$899,000 Active
16040 Old Highway 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.
3 Beds
·
2.0 Baths
·
Virtual Tour

About This Property

We are proud to present 16040 Old Highway Dr, a beautifully remodeled 3 bedroom, 2 bath home on a great flat lot at the west end of Donner Lake, just a block from West End Beach. Completely remodeled floor to ceiling, this home offers the peace of mind of new systems paired with warm, custom finishes. Step inside to find luxury vinyl plank flooring throughout with tile flooring in the bathrooms, premium custom hickory cabinetry, and granite and quartz countertops throughout the kitchen and bathrooms. The living room centers around a free standing wood fireplace with a tile hearth, creating a cozy living space. The layout is thoughtful and easy to live in. You enter directly into the living room, with the kitchen just to the right. A hallway off the living room leads to a bathroom and two bedrooms. Past the kitchen, a second hallway with the washer and dryer leads to the garage and an en suite primary bedroom. Behind the walls, this home has been completely remodeled to a high standard. New 200 amp electrical service and wiring, new PEX water supply and ABS drain plumbing, and a new Goodman 96% efficient furnace with all new ducting keep the home running smoothly. AC evaporator coils are already in place under the plenum, so adding a condensing unit later is an easy and affordable upgrade. A Navien tankless water heater, oversized for the home, delivers instant hot water to all four shower heads with ease. The exterior is finished in Hardie plank siding wrapping the entire home beneath a Class A fire rated composite shingle roof, with ember resistant attic venting and a Bluetooth controlled attic fan, giving real peace of mind for the wildfire conscious buyer. Insulation was upgraded throughout, from new foam beneath the subfloor to new wall and attic insulation, keeping the home comfortable through every season. Rounding out the package is a 1 car garage, ready to fit your vehicle and gear for easy Donner Lake access. This is a beautiful home, if you would like to see it contact us today to set an appointment!

Listed by John McCormick — McCormick Realty

Listing Details

Status Active
MLS # 20261964
Days on Market 4

Property History

Sep 16, 2026
Listed for sale
$899,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jun 1996 · county record $120,000 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 3
Baths 2.0
Lot Size 0.11 acres
Year Built 1959
Property Type Single Family Residence
Style Mountain
Subdivision Donner Lake
County Nevada
STR Jurisdiction Town of Truckee
APN 017070010000
Parking
Garage Spaces 1
Parking Features One, Attached, Insulated
Attached Garage Yes
Exterior & Lot
Lot Features Street, Landscaped
View Trees/Woods
Construction Frame
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, Wood, CFAH, Wood Stove
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
68
PROJECTED GROSS ANNUAL REVENUE
$30K – $75K typically ~$45,000
~$3,750 per month
Avg Nightly
$242
Occupancy
51%
Cap Rate
2.0%

STR Investment Summary — 16040 Old Highway 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
$30K – $75K
typically ~$45,000
Avg Nightly Rate
$242
Projected Occupancy
50.9%
Cap Rate
2.0%
Structural Score: 68 / 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% ($179,800)
Home price
$899,000
Loan details
30-yr fixed, 6.5%
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