28 photos
Active Listing
16159 Wellington Way
Truckee, California 96161-1635 · Glenshire Unit #2
3
Beds
3
Baths
1,568
Sq Ft
1990
Built
$995,000
$634/sqft
Truckee, California 96161-1635 · Glenshire Unit #2
3
Beds
3
Baths
1,568
Sq Ft
1990
Built
$995,000
$634/sqft
28 photos — Tahoe Sierra MLS · MLS #20260886
This 3-bedroom, 3-bathroom 1,568 square foot home in Glenshire Unit #2 was built in 1990 and sits on 0.27 acres. It is currently listed at $995,000. The county-assessed value is $409,530 ($97,910 land, $311,620 improvements). Assessed values may differ from current market value.
Located in Truckee, California 96161-1635, within the Glenshire Unit #2 area.
The estimated current market value is $897,281. At $634/sqft, this reflects the current Truckee market.
| Address | 16159 Wellington Way |
| City | Truckee, CA 96161-1635 |
| Neighborhood | Glenshire Unit #2 |
| Lot Size | 0.27 acres |
| Price / Sq Ft | $634/sqft |
Your Buyer's Agent
I represent you — not the seller. I'll pull MLS detail, comparable sales, fire zone, STR viability, and structure the offer in your favor.
Or call/text: 530-448-1734
Your Broker
Tristan Roberts
DRE #01259729 · Coldwell Banker
30 years in North Lake Tahoe. I know this neighborhood, the HOA, the contractors, and the market.
Inspection Window
May through August
Program
Defensible Space Inspection Program
Truckee Fire Protection District inspects properties in High and Very High FHSZ zones on a rolling schedule through summer. The High designation in most of Truckee (vs Very High at the lake) allows slightly more tolerance in Zone 2, but Zone 0 requirements are the same. The district coordinates with the Town of Truckee on VHR permit renewals — properties with unresolved defensible space violations may face delays in STR permit renewal.
Glenshire is a 1,600-home community on the eastern edge of Truckee, developed starting in 1971. The Glenshire-Devonshire Home Owners Association (GDHOA) maintains common areas, the Glenshire Drive corridor, and a community park. Annual HOA dues are modest compared to resort communities (typically $300–$600/yr). Homes here skew larger than Tahoe Donner and the neighborhood has a year-round residential character rather than a vacation-rental profile. Nevada County (not Placer) has jurisdiction; permits go through Nevada County Building Department. Town of Truckee zoning applies. The Truckee Fire Protection District covers the area.
Portal: Town of Truckee Building Department (townoftruckee.com)
The Town of Truckee Building Department issues all permits within town limits. Nevada County Building handles unincorporated areas. Truckee has been updating its building code to include new fire-resistant construction standards — projects initiated after 2022 have additional materials and system requirements.
TOT Rate: 10% (Town of Truckee VHR program, separate from county TOT)
The Town of Truckee has a Vacation Home Rental (VHR) permit program separate from any county-level TOT. VHR permits require an annual application, proof of insurance, a designated local contact person, and compliance with occupancy caps and noise ordinance requirements. The Town has capped total VHR permits in certain zones. Each HOA (Tahoe Donner, Glenshire, Martis Camp) may impose additional STR restrictions that are more limiting than Town minimums.
Truckee is an incorporated town within Nevada County. Town of Truckee handles planning and zoning; Nevada County handles unincorporated areas. California Prop 19 applies to all transfers. The Town of Truckee has been actively updating zoning to add residential density — relevant for future ADU or lot-split planning.
Agency: Truckee Fire Protection District
The Truckee Fire Protection District provides fire and emergency services for most of the Truckee area. Annual defensible space inspections are conducted by the district; properties in the High FHSZ zone (most of Truckee) have specific clearance requirements. The district provides a defensible space inspection checklist on their website.
0.1%
of properties in this zip are registered STR operators
$32,000–$50,000
estimated median gross annual STR income
Peak Months
December–March (ski proximity) and July–August
Truckee (96161) is governed by the Town of Truckee, which requires a Vacation Home Rental (VHR) permit separate from any county TOT. The Town imposes occupancy caps, noise ordinance requirements, and an annual renewal process. Despite low TOT registration in the county database, Truckee has a substantial STR market — the VHR program is administered locally. Tahoe Donner, Glenshire, and Martis Valley each have their own HOA rules on top of Town requirements; verify restrictions before listing.
Income estimates based on Placer/El Dorado County TOT filings and publicly reported AirDNA/VRBO North Lake Tahoe data, 2023–2024. Actual results vary by property type, condition, and operator.
