$1,295,000 $1,399,500 ↓ $104,500 reduced Active
4001 Northstar Drive #510
Truckee, CA 96161

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✓ STR Allowed — No Permit Needed
Placer County lists Iron Horse 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.
2 Beds
·
2.0 Baths
·
1,215 Sq Ft
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Our data on this home

About This Property

Experience one of the most sought-after residences in the Village at Northstar. This premier top-floor, two-bedroom retreat offers vaulted ceilings, expansive windows, and an airy layout that captures natural light throughout the day. With fresh, design-forward renovations including new luxury hardwood-like flooring and a beautifully refreshed interior, the space now exudes a contemporary elegance that feels both vibrant and inviting. This condo’s southwest orientation delivers a rare combination of views: an engaging perspective on the Village below paired with peaceful, forested mountain vistas beyond. It is a setting that feels alive yet grounding, perfect for unwinding after a day on the slopes. Impeccably maintained and lovingly cared for since 2006, the condo is fully furnished and turn-key, allowing you to step effortlessly into the Northstar lifestyle. Situated in a prime location within the Village, the residence is just a short stroll to the main gondola, and you can ski directly back to the building at the end of the day. Underground parking provides seamless convenience, keeping your arrival and departure easy in every season. With world-class skiing, boutique shops, elevated dining, and inviting hot tubs all just moments away, this condo places you at the heart of Northstar’s most exceptional offerings.

Listed by Gregory Righellis — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20252568
Days on Market 316
Price/Sq Ft $1,066

Property History

Dec 10, 2025
Listed for sale
$1,399,500
Oct 09, 2026
Price reduced
$1,295,000 $1,325,000 ↓ $30,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
May 2006 · county record $1,225,750 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 2
Baths 2.0
Sq. Ft. 1,215
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103090021
Parking
Garage Spaces 1
Parking Features One, Attached
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project
View Panoramic, Mountain(s), Ski Resort
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Natural Gas
Cooling Air Conditioning
Financial
HOA Fee $1,633 / Monthly
HOA & Community
Community Amenities Pool, Down Hill Skiing, 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 Premium
63
PROJECTED GROSS ANNUAL REVENUE
$50K – $90K typically ~$70,000
~$5,833 per month
Avg Nightly
$516
Occupancy
37%
Cap Rate
2.1%

STR Investment Summary — 4001 Northstar Drive #510, Truckee

Est. Gross Annual Revenue
$50K – $90K
typically ~$70,000
Avg Nightly Rate
$516
Projected Occupancy
37.2%
Cap Rate
2.1%
Structural Score: 63 / 100 (Premium) · STR Zone: Green

Nightly rates and occupancy from Northstar / Martis Valley market data (122 comparable 2-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

$1,400 – $1,700/yr
about $129/mo
Est. Rebuild Cost (Coverage A)
$364,500
FAIR Plan (fire)
$1,200/yr
DIC wrap (theft, water, liability)
$200 – $500/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

$9,448 per month
Principal & interest
$6,548/mo
Property taxes
$1,138/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
$1,633/mo
From MLS listing data.
Home insurance
$129/mo
CA FAIR Plan + DIC estimate, ~$1,400–$1,700/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($259,000)
Home price
$1,295,000
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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