$1,999,000 Active
10136 E Alder Creek Road
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
·
3.0 Baths
·
Virtual Tour

About This Property

Rare Prosser Creek Home with Included Buildable Lot! Welcome to 10136 E Alder Creek Road, a true legacy property offering a unique, once-in-a-lifetime opportunity in Truckee. This meticulously remodeled log home sits directly on the banks of Prosser Creek, an exceptionally rare waterfront setting. Step out your back door to the soothing sounds of the creek and gain immediate, seamless access to miles of pristine wilderness trails and outdoor adventure. The main, single story residence exudes rustic luxury, featuring a beautifully updated log build with 3 spacious bedrooms, 2 custom bathrooms, and modern comfort including air conditioning. The expansive open living areas flow effortlessly onto a giant outdoor entertainment deck, perfect for soaking in the sun and peaceful forest and creek views. Adding incredible versatility, the property includes a detached garage with a 1-bedroom apartment above, ideal for a guest suite, home office, or rental income. Ample parking. Outdoor enthusiasts and creators will appreciate the massive storage capacity and the substantial workshop area located underneath the home. The ultimate bonus: This offering includes the adjacent buildable lot, currently utilized as a beautifully improved, fully fenced corral area. Keep it as an expanded private estate, outdoor entertaining space or develop the second lot down the road. Properties with this combination of creek frontage, acreage flexibility, and updated mountain architecture are rarely available. Don't miss this Truckee masterpiece!

Listed by Liza Killen — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20261535

Property History

Jul 23, 2026
Listed for sale
$1,999,000
Property Overview
Beds 4
Baths 3.0
Lot Size 0.81 acres
Year Built 1981
Property Type Single Family Residence
Style Log Cabin
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 016460005000
Parking
Garage Spaces 2
Parking Features Two, Detached
Attached Garage Yes
Exterior & Lot
View Trees/Woods, Water
Construction Log
Roof Metal
Foundation Concrete Perimeter
Utilities & Systems
Heating Electric, CFAH, Other
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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 — 10136 E Alder Creek Road, Truckee

Est. Annual Revenue
$66,607
Avg Nightly Rate
$376
Projected Occupancy
48.6%
Cap Rate
1.3%
Structural Score: 65 / 100 (Premium) · STR Zone: Red

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
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($399,800)
Home price
$1,999,000
Loan details
30-yr fixed, 6.5%
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