$4,975,000 Active
12236 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.
6 Beds
·
5.5 Baths
·
4,717 Sq Ft
Virtual Tour

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.

Listed by Alison Elder — Chase International - TK2

Listing Details

Status Active
MLS # 20260792
Price/Sq Ft $1,055

Property History

May 13, 2026
Listed for sale
$4,975,000
Property Overview
Beds 6
Baths 5.5
Sq. Ft. 4,717
Lot Size 1.00 acres
Stories 2
Year Built 2002
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Town of Truckee
APN 108-110-010-000
Parking
Parking Features Four +
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Phone,Cable TV,High Speed Internet,Air Conditioning,Generator
Lot Features Level,Upslope,Gentle
View Wooded,Mountain
Construction Framed,Masonry,Wooded
Roof Composition,Metal
Foundation Perim Concrete,Slab
Utilities & Systems
Heating CFAH,Hydronic,Radiant,In Floor
Financial
HOA Fee $542
HOA / Community https://www.lahontangolf.com/lahontan-community-fo
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

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 — 12236 Pete Alvertson Drive, Truckee

Est. Annual Revenue
$175,392
Avg Nightly Rate
$1624
Projected Occupancy
29.5%
Cap Rate
1.4%
Structural Score: 74 / 100 (Premium) · STR Zone: Yellow

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% ($995,000)
Home price
$4,975,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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