$2,390,000 Active
1949 Gray Wolf
Truckee, CA 96161
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
3.5 Baths
·
3,268 Sq Ft
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About This Property

Set on a peaceful cul-de-sac in Northstar’s Big Springs neighborhood, this custom, ski-back mountain estate balances warm alpine craftsmanship with elevated luxury. Soaring timber-framed ceilings, rich hardwood floors, and expansive windows anchor the interior, creating light-filled spaces framed by sweeping views of the Carson Range. Designed for effortless hosting, the open-concept floor plan centers around a chef’s kitchen, formal dining space or converted media room, and an expansive great room. Three stone fireplaces are thoughtfully placed throughout the primary living spaces, providing cozy gathering points after a day on the slopes. Outside, extensive multi-level decking and stone patio areas create exceptional outdoor entertaining spaces, with a hot tub privately tucked among mature pines. The main residence features 4 bedrooms and 3.5 baths, with a primary suite on each level. Positioned above the 2-car detached garage, a versatile guest suite with a private full bath offers an ideal guest getaway, private office, or executive studio. The home features hydronic heating, air-conditioning, and a new roof. Complete with NPOA resort privileges, including door-to-ski shuttles, village access, golf, tennis, and recreation facilities, this property delivers an exceptional Northstar lifestyle.

Listed by Liza Killen — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20261980
Days on Market 2
Price/Sq Ft $731

Property History

Sep 18, 2026
Listed for sale
$2,390,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2013 · county record $1,375,500 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 4
Baths 3.5
Sq. Ft. 3,268
Lot Size 0.45 acres
Year Built 1999
Property Type Single Family Residence
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110570016000
Parking
Garage Spaces 2
Parking Features Two, Detached
Attached Garage Yes
Exterior & Lot
Lot Features Street, Rental History, Ski In/Ski Out
View Mountain(s), Ski Resort
Construction Frame
Roof Composition, Metal
Foundation Concrete Perimeter
Financial
HOA Fee $1,700 / Annually
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Cross Country Skiing, Down Hill Skiing, Exercise Equipment
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Luxury
75
PROJECTED GROSS ANNUAL REVENUE
$95K – $140K typically ~$120,000
~$10,000 per month
Avg Nightly
$884
Occupancy
37%
Cap Rate
2.0%

STR Investment Summary — 1949 Gray Wolf, Truckee

Est. Gross Annual Revenue
$95K – $140K
typically ~$120,000
Avg Nightly Rate
$884
Projected Occupancy
37.2%
Cap Rate
2.0%
Structural Score: 75 / 100 (Luxury) · STR Zone: Yellow

Nightly rates and occupancy from Northstar / Martis Valley market data (85 comparable 4-bedroom rentals, 2026-08); 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.

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($478,000)
Home price
$2,390,000
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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