Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nakoma Resort Land with Views Title is generated by Realmo AI

    1512 Dream Maker lot 148, Portola, CA 96122

    View on Map
    Claim this Listing
    New
    For Sale
    $85,000

    LAND - Portola, CA

    Lot size:
    1.44 Acres
    Added:
    May 5, 2026
    Days on Market:
    7
    Last Refresh:
    May 11 at 8:06 am

    Property Features for 1512 Dream Maker lot 148

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    131-190-027
    Lot size
    1.44 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Ruthie Nicholas

    Listing agent Ruthie Nicholas License #01738660

    Listing office COLDWELL BANKER REALTY (Truckee) 17400 NORTHWOODS BLVD, TRUCKEE, CA

    Listing date May 5, 2026

    MLS# 2600385 Listing URL

    Copyright © 2026 Plumas Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Stunning Western mountain sunset views
    • Includes a $30,000 Nakoma Membership providing access to resort amenities
    • Located in the gated Nakoma Resort, the only year‑round resort community in the Lost Sierra
    • One of the last remaining premium parcels under $150K
    • 1.44‑acre homesite on a desirable street
    • All utilities at the street, including high‑speed fiber optic

    Overview

    Located in the gated Nakoma community, this 1.44-acre homesite offers western mountain sunset views. Situated in the Lost Sierra, Nakoma Resort is a year-round resort community. Included in the list price is a $30,000 Nakoma Membership, providing access to a private movie theater, indoor climbing wall, fitness center, full-service bistro and bar, winter activities, and a year-round heated outdoor pool. This parcel is one of the last remaining premium parcels under $150K in the entire resort, with soft terrain ideal for building. All utilities are at the street underground including high speed fiber optic for unobstructed views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Portola
    County
    Plumas
    State
    California
    Longitude
    -120.528515
    Latitude
    39.764104

    Nearby Similar for Sale

    • $94,900

      Portola Land Mixed-Use Opportunity

      Seven lots in Portola, CA, ideal for mixed-use development.
      Second Street, Portola, CA 96122
      View Details
    • $49,000

      Portola Land Development Opportunity

      Four lots near downtown Portola, CA, ideal for development.
      Taylor Avenue, Portola, CA 96122-0000
      View Details
    • $50,000

      Plumas County 5-Acre Residential Land

      5-acre residential land parcel in Plumas County, California.
      350 Espinal DR, Portola, CA 96122
      View Details
    • $90,000

      Ready-to-Build Land Near Lake Davis

      Build-ready parcel near Lake Davis with utilities in place.
      1063 Buckskin Lane, Portola, CA 96122
      View Details
    • $19,000

      Grizzly Ranch Golf Course Lot

      1.17-acre lot in gated golf community with amenities.
      69 Blacktail Ridge lot: 69, Portola, CA 96122
      View Details
    • $35,000

      Residential Lot in Gated Community

      1.1-acre lot in Grizzly Ranch, build your dream home.
      762 Blacktail Ridge, Portola, CA 96122
      View Details
    • $29,000

      Grizzly Ranch Residential Lot

      Picturesque 2+ acre lot in gated golf community.
      307 Big Cedar Lane, Portola, CA 96122
      View Details
    • $39,000

      Portola Homesite with Mountain Views

      Treed homesite in gated golf community with mountain views.
      2124 Grizzly Ranch Road lot: 227, Portola, CA 96122
      View Details
    • $35,000

      Grizzly Ranch Residential Lot

      1.17-acre lot in gated Grizzly Ranch community.
      745 Blacktail Ridge lot: 47, Portola, CA 96122
      View Details
    • $15,000

      Grizzly Ranch Treed Parcel

      0.61-acre parcel in Grizzly Ranch community.
      20 S Ridge Road lot: 258, Portola, CA 96122
      View Details
    • $48,500

      Portola Building Site Opportunity

      Almost one acre building site in Portola, California.
      550 E Magnolia Avenue, Portola, CA 96103
      View Details
    • $35,000

      Residential Lot in Gated Community

      1.17-acre lot in Grizzly Ranch, build your dream home.
      745 Blacktail Ridge, Portola, CA 96122
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.44 acre homesite in Nakoma Resort with membership.
    Where is this residential land & home lot located?
    The property is located at 1512 Dream Maker lot 148 Portola, CA.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Stunning Western mountain sunset views; Includes a $30,000 Nakoma Membership providing access to resort amenities; Located in the gated Nakoma Resort, the only year‑round resort community in the Lost Sierra
    (530) 386-0828
    We can help!
    Listing Contact
    Ruthie Nicholas
    Real Estate License ID: 01738660
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1512 Dream Maker lot: 148, Portola, CA 96122
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!