$545,000 $630,000 ↓ $85,000 reduced Active
5115 Gold Bend
Northstar, 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.
2 Beds
·
1.0 Baths
·
1,008 Sq Ft
Virtual Tour

About This Property

Enjoy all that property ownership in Northstar has to offer from this well priced and well maintained 2 BR 1 BA unit in popular Gold Bend. This unit features an excellent location backing to an open space that cannot be developed. The kids can snow play right out the back and its a short shuttle bus ride to Northstar CA ski area. Ownership includes membership in the Northstar Recreation Center which includes tennis & pickle ball courts, swimming pools (including a lap pool), gym equipment, showers & lockers, hot tubs and more. The kitchen has been upgraded from the original configuration to include countertops, cabinets and appliances. A perfect place to start your Northstar ownership experience! The Gold Bend Homeowners Association has begun an extensive pathway/stairs improvement project that will greatly improve access to this property. This project is being funded entirely from cash reserves and there is no assessment planned. The project is currently ahead of schedule.

Listed by Sheldon Felich — Dickson Northstar

Listing Details

Status Active
MLS # 20260160
Days on Market 224
Price/Sq Ft $541

Property History

Feb 08, 2026
Listed for sale
$630,000
Jul 20, 2026
Price reduced
$545,000 $595,000 ↓ $50,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Dec 2005 · county record $537,500 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 2
Baths 1.0
Sq. Ft. 1,008
Year Built 1974
Property Type Residential
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Placer County
APN 110330014000
Parking
Parking Features None
Exterior & Lot
Lot Features Greenbelt
View Trees/Woods
Construction Frame, Wood Siding
Roof Composition
Foundation Perim Block
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $501 / Monthly
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Cross Country Skiing, Down Hill Skiing, Exercise Equipment
📊

STR Investment Analysis

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

STR Investment Analysis

Yellow Zone
STRUCTURAL SCORE Standard
48
PROJECTED GROSS ANNUAL REVENUE
$15K – $50K typically ~$35,000
~$2,917 per month
Avg Nightly
$258
Occupancy
37%
Cap Rate
2.6%

STR Investment Summary — 5115 Gold Bend, Northstar

Est. Gross Annual Revenue
$15K – $50K
typically ~$35,000
Avg Nightly Rate
$258
Projected Occupancy
37.2%
Cap Rate
2.6%
Structural Score: 48 / 100 (Standard) · STR Zone: Yellow

Nightly rates and occupancy from Northstar / Martis Valley market data (120 comparable 2-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.

Building Permit History

Placer County permit records for this parcel

Building/Residential/Full Review/NA
DONE
Permit #TCON B115875
Building/Residential/Full Review/NA
DONE
Permit #TCON 4896-4

Public permit records from the Placer County permit portal, last checked 2026-09-20. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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% ($109,000)
Home price
$545,000
Loan details
30-yr fixed, 6.5%
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