Skip main navigation
Sold for $1,041,000
  • $1,041,000

    12480 Rainbow Dr, Truckee, CA 96161

    3beds
    1,834sqft
    Single Family Residence
    Built in 1996
    0.49 Acres Lot
    $1,003,400 Zestimate®
    $568/sqft
    $4,468 Estimated rent

    Home value

    $1,003,400

    $953,000 - $1.05M

    $4,468/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $4,468/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $4,468/mo

    Rent Zestimate®

    Refinance and save

    $6,451/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $6,451/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Separate vestibuleBrand-new garage storage systemGourmet kitchenNestled among the pinesRadiant heated floorsHigh-end stainless steel appliancesSpa-like rain shower
    Nestled among the pines in Prosser Lakeview Estates, this Truckee retreat offers the rare combination of refined mountain living and effortless tranquility. From the moment you arrive, the wide, flat driveway, a true luxury during Sierra winters, and thoughtfully designed, separate vestibule signal that every detail of this home has been considered. Inside, 1,834 square feet of open-plan living unfolds beneath vaulted wood ceilings, where a classic wood-burning stove anchors the great room in warmth and character. A dramatic wall of windows frames sweeping 180-degree views of your private forested hillside, creating a living painting that changes with every season, yet always feels completely your own. The gourmet kitchen is both beautiful and functional, outfitted with high-end stainless steel appliances, generous counter space, and a center island with bar seating that is equally suited to a quiet morning coffee or a lively après-ski dinner party. The adjacent dining area flows seamlessly into the living room, making the entire main level feel at once spacious and intimate. Three bedrooms and 2.5 bathrooms provide comfort for family and guests alike. The primary ensuite is a true sanctuary: enter through a sleek barn door to discover radiant heated floors, double vanities, a walk-in closet, and a spa-like rain shower. The second full bathroom is equally considered, with custom tile work, a full bathtub, and a flexible handheld shower. Recent improvements elevate everyday living throughout: luxury vinyl plank flooring in the main living area delivers style and easy upkeep; plush Berber wool loop carpet makes the downstairs bedrooms warm and inviting; and a brand-new garage storage system ensures mountain life stays beautifully organized. Situated on approximately half an acre, you can step outside and breathe it all in. The deck backs directly to a wooded hillside for complete privacy, where you can sink into the hot tub under a canopy of stars, gather around the table for an alfresco dinner, or simply let the stillness of the forest settle over you. And when adventure calls, you're perfectly positioned to answer: Prosser Reservoir, Downtown Truckee, and the Truckee River are all five minutes away; Donner Lake is just 12; and the shores of Lake Tahoe are a short 25-minute drive. Whether you're seeking a full-time residence or the ultimate mountain getaway, this is the one you've been waiting for.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lukas Brassie 530-412-4495,

    COMPASS

    Bought with:

    Celia Klein, DRE #01975146

    Engel & Volkers Truckee

    Source: TSMLS,MLS#: 20261104MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Natural Gas, CFAH
    Appliances
    • Included: Range, Oven, Disposal, Dishwasher, Refrigerator
    • Laundry: In Hall
    Features
    • High Ceilings, Loft, Air Lock Entry
    • Flooring: Carpet, Tile, Mixed
    • Has fireplace: Yes
    • Fireplace features: Fireplace: Living Room, Freestanding
    Interior area
    • Total structure area: 1,834
    • Total interior livable area: 1,834 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Two, Attached
    • Attached garage spaces: 2
    Features
    • Levels: Three
    • Patio & porch: Deck(s): 1
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 0.49 Acres
    • Features: Street
    • Topography: Level,Upslope,Gently Rolling
    Details
    • Parcel number: 016360016000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mountain
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1996

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Utility District
    • Utilities for property: Natural Gas Available

    Community & HOA

    Community
    • Subdivision: Truckee
    HOA
    • Has HOA: No
    Location
    • Region: Truckee

    Financial & listing details

    • Price per square foot: $568/sqft
    • Tax assessed value: $716,332
    • Annual tax amount: $8,410
    • Price range: $1M - $1M
    • Date on market: 6/8/2026
    • Listing terms: Cash To New Loan

    Price history

    DateEventPrice
    7/14/2026Sold$1,041,000+4.2%$568/sqft
    Source: TSMLS #20261104 Report a problem
    6/17/2026Pending sale$999,000$545/sqft
    Source: TSMLS #20261104 Report a problem
    6/8/2026Listed for sale$999,000+52.5%$545/sqft
    Source: TSMLS #20261104 Report a problem
    6/25/2020Sold$655,000-3%$357/sqft
    Source: TSMLS #20200352 Report a problem
    5/27/2020Pending sale$675,000$368/sqft
    Source: COMPASS #20200352 Report a problem
    2/29/2020Listed for sale$675,000+72.4%$368/sqft
    Source: COMPASS #20200352 Report a problem
    7/1/2005Sold$391,500+61.4%$213/sqft
    Source: Public Record Report a problem
    6/4/1999Sold$242,500$132/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,410 +2.1%$716,332 +2%
    2024$8,238 +0.2%$702,287 +2%
    2023$8,218 +2%$688,518 +2%
    2022$8,060 +5.2%$675,019 +2%
    2021$7,660 +34%$661,785 +38.3%
    2020$5,715 -0.1%$478,500 +2%
    2019$5,719 +4.8%$469,100 +3%
    2018$5,455 +12.5%$455,500 +13.1%
    2017$4,850 +3.3%$402,800 +5%
    2016$4,694 +2.9%$383,700 +2%
    2015$4,563 +10.6%$376,100 +8.9%
    2014$4,124 $345,500 +5%
    2013-- $329,000
    2012-- $329,000
    2011-- $329,000 -23.1%
    2010-- $428,000 +0.1%
    2009-- $427,378 +2%
    2008-- $418,999 +2%
    2007-- $410,784 +2%
    2006-- $402,731 +2%
    2005-- $394,835 +2%
    2004-- $387,094 +47.5%
    2003-- $262,488 +2%
    2002$267 $257,342 +2%
    2001$267 $252,297
    Find assessor info on the county website

    Neighborhood: 96161

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,003,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,003,400