$4,295,000 Active
340 Elias Baldwin
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
·
6.5 Baths
·
5,936 Sq Ft
Virtual Tour

About This Property

Open most weekends. The Overlook Lodge: A Classic Tahoe Estate in the Heart of the Private Lahontan Golf Community, Truckee, California. Built in 2002 and spanning 5,936 square feet, this 5-bedroom, 6.5-bathroom estate is crafted for connection, celebration, and comfort. Located in a quiet, sun-drenched cul-de-sac within Truckee’s prestigious Lahontan Golf Community, The Overlook Lodge invites you to live with intention. Surrounded by pine-scented breezes, open skies, and sweeping views of Lookout Mountain and the 17th fairway, this mountain retreat was designed to elevate everyday living with enduring craftsmanship and thoughtful luxury. From the moment you arrive, the home’s presence is undeniable. Architectural stone pillars rise inside and out, blending into native landscaping and an alpine backdrop. Soaring timber beams and custom ironwork hint at the meticulous detail within. Inside, walnut hardwood floors stretch across the main level, softened by Sierra antique stone inlays and warmed by a hydroponic radiant floor heating system. The great room is anchored by a dramatic four-sided stone fireplace and a wall of picture windows that frame the surrounding mountain landscape, filling the home with natural light and a grounded sense of place. A chef’s kitchen offers commercial-grade KitchenAid appliances, multiple refrigerators, 2 dishwashers, a Viking range, solid granite counters, and a dedicated ice maker. Solid Alder cabinetry and an oversized island provide warmth and workspace, while a custom buffet and bar with a beverage fridge offer the perfect extension for effortless entertaining. A sunny breakfast nook adds comfort for everyday meals and morning coffee. Two large front-facing viewing decks offer sweeping views of Northstar and the High Sierras. The Lahontan Community Association offers ski shuttle services to Northstar. During the summer months, the shuttle service is available for other locations (downtown, lake airport) by request

Listed by MelindaTilly Mezger — Chase International - Trk

Listing Details

Status Active
MLS # 20261529
Days on Market 53
Price/Sq Ft $724

Property History

Jul 22, 2026
Listed for sale
$4,295,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2020 · via MLS history $2,995,000

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 5
Baths 6.5
Sq. Ft. 5,936
Lot Size 0.50 acres
Year Built 2002
Property Type Single Family Residence
Style Old Tahoe
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 109240023000
Parking
Garage Spaces 2
Parking Features Two, Attached, Insulated, Garage Door Opener, Oversized
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped, Cul-De-Sac
View Panoramic, Mountain(s), Golf Course, Ski Resort
Construction Frame, Masonry, Wood Siding
Roof Composition, Metal
Utilities & Systems
Heating Natural Gas, Hydronic
Financial
HOA Fee $6,500 / Annually
HOA & Community
Community Amenities Pool, Tennis Court(s), Golf Course, Cross Country 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 Premium
66
PROJECTED GROSS ANNUAL REVENUE
$100K – $140K typically ~$120,000
~$10,000 per month
Avg Nightly
$1027
Occupancy
32%
Cap Rate
1.1%

STR Investment Summary — 340 Elias Baldwin, Truckee

Est. Gross Annual Revenue
$100K – $140K
typically ~$120,000
Avg Nightly Rate
$1027
Projected Occupancy
32.0%
Cap Rate
1.1%
Structural Score: 66 / 100 (Premium) · 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% ($859,000)
Home price
$4,295,000
Loan details
30-yr fixed, 6.5%
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