$9,950,000 Active
000 Rue Hilltop
Truckee, CA 96161
⚠ STR Permit Cap Reached
Town of Truckee STR permit cap has been reached. 1-year waiting period after purchase before you can apply. Verify current waitlist status before buying.

About This Property

Very attractive seller financing available - call listing agent for details. Rare Master Planned development offering consists of 41.16 acres of prime land situated at the iconic Hilltop site, perched above charming Downtown Truckee and the beautiful Truckee River. This site offers a rich Truckee history, superior location, and Town-approved Master plan for the last remaining large scale Truckee development. Zoned “Downtown Master Plan” with a large portion dedicated to residential, including several multi-family neighborhoods as well as separate single family residential areas further up the hill. Commercial zoning allows 19,180 SF of new commercial development with bonus footage plus 60-door hotel site. Cottonwood Restaurant parcel is NOT part of this offering. Located less than 15 miles to popular Destination Ski Resorts and Lake Tahoe.

Listed by Ron Hemig — Sierra Sotheby's Int - Rock

Listing Details

Status Active
MLS # 20240034
Days on Market 879

Property History

Jan 08, 2024
Listed for sale
$9,950,000
Property Overview
Lot Size 41.16 acres
Property Type Land
Subdivision Truckee
County Placer
STR Jurisdiction Town of Truckee
APN 19-300-084/089
Exterior & Lot
Lot Features Level,Upslope
View Wooded,Mountain,City,Meadow,Downtown
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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%

STR Investment Summary — 000 Rue Hilltop, Truckee

Est. Annual Revenue
$276,822
Avg Nightly Rate
$2366
Projected Occupancy
32.0%
Cap Rate
1.1%
Structural Score: 40 / 100 (Standard) · STR Zone: Red

Based on comparable vacation rental performance data for Truckee. Revenue projections are estimates and may 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% ($1,990,000)
Home price
$9,950,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC
(530) 317-0373

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