Old Greenwood Real Estate Guide

Jack Nicklaus Golf on 600 Acres of Sierra Pines

Old Greenwood is a distinguished residential community set across 600 acres of towering pines and blue-sage-covered hills near downtown Truckee. The centerpiece is a Jack Nicklaus Signature golf course, one of the premier courses in the Sierra Nevada, and ownership includes membership in the Tahoe Mountain Club network.

The community offers 99 home sites along with custom homes, 15 villas, and fractional ownership opportunities. This more intimate scale, compared to Truckee's larger developments, creates an exclusive atmosphere while remaining more accessible than Martis Camp.

Tahoe Mountain Club

Old Greenwood homeowners have access to the Tahoe Mountain Club, a network of mountain recreation amenities that extends beyond Old Greenwood to include facilities at Gray's Crossing and Schaffer's Mill. The membership provides:

  • Jack Nicklaus Signature 18-hole golf course at Old Greenwood
  • Access to additional golf at Gray's Crossing and Schaffer's Mill
  • Fitness and wellness facilities
  • Dining at multiple clubhouse restaurants
  • Social events and community programming

Property Options

Old Greenwood includes custom homesites for ground-up construction, completed custom homes, golf villas (lower-maintenance townhome-style living), and fractional ownership options for buyers who want Old Greenwood access without full ownership costs. This variety makes the community accessible at different investment levels.

Location

Old Greenwood is located near the I-80/Highway 89 junction, providing excellent access to downtown Truckee (5 minutes), Sugar Bowl (15 minutes), Northstar (20 minutes), and Reno-Tahoe International Airport (35 minutes). The proximity to I-80 makes Old Greenwood one of the most convenient Truckee communities for Bay Area commuters.

Property TypeTypical Price RangeKey Features
Fractional Ownership$200,000 – $500,000Shared ownership, club access, lower commitment
Golf Villas$1,000,000 – $2,000,000Townhome-style, golf course frontage, low maintenance
Custom Homes$2,000,000 – $5,000,000+Full-size homes, premium lots, mountain club membership

STR Viability: Limited

Old Greenwood has some fractional and villa units that participate in rental programs through the resort. Full custom homes may have HOA restrictions on short-term rentals. The Town of Truckee's permit cap is also fully reached. Verify both community rules and town permit availability before purchasing with STR intent.

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Frequently Asked Questions

What is the Tahoe Mountain Club?
The Tahoe Mountain Club is a private membership network spanning multiple Truckee communities including Old Greenwood, Gray's Crossing, and Schaffer's Mill. Membership provides access to golf courses, fitness facilities, dining, and social events across the network. Old Greenwood homeowners receive membership privileges.
Can I buy fractional ownership at Old Greenwood?
Yes. Old Greenwood offers fractional ownership opportunities starting around $200,000-$500,000, providing shared access to fully furnished units and all community amenities. This is a popular option for buyers who want mountain club access without full ownership costs.
How does Old Greenwood compare to Martis Camp?
Old Greenwood is more accessible (homes from $1M vs $3M+), closer to downtown Truckee and I-80, and offers Tahoe Mountain Club multi-course access. Martis Camp is more exclusive with a private ski lift, larger lots, and higher price points. Both offer exceptional golf and mountain living.
How close is Old Greenwood to skiing?
Sugar Bowl and Donner Ski Ranch are about 15 minutes via Donner Pass Road. Northstar is approximately 20 minutes via Highway 267. Palisades Tahoe is about 30 minutes. Old Greenwood's I-80 proximity makes Sugar Bowl the most convenient resort.

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