$4,295,000 Active
12236 Pete Alvertson Drive
Truckee, CA 96161
✗ STR Not Allowed
Lahontan's HOA does not allow short-term rentals, even where the county would issue a permit.
6 Beds
·
5.5 Baths
·
5,774 Sq Ft
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About This Property

Stunning mountain architecture aligns with a gorgeous, serene greenbelt setting in the prestigious Lahontan golf community.This estate property, located at 12236 Pete Alvertson Drive, Truckee, presents a RARE opportunity to enjoy a legacy estatepairing timeless mountain architecture with a recently constructed and contemporary designed guest house — creating anexceptional family compound designed for generations to gather and enjoy Tahoe’s coveted lifestyle. Beautifully maintainedand thoughtfully updated, this special property nestled on a one-acre home site offers a warm, sophisticated livingenvironment highlighted by predominantly single-level living in both the primary home and guest house. Offering expansiveoutdoor living space and lovely forested surroundings, this property brings a total of six bedrooms and five, ensuitebathrooms - spacious living and mountain luxury abounds. Filled with character and refined ambiance, the main residencebrings 4,574 sf offering spacious gathering areas, soaring ceilings, rich wood finish detail and large-scale windowsintroducing natural light and tranquil greenbelt views throughout the home. The great room creates a welcoming centerpiecewith its custom granite gas and wood burning fireplace, warm textures and easy connection to the surrounding outdoorsetting. Designed for effortless entertaining, the beautifully updated chef’s kitchen brings extensive custom cabinetry, qualityappliances, generous preparation areas and a thoughtfully designed butler’s pantry sure to please the most discerningculinary enthusiast. Delight in mornings in the breakfast alcove! Indoor-outdoor living is seamlessly integrated with adjacentpatios, perennial gardens and inviting gathering spaces framed by Tahoe’s natural beauty. Enjoy evenings around the gasfire pit, peaceful mornings overlooking the private setting and year-round entertaining surrounded by mature landscaping andtowering pines. Thoughtfully designed for comfort and privacy, this residence offers beautifully scaled bedroom suites andflexible living spaces ideal for hosting family and guests. The luxurious primary suite with direct access to a private patio,provides a peaceful retreat with serene views, a beautifully appointed ensuite bath and tree top yoga/exercise studio,creating a restful environment immersed in the property’s natural surroundings. Complementing the estate is the ~1,200 sfguest house showcasing contemporary mountain design and exceptional versatility. Perfect for extended family, guests,private office use or multigenerational living, this detached residence creates the perfect opportunity to enjoy both classicLahontan architecture and modern design within one cohesive, legacy property. Enjoy the evening alpenglow from the deckand dine in the adjacent, covered and heated outdoor living area. Offering a combined six bedrooms, five en-suite bathroomsplus powder bath, this exceptional compound includes two separate garages accommodating four vehicles and brings dualgenerators, hydronic and forced air heating systems, air conditioning in the guest house; an impeccably maintained retreat.Blending timeless elegance, functionality and the peaceful beauty of Lahontan’s friendly and luxurious mountain environment, 12236 Pete Alvertson Drive is a truly special legacy offering within Truckee’s premier, private golf community. Welcomehome to the Martis Valley.

Listed by Alison Elder — Chase International - TK2

Listing Details

Status Active
MLS # 20262044
Price/Sq Ft $744

Property History

Oct 01, 2026
Listed for sale
$4,295,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Feb 2020 · via MLS history $2,075,000 — —

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 6
Baths 5.5
Sq. Ft. 5,774
Lot Size 1.00 acres
Year Built 2002
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 108110010000
Parking
Parking Features Four +, Attached, Insulated, Garage Door Opener, Oversized, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Greenbelt, Landscaped
View Trees/Woods, Mountain(s)
Construction Frame, Masonry, Wood Siding
Roof Composition, Metal
Foundation Concrete Perimeter, Slab
Utilities & Systems
Heating CFAH, Hydronic, Radiant, In Floor
Cooling Air Conditioning
Financial
HOA Fee $542 / Monthly
HOA & Community
Community Amenities Other/See Remarks
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
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Building Permit History

Placer County permit records for this parcel

1 expired permit
Renewal Permit · 2024-04-08
Expired
RENEWAL to final 0740 37348.10 401 & 518 Pass Insert new gas line for new fireplace Contract $: 7500
Permit #BLD24-01658
Renewal Permit · 2024-04-08
Construction Complete
***RENEWAL to final BLD20-05038 501 Gas Services Pass Primary house gas meter to be moved Relocating out of snow shed
Permit #BLD24-01657
RESIDENTIAL: FULL REVIEW - Additions, Accessory Structures, Pools, Demo, Generators, and Other · 2024-02-09
Construction Complete
Remove existing unused gas meter shed and construct new Shed Roof to protect future AC Unit and/or Generator. Shed only no generator or AC Final inspection is required for BLD20-05038 Gas meter relocate and permit 37348 new gas line for fireplace.
Permit #BLD24-00582
RESIDENTIAL: LIMITED REVIEW - Electrical, Mechanical, Plumbing, Roof Solar, etc · 2020-09-25
Renewed
Primary house gas meter to be moved Relocating out of snow shed
Permit #BLD20-05038
RESIDENTIAL: FULL REVIEW - New Home - Greater than 3,000 sq ft or above 5,000 ft elevation · 2020-08-20
Construction Complete
Thirty Party Review - Apex Living Area = 1,057 sq. ft. Garage/Storage = 543 sq. ft. Deck = 267 sq. ft. Porch = 208 sq. ft. Square footage verified by APEX STRUCTURAL OBSERVATION REQUIRED PER SHEET A0.1 SPECIAL INSPECTION REQUIRED PER SHEET A0.1
Permit #BLD20-04126
Building-Non-SFD · 2010-05-03
Renewed
Insert new gas line for new fireplace Contract $: 7500
Permit #0740 37348.10
Building/Residential/Full Review/NA
DONE
Permit #TCON B112211

Public permit records from the Placer County permit portal, last checked 2026-09-28. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.

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

$27,205 per month
Principal & interest
$21,718/mo
Property taxes
$3,774/mo
1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$542/mo
From MLS listing data.
Home insurance
$1,171/mo
CA FAIR Plan + DIC estimate, ~$13,000–$15,100/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($859,000)
Home price
$4,295,000
Loan details
30-yr fixed, 6.5%
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