$6,995,000
8221 Valhalla 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
·
5.0 Baths
·
4,179 Sq Ft
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About This Property

Life is different in this Martis Camp estate, set on 1.6 acres in the heart of Tahoe’s most acclaimed community. Just a short walk to trails, the Camp Lodge, and the Family Barn, this property offers the best of Martis Camp living with privacy, convenience, and timeless mountain style. The 4,179-square-foot home features 4 bedrooms and 5 bathrooms, blending quality materials with thoughtful design. The main living spaces include a vaulted great room with stone fireplace, a dining room, and a chef’s kitchen anchored by a large gathering island. Designed with uncompromising quality, the home features a Wolf range, Sub-Zero refrigeration, and Newport Brass bathroom fixtures, delivering both exceptional performance and refined style. Expansive windows frame views of Northstar California’s ski mountain, filling the home with natural light from sunrise to sunset. Outdoor living is a highlight, with a front patio featuring firepit and barbecue and a rear patio with hot tub beneath the stars. Between these spaces is a large media room, serving as the central hub for games, movies, and year-round entertainment. Upstairs, a bunk room with four double beds and a guest suite with private deck and mountain views complement the main-level bedroom. The primary suite occupies its own private wing, complete with office alcove, fireplace, and private deck. For convenience, the property also includes a Tesla Universal EV charger. As Forbes describes Martis Camp, “possibly the best four-season private community in the U.S.,” this home represents a rare opportunity to begin your legacy at Martis Camp.

Listed by Kim Kennedy — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20251950
Days on Market 209
Price/Sq Ft $1,674

Property History

Aug 21, 2025
Listed for sale
$6,995,000
Property Overview
Beds 4
Baths 5.0
Sq. Ft. 4,179
Lot Size 1.62 acres
Stories 2
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Town of Truckee
APN 106-100-003
Parking
Parking Features Three
Exterior & Lot
Exterior Features Pantry,High Ceilings,Air Conditioning
Lot Features Upslope,Gentle
View Filtered,Panoramic,Wooded,Mountain,Ski Resort
Roof Composition,Metal
Utilities & Systems
Heating Hydronic,Radiant,In Floor
Financial
HOA Fee $2,000
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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 — 8221 Valhalla Drive, Truckee

Est. Annual Revenue
$234,585
Avg Nightly Rate
$2005
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 62 / 100 (Premium) · STR Zone: Green

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% ($1,399,000)
Home price
$6,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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