village • Rejuvenating hot-tub spas, and a state-of-the-art swim and fitness center. • Stroll to shops, dining, entertainment, and year-round events • Immediate access to world-class skiing, snowboarding, mountain biking, and hiking • Proximity to Lake Tahoe, golf courses, and scenic trails Whether you’re sipping coffee on the balcony as skaters twirl below, or soaking in the alpenglow after a powder day, Great Bear 302 offers a mountain lifestyle unlike any other. There's a reason they say “location is everything”—and this residence is the very definition of that. Nestled in Truckee’s most coveted ski lodge, Great Bear 302 offers the rare combination of slope-side luxury, village energy, and tranquil mountain beauty. Don’t miss your chance to own one of Northstar’s most iconic residences. Life is simply better at Great Bear.

Listed by Steven Kegel — Tahoe Mountain Realty

Listing Details

Status Pending
MLS # 20252147
Days on Market 402
Price/Sq Ft $985

Property History

Sep 15, 2025
Listed for sale
$2,595,000
Sep 01, 2026
Pending
$2,495,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Nov 2010 · county record $1,400,000 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.

Property Overview
Beds 3
Baths 3.5
Sq. Ft. 2,534
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103030002000
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage, Insulated, Garage Door Opener, Oversized, Other
Attached Garage Yes
Exterior & Lot
Lot Features Ski Trail, Rental History
View Trees/Woods, Mountain(s), Ski Resort
Construction Masonry, Steel Siding
Roof Composition
Utilities & Systems
Heating Natural Gas, CFAH
Financial
HOA Fee $2,900 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Cross Country Skiing, Down Hill Skiing, 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 Premium
69
PROJECTED GROSS ANNUAL REVENUE
$85K – $125K typically ~$105,000
~$8,750 per month
Avg Nightly
$773
Occupancy
37%
Cap Rate
1.7%

STR Investment Summary — 5001 Northstar Drive #302, Truckee

Est. Gross Annual Revenue
$85K – $125K
typically ~$105,000
Avg Nightly Rate
$773
Projected Occupancy
37.2%
Cap Rate
1.7%
Structural Score: 69 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Northstar / Martis Valley market data (145 comparable 3-bedroom rentals, 2026-10); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.

Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$3,100 – $3,600/yr
about $279/mo
Est. Rebuild Cost (Coverage A)
$760,200
FAIR Plan (fire)
$2,600/yr
DIC wrap (theft, water, liability)
$500 – $1,000/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$17,987 per month
Principal & interest
$12,616/mo
Property taxes
$2,192/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
$2,900/mo
From MLS listing data.
Home insurance
$279/mo
CA FAIR Plan + DIC estimate, ~$3,100–$3,600/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($499,000)
Home price
$2,495,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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