$2,998,000 Active
12684 Muhlebach Way
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.
5 Beds
·
4.5 Baths
·
5,325 Sq Ft
Virtual Tour

About This Property

OPEN HOUSES Saturday and Sunday 11am-4pm!! Panoramic Perfection: A Tahoe Donner Masterpiece!! Set high above Tahoe Donner with sweeping Sierra views, this is the kind of setting buyers come to the mountains hoping to find. Expansive windows throughout the home frame layered ridge lines, forest, and changing light from morning through sunset. With 5,325 square feet, 5 bedrooms (3 en-suite), 4.5 bathrooms, Recreation room and an expansive office/family room, the home offers the flexibility, scale, and comfort that are increasingly difficult to find in Truckee. A wide, level driveway provides easy year round access, while the interior blends dramatic wood ceilings, substantial stonework, and welcoming spaces designed for gathering, relaxing, or working remotely. The main living area is centered around a floor to ceiling stone and steel fireplace, surrounded by towering windows that keep the views front and center. Despite the scale, the space feels comfortable and easy to live in, whether hosting a full house for the holidays or enjoying a quiet weekend in the mountains. Nearby, the dining area sits above the treetops with panoramic mountain views that make everyday meals and gatherings feel a little more memorable. The kitchen offers generous prep space, custom cabinetry, and an open layout that allows everyone to stay connected. Multiple living and recreation spaces throughout the home create flexibility for media rooms, game spaces, fitness, guest overflow, or extended stays, making it easy to accommodate large gatherings or multi generational living without sacrificing privacy or comfort. The office stands out as one of the most memorable spaces in the home, with walls of glass framing expansive Sierra views. Whether working remotely full time or simply needing a quiet space to step away, the setting makes working remotely feel far from ordinary. Bedroom spaces are thoughtfully positioned for privacy and comfort. The primary suite captures the same dramatic backdrop with large picture windows, vaulted wood ceilings, and a calm atmosphere that feels removed from the pace of everyday life. Additional bedrooms provide flexibility for guests, multi generational living, creative space, or changing needs over time. Newly installed air conditioning adds comfort during warmer summer months, while the level driveway and overall layout support easy year round living in every season. The home balances dramatic architecture with practical functionality, making it equally suited for full time living, second home ownership, or hosting large gatherings throughout the seasons. Located within Tahoe Donner, owners enjoy access to golf, fitness facilities, swimming pools, tennis, trails, dining, and year round recreation, all conveniently located near Downtown Truckee, Donner Lake, and multiple ski resorts. Big Sierra views, flexible living spaces, and a setting that fully embraces the surrounding landscape make this a standout mountain home designed to be enjoyed year round.

Listed by Val Videgain — Coldwell Banker Realty

Listing Details

Status Active
MLS # 20260965
Price/Sq Ft $563

Property History

May 22, 2026
Listed for sale
$2,998,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 5,325
Lot Size 0.46 acres
Stories 3
Year Built 1983
Property Type Single Family Residence
Style Mountain
Subdivision Tahoe Donner
County Placer
STR Jurisdiction Town of Truckee
APN 045-550-022-000
Parking
Parking Features Two
Exterior & Lot
Exterior Features High Ceilings,Hot Tub,Air Conditioning
Lot Features Downslope
View Lake,Panoramic,Mountain
Construction Framed,Wooded,Steel
Roof Composition
Foundation Perim Concrete
Utilities & Systems
Heating Natural Gas,CFAH
Financial
HOA Fee $3,621
HOA & Community
Community Amenities Beach Access,Pool,Tennis Courts,Golf,Equestrian Center,Cross Country Skiing,Down Hill Skiing,Exercise Equipment,Boat Ramp
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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 — 12684 Muhlebach Way, Truckee

Est. Annual Revenue
$95,826
Avg Nightly Rate
$943
Projected Occupancy
27.9%
Cap Rate
1.3%
Structural Score: 64 / 100 (Premium) · STR Zone: Red

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% ($599,600)
Home price
$2,998,000
Loan details
30-yr fixed, 6.5%
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