About This Property
Nestled among the pines in Prosser Lakeview Estates, this Truckee retreat offers the rare combination of refined mountain living and effortless tranquility. From the moment you arrive, the wide, flat driveway, a true luxury during Sierra winters, and thoughtfully designed, separate vestibule signal that every detail of this home has been considered. Inside, 1,834 square feet of open-plan living unfolds beneath vaulted wood ceilings, where a classic wood-burning stove anchors the great room in warmth and character. A dramatic wall of windows frames sweeping 180-degree views of your private forested hillside, creating a living painting that changes with every season, yet always feels completely your own. The gourmet kitchen is both beautiful and functional, outfitted with high-end stainless steel appliances, generous counter space, and a center island with bar seating that is equally suited to a quiet morning coffee or a lively après-ski dinner party. The adjacent dining area flows seamlessly into the living room, making the entire main level feel at once spacious and intimate. Three bedrooms and 2.5 bathrooms provide comfort for family and guests alike. The primary ensuite is a true sanctuary: enter through a sleek barn door to discover radiant heated floors, double vanities, a walk-in closet, and a spa-like rain shower. The second full bathroom is equally considered, with custom tile work, a full bathtub, and a flexible handheld shower. Recent improvements elevate everyday living throughout: luxury vinyl plank flooring in the main living area delivers style and easy upkeep; plush Berber wool loop carpet makes the downstairs bedrooms warm and inviting; and a brand-new garage storage system ensures mountain life stays beautifully organized. Situated on approximately half an acre, you can step outside and breathe it all in. The deck backs directly to a wooded hillside for complete privacy, where you can sink into the hot tub under a canopy of stars, gather around the table for an alfresco dinner, or simply let the stillness of the forest settle over you. And when adventure calls, you're perfectly positioned to answer: Prosser Reservoir, Downtown Truckee, and the Truckee River are all five minutes away; Donner Lake is just 12; and the shores of Lake Tahoe are a short 25-minute drive. Whether you're seeking a full-time residence or the ultimate mountain getaway, this is the one you've been waiting for.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 12480 Rainbow Drive, Truckee
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