$199,000 Active
11939 Rhineland Avenue
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.

About This Property

CUSTOM BUILD OPPORTUNITY IN TAHOE DONNER Rare opportunity to secure a premium homesite in one of Truckee's most desirable mountain communities. This approximately 0.30-acre parcel offers an exceptional setting for a custom mountain retreat, luxury spec home, or investment build. Positioned on a quiet street and bordered by a greenbelt corridor, the property provides a unique combination of privacy, natural beauty, and long-term value. Towering pines create an authentic Sierra setting while the favorable southern exposure offers excellent natural light and energy-efficient design opportunities throughout the year. Builders and developers will appreciate the lot's location within Tahoe Donner, where demand for newer, modern homes continues to attract both full-time residents and second-home buyers. The parcel presents an ideal canvas for a thoughtfully designed mountain residence that captures the surrounding forest environment while maximizing outdoor living space. Future owners will enjoy convenient access to Tahoe Donner's extensive amenities, including skiing, golf, hiking and biking trails, fitness facilities, dining, and recreation. The vibrant town of Truckee and world-class Lake Tahoe destinations are just minutes away. Whether you're a builder seeking your next project, an investor looking for a high-demand location, or a buyer ready to create a custom mountain home, this property represents a compelling opportunity to build in the heart of the Sierra Nevada. Bring your vision and create something exceptional.

Listed by Sheri Fobare — COMPASS

Listing Details

Status Active
MLS # 20261144
Days on Market 3

Property History

Jun 09, 2026
Listed for sale
$199,000
Property Overview
Lot Size 0.30 acres
Property Type Single Family Residence
Subdivision Tahoe Donner
County Nevada
STR Jurisdiction Town of Truckee
APN 046-070-015
Exterior & Lot
Lot Features Downslope,Gentle
View Wooded
HOA & Community
Community Amenities BEACH ACCESS,POOL,TENNIS COURTS,GOLF,EQUESTRIAN CENTER,CROSS COUNTRY SKIING,DOWN HILL SKIING,EXERCISE EQUIPMENT
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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%

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% ($39,800)
Home price
$199,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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