$2,549,000 Active
11557 Zermatt Drive
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.
4 Beds
·
3.5 Baths
·
3,735 Sq Ft
Virtual Tour

About This Property

EXCEPTIONAL TAHOE LUXURY MEETS TIMELESS MOUNTAIN LODGE DESIGN in this extraordinary custom home, thoughtfully crafted for those who appreciate quality, character, and the quintessential Tahoe lifestyle. Set on nearly half an acre and backing to open space with meandering streams and a scenic hiking trail, this exceptional property offers a rare connection to the surrounding natural beauty. With approximately 3,735 square feet spanning three levels, the home is designed for both memorable gatherings and comfortable Tahoe living. Expansive picture windows capture beautiful views and fill the home with natural light, while the thoughtful floor plan creates an easy, inviting flow throughout. The main level features a nearly level entry into the impressive great room, where rich log accents, stained concrete flooring, hydronic radiant heat, chiseled-edge granite, travertine and a dramatic granite-rock fireplace create a warm and sophisticated mountain ambiance. Quality craftsmanship and distinctive architectural details are evident throughout. Upstairs, the private primary suite features its own fireplace The luxurious primary suite features classic French doors that open to a private interior balcony, offering a dramatic overlook of the grand great room below. This elevated retreat beautifully balances secluded privacy with an airy, open-concept connection to the home’s main living space. Across the hall, a spacious ensuite bedroom with multiple bunk beds offers incredible flexibility and could easily serve as a recreation or bonus room. The lower level provides a more intimate gathering space with a comfortable family room and fireplace, full bath, and two additional bedrooms, each opening directly onto a large stone patio—perfect for relaxing and enjoying the peaceful setting. A truly special Legacy home, this home is the ideal combination of luxury, character, and direct access to the beauty of the Tahoe outdoors. see video on this link: https://tours.2view.com/mediaoneclick/18396/gallery/

Listed by Janie Sharp — COMPASS

Listing Details

Status Active
MLS # 20261826
Days on Market 5
Price/Sq Ft $682

Property History

Sep 01, 2026
Listed for sale
$2,549,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 2013 · county record $845,000 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. 3,735
Lot Size 0.46 acres
Year Built 2008
Property Type Single Family Residence
Style Mountain
Subdivision Tahoe Donner
County Nevada
STR Jurisdiction Town of Truckee
APN 044040025000
Parking
Garage Spaces 3
Parking Features Three, Attached, Boat, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt
View Meadow
Construction Frame
Roof Composition, Metal
Utilities & Systems
Heating Natural Gas, Hydronic
Financial
HOA Fee $3,621 / Annually
HOA & Community
Community Amenities Beach Access, Pool, Tennis Court(s), Golf Course, Equestrian Center, Cross Country Skiing, Down Hill Skiing, Exercise Equipment, Boat Ramp
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
66
PROJECTED GROSS ANNUAL REVENUE
$50K – $95K typically ~$75,000
~$6,250 per month
Avg Nightly
$429
Occupancy
48%
Cap Rate
1.2%

STR Investment Summary — 11557 Zermatt Drive, Truckee

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$50K – $95K
typically ~$75,000
Avg Nightly Rate
$429
Projected Occupancy
47.9%
Cap Rate
1.2%
Structural Score: 66 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for Truckee. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. 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% ($509,800)
Home price
$2,549,000
Loan details
30-yr fixed, 6.5%
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