$6,995,000
12232 Pete Alvertson Drive
Truckee, CA 96161
STR Status Unknown
6 Beds
·
6.5 Baths
·
5,944 Sq Ft
·
31798 Lot
Virtual Tour

About This Property

Welcome to this unparalleled, custom estate in Lahontan: winner of the 2025 Tahoe Quarterly "Mountain Home Award". Masterfully conceived by Design Sense and built in 2023 by renowned Gallagher Construction with interior selections by KTG Design. Every inch of this home reflects elevated craftsmanship and thoughtful detail. Situated on a peaceful wooded lot at .73 of an acre, this home boasts 6 bedrooms (5 primary suites), an executive office with a fireplace and sound proof sliding glass door, a media/flex room, and an exercise room. The gourmet kitchen features natural stone slabs paired with steel and glass cabinetry, creating a modern, clean aesthetic. Floor-to-ceiling windows in the great room and entryway with a multi-slide patio door create a seamless indoor-outdoor flow. The back terrace is equipped with 2 fire pits, semi-subterranean hot tub, built-in outdoor kitchen, and tranquil streamscape. Beautiful raked cedar and earthy board-formed concrete on the exterior. THIS HOME ALSO HAS A GOLF MEMBERSHIP FOR SALE. Located within the exclusive, gated Lahontan community with a Championship 18-hole Tom Weiskopf-designed golf course, tennis, spa, lodge dining, Camp Lahontan, and more. Minutes to Northstar and Truckee. This award-winning home offers a rare opportunity to own one of Lahontan’s finest custom estates! See link to the Tahoe Quarterly article on this home: https://tahoequarterly.com/mountain-home-awards-2025/sleek-functionality. Don't forget to ask for the designer specification list and photos!

Listed by Anna Kennerley — COMPASS

Listing Details

Status Active
MLS # 20260032
Days on Market 67
Price/Sq Ft $1,177

Property History

Jan 10, 2026
Listed for sale
$6,995,000
Property Overview
Beds 6
Baths 6.5
Sq. Ft. 5,944
Lot Size 0.73 acres
Stories 3
Year Built 2023
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
APN 108-110-009-00
Parking
Parking Features Three
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,High Speed Internet,Hot Tub,Steam Shower,Air Conditioning,Generator
Lot Features Gentle
View Peek,Filtered,Wooded,Mountain
Construction Wooded
Roof Metal
Utilities & Systems
Heating Natural Gas,CFAH,In Floor
Financial
HOA Fee $483
HOA & Community
Community Amenities Pool,Tennis Courts,Golf,Exercise Equipment,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%

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% ($1,399,000)
Home price
$6,995,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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