$4,595,000
12237 Pete Alvertson Drive
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
·
3.5 Baths
·
4,004 Sq Ft
Virtual Tour

About This Property

Mountain meets modern with this Lahontan estate located on the 7th fairway of a quiet cul-de-sac. With over 4,000 sq. ft.there is plenty of room to spread out over the holidays and 4-seasons in this private Truckee community. There are 2 primary suites on the main level, with main primary hosting an office, fireplace, walk in closet and spa like bathroom with soak tub. Upstairs you will find 2 more bedrooms with one en-suite and the other with a bathroom that also services the game room. The timeless stone work brings the outdoors in and complements the modern touches. A large kitchen hosts a 48" Wolf range and Sub-Zero fridge with oversized island to entertain family and friends. Home has had many recent updates including fresh paint throughout, light fixtures, generator and much more.

Listed by Shane Jones — Tahoe Mountain Realty

Listing Details

Status Active
MLS # 20260481
Price/Sq Ft $1,148

Property History

Apr 03, 2026
Listed for sale
$4,595,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 4,004
Lot Size 0.62 acres
Stories 2
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Town of Truckee
APN 108-110-021
Parking
Parking Features Three
Exterior & Lot
Exterior Features Pantry,Air Conditioning
View Wooded,Golf
Roof Composition,Metal
Foundation Pier,Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $6,500
HOA & Community
Community Amenities Pool,Golf,Cross Country 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%

STR Investment Summary — 12237 Pete Alvertson Drive, Truckee

Est. Annual Revenue
$166,959
Avg Nightly Rate
$1427
Projected Occupancy
32.0%
Cap Rate
1.5%
Structural Score: 57 / 100 (Premium) · STR Zone: Green

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($919,000)
Home price
$4,595,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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