$4,495,000 Active
12237 Pete Alvertson Drive
Truckee, CA 96161
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
4.5 Baths
·
4,004 Sq Ft
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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 # 20262021
Days on Market 1
Price/Sq Ft $1,123

Property History

Sep 25, 2026
Listed for sale
$4,495,000

Sale History · changed hands 2×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Mar 1995 · county record $197,000 Deed record — brokerage sides not reported
Aug 2021 · via MLS history $3,800,000 (+1829%) — —

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 4
Baths 4.5
Sq. Ft. 4,004
Lot Size 0.62 acres
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 108110021
Parking
Garage Spaces 3
Parking Features Three, Attached
Attached Garage Yes
Exterior & Lot
Lot Features On Golf Course
View Trees/Woods, Golf Course
Roof Composition, Metal
Foundation Pillar/Post/Pier, Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
Cooling Air Conditioning
Financial
HOA Fee $6,500 / Annually
HOA & Community
Community Amenities Pool, Golf Course, Cross Country Skiing, Exercise Equipment
📊

STR Investment Analysis

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

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED GROSS ANNUAL REVENUE
$118K – $167K typically ~$142,500
~$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% ($899,000)
Home price
$4,495,000
Loan details
30-yr fixed, 6.5%
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