$1,245,000 Active
3001 Northstar Drive #305
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

Our data on this home

About This Property

Perched on the top floor of Iron Horse North in the heart of the Village at Northstar, this residence combines the ultimate mountain setting with the conveniences of Village living. Soaring 12-foot vaulted ceilings and floor-to-ceiling windows flood the open living and dining areas with natural light while framing sweeping 20-mile views across Martis Valley. With no upstairs neighbor clomping around in ski boots and complete privacy—no one looking in through your windows—you'll enjoy a true sense of retreat in every season. The thoughtfully designed layout offers two bedrooms and two baths, including a bunk room that comfortably sleeps up to four, making it ideal for hosting family and friends. The kitchen features a full KitchenAid stainless-steel appliance suite with a gas range, while the spacious living area centers around a large gas fireplace—perfect for cozy winter evenings. Step outside onto the expansive deck to take in the fresh mountain air and stunning alpine views. Ownership at Iron Horse North means access to an array of amenities, including a private ground-floor fitness center and hot tubs just steps away in Iron Horse South, plus year-round access to the Swim & Fitness Center adjacent to the Village. Heated underground parking, secure storage, and ground-floor lockers ensure your gear is always ready for adventure. Best of all, properties in the Village are exempt from short-term rental permitting, offering flexibility for owners.

Listed by Tori Long — Carr Long Real Estate

Listing Details

Status Active
MLS # 20261047
Days on Market 142
Price/Sq Ft $1,025

Property History

Jun 02, 2026
Listed for sale
$1,245,000
Property Overview
Beds 2
Baths 2.0
Sq. Ft. 1,215
Year Built 2005
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 103060018
Parking
Garage Spaces 1
Parking Features One, Attached, Heated Garage, Garage Door Opener
Attached Garage Yes
Exterior & Lot
Lot Features Condo/PUD Project, Ski In/Ski Out
View Trees/Woods, Mountain(s), Ski Resort
Construction Frame, Steel Siding
Roof Composition
Pool & Spa
Pool Swimming Pool
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $1,687 / 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
65
PROJECTED GROSS ANNUAL REVENUE
$55K – $90K typically ~$75,000
~$6,250 per month
Avg Nightly
$552
Occupancy
37%
Cap Rate
2.4%

STR Investment Summary — 3001 Northstar Drive #305, Truckee

Est. Gross Annual Revenue
$55K – $90K
typically ~$75,000
Avg Nightly Rate
$552
Projected Occupancy
37.2%
Cap Rate
2.4%
Structural Score: 65 / 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

$9,205 per month
Principal & interest
$6,295/mo
Property taxes
$1,094/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
$1,687/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% ($249,000)
Home price
$1,245,000
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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