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 estate pairing timeless mountain architecture with a recently constructed and contemporary designed guest house — creating an exceptional family compound designed for generations to gather and enjoy Tahoe’s coveted lifestyle. Beautifully maintained and thoughtfully updated, this special property nestled on a one-acre home site offers a warm, sophisticated living environment highlighted by predominantly single-level living in both the primary home and guest house. Offering expansive outdoor living space and lovely forested surroundings, this property brings a total of six bedrooms and five, ensuite bathrooms - spacious living and mountain luxury abounds. Filled with character and refined ambiance, the main residence brings 4,574 sf offering spacious gathering areas, soaring ceilings, rich wood finish detail and large-scale windows introducing natural light and tranquil greenbelt views throughout the home. The great room creates a welcoming centerpiece with its custom granite gas and wood burning fireplace, warm textures and easy connection to the surrounding outdoor setting. Designed for effortless entertaining, the beautifully updated chef’s kitchen brings extensive custom cabinetry, quality appliances, generous preparation areas and a thoughtfully designed butler’s pantry sure to please the most discerning culinary enthusiast. Delight in mornings in the breakfast alcove! Indoor-outdoor living is seamlessly integrated with adjacent patios, perennial gardens and inviting gathering spaces framed by Tahoe’s natural beauty. Enjoy evenings around the gas fire pit, peaceful mornings overlooking the private setting and year-round entertaining surrounded by mature landscaping and towering pines. Thoughtfully designed for comfort and privacy, this residence offers beautifully scaled bedroom suites and flexible 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 sf guest 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 classic Lahontan architecture and modern design within one cohesive, legacy property. Enjoy the evening alpenglow from the deck and dine in the adjacent, covered and heated outdoor living area. Offering a combined six bedrooms, five en-suite bathrooms plus powder bath, this exceptional compound includes two separate garages accommodating four vehicles and brings dual generators, 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. Welcome home to the Martis Valley.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneSTR Investment Summary — 12236 Pete Alvertson 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