Development era: 1868 (railroad) — town established
Truckee's commercial district dates to 1868 when the Central Pacific Railroad arrived during construction of the Transcontinental Railroad. Chinese laborers, who comprised the majority of the railroad workforce, established a Chinatown in Truckee that was a significant community through the 1880s. The town served as a timber and ice industry center through the early 20th century before transitioning to recreation. The historic downtown's brick commercial facades survive from this era, and the town's year-round civic infrastructure — hospital, schools, services — reflects its origins as a working town rather than a resort.
Truckee is a real town — with a hospital, schools, a newspaper, and a commercial district that functions year-round. Unlike the lake-oriented resort communities, Truckee has a permanent population that gives it infrastructure and civic services the smaller communities lack. This makes it attractive for primary residences as well as vacation properties, and explains why year-round values in Tahoe Donner and Martis Valley command premiums despite being 15+ minutes from the lake.
August (4 days)
An independent film festival held annually in downtown Truckee, using historic venues including the Truckee Theater. Draws a creative, arts-oriented visitor base and contributes to late-summer occupancy in the 96161 zip.
June–September (weekly, Thursday evenings)
A weekly street fair in historic downtown Truckee with live music, vendors, food, and craft beer. One of the most consistently attended community events in the region; gives Truckee's downtown a summer vitality that distinguishes it from more resort-oriented communities.
July (biennial)
Held at Truckee Tahoe Airport, this event draws aviation enthusiasts and families to a venue that doubles as a scenic gateway into the mountains. A distinctive regional event tied to Truckee's identity.
Year-round
Truckee was a Central Pacific Railroad hub beginning in 1868, and downtown's commercial character reflects that history. The old commercial blocks along Donner Pass Road retain their 1870s–1920s brick facades. The Transcontinental Railroad Museum in the restored depot building provides year-round cultural draw.
Comparable sales — Glenshire Unit #2 (same-subdivision + area comps) · 149 sales in the last 12 months
$623/sqft
Avg $/sqft
11
Median DOM
$925,000
Median Price
At $635/sqft, this listing is priced in line with recent sales in Glenshire Unit #2 (neighborhood avg: $623/sqft).
| Address | Sold | Sale Price | $/sqft | Beds/Baths | Sqft | Market Time | Pool |
|---|---|---|---|---|---|---|---|
| 10684 Balfour Reach | Sep 2025 | $780,000 | $633/sqft | 2bd / 1ba | 1,233 | 22 days on market | Subdivision |
| 16154 Wellington Way | May 2025 | $870,000 | $569/sqft | 3bd / 2ba | 1,529 | Sold in 1 week | Subdivision |
| 12996 Oberwald Way | Jul 2026 | $1.3M | $831/sqft | 3bd / 2ba | 1,534 | 29 days on market | Area |
| 15955 Rolands Way | Jul 2026 | $860,000 | $652/sqft | 3bd / 2ba | 1,320 | Sold in 1 week | Area |
| 10425 the Strand | Jul 2026 | $829,000 | $563/sqft | 3bd / 2ba | 1,472 | Sold in 1 week | Area |
| 12102 Viking Way | Jun 2026 | $800,000 | $599/sqft | 2bd / 2ba | 1,336 | 68 days — priced to sell | Area |
10684 Balfour Reach
Truckee · Sep 2025
$780,000
Sold Price
$633/sqft
Per Sqft
1,233 sf
2bd 1ba
22 days on market
16154 Wellington Way
Truckee · May 2025
$870,000
Sold Price
$569/sqft
Per Sqft
1,529 sf
3bd 2ba
Sold in 1 week
12996 Oberwald Way
Truckee · Jul 2026
$1.3M
Sold Price
$831/sqft
Per Sqft
1,534 sf
3bd 2ba
29 days on market
15955 Rolands Way
Truckee · Jul 2026
$860,000
Sold Price
$652/sqft
Per Sqft
1,320 sf
3bd 2ba
Sold in 1 week
10425 the Strand
Truckee · Jul 2026
$829,000
Sold Price
$563/sqft
Per Sqft
1,472 sf
3bd 2ba
Sold in 1 week
12102 Viking Way
Truckee · Jun 2026
$800,000
Sold Price
$599/sqft
Per Sqft
1,336 sf
2bd 2ba
68 days — priced to sell
In Glenshire Unit #2, homes typically sell in 11 days. 0% sell in under 2 weeks — those tend to be well-priced. 0% sit longer than 90 days.
Sale data from Tahoe Sierra MLS via CB Lake Tahoe sale history. Includes 2 same-subdivision comps (Glenshire Unit #2) and 4 area comps. Area comps are from other subdivisions — price levels vary by subdivision. Market statistics reflect Truckee area data. Sold dates and prices are from MLS records and may not reflect off-market or unreported transactions.
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