$4,800,000 Active
1764 Grouse Ridge Road
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.
5 Beds
·
4.5 Baths
·
3,834 Sq Ft

About This Property

Stunning New Mountain-Modern Retreat in the Exclusive Big Springs Neighborhood of Northstar Experience elevated mountain living in this brand-new, architecturally striking 5-bedroom residence located in the prestigious Big Springs community of Northstar. Thoughtfully crafted with a refined mountain-modern aesthetic, this home offers exceptional design, luxurious comfort, and effortless access to world-class year-round amenities. Each of the five bedrooms is a private ensuite, creating an ideal layout for hosting family and guests. The primary suite is conveniently situated on the main level, offering both ease and privacy. Dramatic architectural lines, expansive window walls, and warm contemporary finishes define the living spaces, while an open-concept great room provides seamless flow for gathering, entertaining, and relaxing. The oversized three-car garage offers excellent storage and tall ceilings—perfect for all-season gear and mountain toys. Set on a beautifully wooded homesite, the property enjoys a serene, pristine setting within one of Northstar’s most coveted neighborhoods. This location is truly unparalleled. Residents enjoy close proximity to Home Run Trail, The Highlands, the Ritz-Carlton Gondola, Tompkins Memorial Trail (TMT), and the vibrant Village at Northstar. Ownership also includes access to the Northstar Property Owners Association, offering outstanding amenities such as swimming pools, tennis and pickleball courts, outdoor spas, a full fitness center, bocce, BBQ areas, playgrounds, and miles of scenic nature trails. A rare opportunity in the exclusive Big Springs community—combining extraordinary design, an unbeatable location, and luxury amenities to create the ultimate Northstar retreat. This is mountain living at its finest.

Listed by Carmen Carr — Engel & Volkers Truckee

Listing Details

Status Active
MLS # 20260883
Price/Sq Ft $1,252

Property History

May 20, 2026
Listed for sale
$4,800,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 3,834
Stories 2
Year Built 2026
Property Type Single Family Residence
Style Mountain
Subdivision Northstar
County Placer
STR Jurisdiction Town of Truckee
APN 110-610-011-000
Parking
Parking Features Three
Exterior & Lot
Exterior Features Pantry,High Ceilings,Phone,Cable TV,High Speed Internet
Lot Features Upslope
View Filtered,Wooded,Mountain
Construction Framed
Roof Composition,Metal
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $1,700
HOA / Community https://npoa.info
HOA & Community
Community Amenities Pool,Tennis Courts,Golf,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

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 — 1764 Grouse Ridge Road, Truckee

Est. Annual Revenue
$181,467
Avg Nightly Rate
$1551
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 69 / 100 (Premium) · STR Zone: Yellow

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($960,000)
Home price
$4,800,000
Loan details
30-yr fixed, 6.5%
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