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For sale
  • Price cut: $300K (8/2)
    $4,450,000

    12236 Pete Alvertson Dr, Truckee, CA 96161

    6beds
    5,774sqft
    : 
    $30,342/mo
    Get pre-qualified
    Single Family Residence
    Built in 2002
    1 Acres Lot
    $4,248,400 Zestimate®
    $771/sqft
    $542/mo HOA

    What's special

    Predominantly single-level livingGenerous preparation areasLovely forested surroundingsGorgeous serene greenbelt settingBeautifully appointed ensuite bathOne-acre home siteRich wood finish detail
    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.
    81 days
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    702
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    35
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    Zillow last checked:

    Listing updated:

    Listed by:

    Alison Elder 530-582-8103,

    Chase International - TK2

    Source: TSMLS,MLS#: 20260792MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Heating
      • CFAH, Hydronic, Radiant, In Floor
      Cooling
      • Air Conditioning
      Appliances
      • Included: Range, Oven, Microwave, Disposal, Dishwasher, Trash Compactor, Refrigerator, Washer, Dryer
      • Laundry: Laundry Room
      Features
      • Pantry, High Ceilings, Phone, High Speed Internet, Loft, Family Room, Great Room, Mud Room, 2Or More Primary Bedrooms, Detached ADU, 4 or More Ensuite
      • Flooring: Carpet, Wood, Stone, Tile
      • Has fireplace: Yes
      • Fireplace features: Fireplace: Living Room, Family Room, 2 or +, Gas Fireplace, Stone, Woodstove: None
      Interior area
      • Total structure area: 5,774
      • Total interior livable area: 5,774 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Four +, Attached, Insulated, Garage Door Opener, Oversized, Parking Pad
      • Has attached garage: Yes
      Accessibility
      • Accessibility features: Accessible Hallway(s), Few Steps, Accessible Full Bath, Accessible Doors, Primary on Main Level, Open Floor Plan, Visible Smoke/Fire Alarms, Backup Generator/Battery
      Features
      • Levels: Two
      • Patio & porch: Deck(s): 2
      • Has view: Yes
      • View description: Trees/Woods, Mountain(s)
      Lot
      • Size: 1 Acres
      • Dimensions: 141x164x150x142
      • Features: Greenbelt, Landscaped
      • Topography: Level,Upslope,Gently Rolling
      Details
      • Additional structures: None
      • Parcel number: 108110010000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Mountain
      • Property subtype: Single Family Residence
      Materials
      • Frame, Masonry, Wood Siding
      • Foundation: Concrete Perimeter, Slab
      • Roof: Composition,Metal
      Condition
      • Like New
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Electric: Generator
      • Sewer: Community
      • Water: Utility District
      • Utilities for property: Natural Gas Available, Cable Connected

      Community & HOA

      Community
      • Features: Gated: To Subdivision
      • Security: Security System
      • Subdivision: Martis Valley
      HOA
      • Has HOA: Yes
      • Amenities included: Other/See Remarks
      • HOA fee: $542 monthly
      Location
      • Region: Truckee

      Financial & listing details

      • Price per square foot: $771/sqft
      • Tax assessed value: $3,049,080
      • Annual tax amount: $34,350
      • Price range: $4.5M - $4.5M
      • Date on market: 5/13/2026
      • Listing terms: Submit !

        Estimated market value

        $4,248,400

        $4.04M - $4.46M

        $5,521/mo

        Price history

        DateEventPrice
        8/2/2026Price change$4,450,000-6.3%$771/sqft
        Source: TSMLS #20260792 Report a problem
        6/30/2026Price change$4,750,000-4.5%$823/sqft
        Source: TSMLS #20260792 Report a problem
        5/13/2026Listed for sale$4,975,000+111.5%$862/sqft
        Source: TSMLS #20260792 Report a problem
        9/13/2024Listing removed$6,500$1/sqft
        Source: Zillow Rentals Report a problem
        8/24/2024Price change$6,500-7.1%$1/sqft
        Source: Zillow Rentals Report a problem
        6/15/2024Listed for rent$7,000-61.1%$1/sqft
        Source: Zillow Rentals Report a problem
        12/20/2022Listing removed--
        Source: Zillow Rentals Report a problem
        12/8/2022Price change$18,000-10%$3/sqft
        Source: Zillow Rentals Report a problem
        12/3/2022Price change$20,000-16.7%$3/sqft
        Source: Zillow Rental Manager Report a problem
        11/22/2022Listed for rent$24,000$4/sqft
        Source: Zillow Rental Manager Report a problem
        8/11/2020Sold$2,352,500+13.4%$407/sqft
        Source: Public Record Report a problem
        2/18/2020Sold$2,075,000$359/sqft
        Source: TSMLS #20193058 Report a problem
        1/15/2020Pending sale$2,075,000$359/sqft
        Source: Engel & Volkers Truckee 1 #20193058 Report a problem
        11/23/2019Listed for sale$2,075,000-1%$359/sqft
        Source: Engel & Volkers Truckee 1 #20193058 Report a problem
        10/23/2019Listing removed$2,095,000$363/sqft
        Source: Martis Camp Realty, Inc. #20181931 Report a problem
        8/29/2019Price change$2,095,000-2.3%$363/sqft
        Source: Martis Camp Realty, Inc. #20181931 Report a problem
        12/11/2018Price change$2,145,000-6.5%$371/sqft
        Source: Martis Camp Realty, Inc. #20181931 Report a problem
        7/17/2018Listed for sale$2,295,000+118.4%$397/sqft
        Source: Martis Camp Realty, Inc. #20181931 Report a problem
        3/1/2010Sold$1,051,000-10.4%$182/sqft
        Source: TSMLS #20100164 Report a problem
        12/23/2009Sold$1,173,494-38.2%$203/sqft
        Source: Public Record Report a problem
        4/30/2009Listing removed$1,900,000$329/sqft
        Source: Listhub #2900907 Report a problem
        4/26/2009Listed for sale$1,900,000-15.6%$329/sqft
        Source: Listhub #2900907 Report a problem
        5/20/2005Sold$2,250,000+621.2%$390/sqft
        Source: Public Record Report a problem
        1/7/2000Sold$312,000$54/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$34,350 +2.2%$3,049,080 +2%
        2024$33,619 +0.4%$2,989,295 +2%
        2023$33,499 +23.2%$2,930,682 +24.5%
        2022$27,202 +15.2%$2,354,120 +11.4%
        2021$23,613 +65.2%$2,113,393 +70.4%
        2020$14,291 $1,240,483 +2%
        2019$14,291 +5.4%$1,216,160 +2%
        2018$13,556 +1.7%$1,192,314 +2%
        2017$13,335 +0.6%$1,168,936 +2%
        2016$13,254 +2.4%$1,146,017 +1.5%
        2015$12,947 +4.3%$1,128,804 +2%
        2014$12,412 $1,106,693 +0.5%
        2013-- $1,101,692 +2%
        2012-- $1,080,091 +2%
        2011-- $1,058,913 -1.4%
        2010-- $1,074,000 -55.9%
        2009-- $2,435,470 +2%
        2008-- $2,387,717 +2%
        2007-- $2,340,900 +2%
        2006-- $2,295,000 +12.5%
        2005-- $2,039,740 +2%
        2004-- $1,999,746 +1.9%
        2003-- $1,963,096 +2%
        2002-- $1,924,604 +408.8%
        2001-- $378,240 +26.1%
        2000-- $300,000
        Find assessor info on the county website

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 96161

        Getting around

        0 / 100
        Car-Dependent
        16 / 100
        Somewhat Bikeable

        Nearby schools

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