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.
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:
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.
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 Type | Typical Price Range | Key Features |
|---|---|---|
| Fractional Ownership | $200,000 – $500,000 | Shared ownership, club access, lower commitment |
| Golf Villas | $1,000,000 – $2,000,000 | Townhome-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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