$799,000 Active
12839 Palisade Street
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.
3 Beds
·
2.0 Baths
·
1,363 Sq Ft

About This Property

Welcome home to your beautifully renovated mountain retreat! This charming 3-bedroom, 2-bathroom home offers the perfect combination of modern updates, mountain comfort, and an unbeatable location. Recently renovated throughout, the home features a new furnace, water heater, flooring, electrical, appliances, and wood-burning stove, along with a brand-new roof completed this summer. Step inside to an inviting open-concept kitchen and living area anchored by a cozy wood-burning stove, soaring tall ceilings, and an abundance of natural light. The primary bedroom features a private en-suite bathroom, while the two downstairs bedrooms share a spacious bathroom with convenient Jack-and-Jill sinks. Two generously sized, south-facing decks soak up the sunshine and provide the perfect place to relax, entertain, or enjoy the fresh mountain air. Outdoor enthusiasts will love the easy access to miles of hiking and biking trails along the Donner Lake Rim Trail and over to Tahoe Donner. Donner Lake is just five minutes away, while downtown is conveniently close for dining, shopping, and everyday essentials. With easy access to Highway 80, you're perfectly positioned to enjoy everything the surrounding Tahoe and Truckee area has to offer. The property also includes a one-car garage for your car, or ideal for storing your bikes, skis, and mountain toys, plus a nice, flat parking area with plenty of room for additional vehicles. Located at the top of Armstrong tract on one of the quieter streets further removed from the highway with a great local community and no HOA. With its extensive renovations, brand-new roof, southern exposure, ample parking, garage, and prime location near Donner Lake, downtown, trails, and Highway 80, this home truly has it all. Come see it for yourself—this mountain gem won't last long!

Listed by Jedidiah Kravitz — Home and Slate Real Estate

Listing Details

Status Active
MLS # 20261852
Days on Market 11
Price/Sq Ft $586

Property History

Sep 02, 2026
Listed for sale
$799,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Sep 2024 $755,000 Alison ElderChase International - TK2 Drew WaldenEngel & Volkers Truckee

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 3
Baths 2.0
Sq. Ft. 1,363
Lot Size 0.11 acres
Year Built 1992
Property Type Single Family Residence
Style Mountain
Subdivision Truckee
County Nevada
STR Jurisdiction Town of Truckee
APN 018383011000
Parking
Garage Spaces 1
Parking Features One, Attached, Insulated, Garage Door Opener, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Street
View Trees/Woods, Mountain(s)
Construction Frame, Wood Siding
Roof Composition
Foundation Concrete Perimeter
Utilities & Systems
Heating Natural Gas, CFAH
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STR Investment Analysis

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

STR Investment Analysis

Red Zone
STRUCTURAL SCORE Premium
71
PROJECTED GROSS ANNUAL REVENUE
$25K – $55K typically ~$45,000
~$3,750 per month
Avg Nightly
$238
Occupancy
52%
Cap Rate
2.2%

STR Investment Summary — 12839 Palisade Street, Truckee

No revenue projection. Short-term rental permits are not currently obtainable here — the local jurisdiction has reached its permit cap or is waitlisting all new applications.
Est. Gross Annual Revenue
$25K – $55K
typically ~$45,000
Avg Nightly Rate
$238
Projected Occupancy
51.7%
Cap Rate
2.2%
Structural Score: 71 / 100 (Premium) · STR Zone: Red

Based on comparable vacation rental performance data for Truckee. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. 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
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% ($159,800)
Home price
$799,000
Loan details
30-yr fixed, 6.5%
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