12481 Rainbow Dr

Truckee, CA 96161

$942,000
Last Sold Price
3
Beds
1,448 Sq. Ft.
$651 / Sq. Ft.
1,448
Sq. Ft.
$651
per Sq. Ft.
Sold 12/8/25
Sold 12/8/25

Description

Welcome home to this stunning, *fully renovated* residence in the highly sought-after Prosser Lakeview Estates neighborhood. Every detail has been thoughtfully upgraded—from brand-new electrical systems and modern fixtures to refreshed finishes and refined design elements—bringing a perfect balance of comfort, quality, and mountain charm. Step inside to a bright, airy interior where the open floor plan flows seamlessly between living, dining, and kitchen areas, creating an ideal environment for both...Welcome home to this stunning, *fully renovated* residence in the highly sought-after Prosser Lakeview Estates neighborhood. Every detail has been thoughtfully upgraded—from brand-new electrical systems and modern fixtures to refreshed finishes and refined design elements—bringing a perfect balance of comfort, quality, and mountain charm. Step inside to a bright, airy interior where the open floor plan flows seamlessly between living, dining, and kitchen areas, creating an ideal environment for both everyday living and effortless entertaining. The renovation was comprehensive, enhancing not just style but functionality, with improvements throughout that make this home truly move-in ready. Outside, a spacious and sunny backyard invites fun and relaxation—perfect for kids, pets, outdoor dining, or gatherings beneath the pines. It’s an entertainer’s dream and a family haven rolled into one, offering space to play, garden, or unwind year-round. From your doorstep, explore miles of nearby trails for hiking and biking, or spend a day at Prosser Lake paddle-boarding, fishing, or picnicking with mountain views all around. The home also offers excellent access to town conveniences—just minutes to Historic Downtown Truckee, Glenshire Elementary’s school bus stop, and local favorites like Truckee Thursdays and Music in the Park. This is a rare opportunity to own a *completely renovated* mountain home in one of Truckee’s most desirable neighborhoods—where modern living, family-friendly outdoor space, and the Tahoe lifestyle come together perfectly.

Listing Agent

  1. Jenna Belden

    Jenna Belden

    Listing Agent

    Compass

    DRE #01863303

    jenna.belden@compass.com

    P: (530)-448-6035

    CallTextEmail

Property Details for 12481 Rainbow Drive

Architecture
Ranch
Area
PROSSER LAKEVIEW EST-7NR
Community
Truckee
Furnished
Negotiable
Garage
Two
Garage/ Parking
Attached
Setting
Street
View
Wooded
LISTING UPDATED: 12/08/2025 11:11 AM

Property Details for 12481 Rainbow Drive

StatusSold
MLS #20251919
Days on Compass79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family
Year Built1978
Lot Size0.33 AC / 14,374 SF
CountyNevada County

Location

Listing Courtesy of COMPASS, Jenna Belden, DRE #01863303

Sold By COMPASS, Jenna Belden, DRE #01863303

Add your commute

Building Information for 12481 Rainbow Drive

Stories1Year Built1978Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$5,485 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,655

Property Taxes

$830

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12481 Rainbow Drive

Summary
Location and General Information
  • Directions: Right on Rainbow, just past Lakeview Court, House on Right.
  • FIPS: 06057
  • Floor Coverings: Vinyl, Mixed
  • Geo Address Line: 12481 Rainbow Dr
  • Geo Match Code: 0.0
  • Geo Matched Method: 0.0
  • Geo Postal Code: 96161
  • Geo Primary City: Truckee
  • Geo Quality: 0.95
  • Geo Subdivision: CA
  • Geo Update Timestamp: 1755812929900
  • Geo Zoom Level: 16.0
  • Handicapped Friendly: Few Steps
  • Sub Status: Standard
  • Sub Area: 7NR
Taxes and HOA Information
  • HOA Membership: No
  • LVT Date: 08-21-2025
Virtual Tour
Property
Lot Information
  • Age: 40+ Years
  • APN: 016-360-003-000
  • Approx Acreage: .26 - .5
  • Approx. Sqft: ASSESSOR
  • Topography: Level, Downslope, Gentle
Property and Assessments
  • Foundation: Perim Concrete
  • Property Condition: Extensive Remodel, Like New
  • Sign: Yes
  • Water: Utility District
Utilities
  • Gas: Natural
  • Heating: Natural Gas, Baseboard, Hydronic
  • Sewer: Septic, Utility District
Rental
Rental Information
  • DOMLS: 79.0
Interior and Exterior Features
Exterior Features
  • Construction Phase: FINISHED
  • Construction/Ext: Framed
  • Decks: 2
  • Out Buildings: Yes, See Remarks
  • Roof: Composition, Metal
Interior Features
  • Alarm: No
  • Appliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
  • Bonus Rooms: 1 Ensuite
  • Fireplace: Living Room, Gas Fireplace
  • Laundry: Garage

Property History for 12481 Rainbow Drive

DateEvent & SourcePriceAppreciation
Dec 8, 2025

Sold

TSMLS #20251919

$942,000—
Nov 8, 2025

Pending

TSMLS #20251919

—
Nov 8, 2025

In Contract

TSMLS #20251919

—
Sep 29, 2025

Price Change

TSMLS #20251919

$969,000—
Aug 21, 2025

Listed (Active)

TSMLS #20251919

$999,000—
Jun 24, 2022

Sold

TSMLS #20220871

$900,000—
Jun 15, 2022

Sold (Public Record)

Public Record #1492514249

$900,000—
May 25, 2022

In Contract

TSMLS #20220871

—
May 23, 2022

Pending

TSMLS #20220871

—
May 13, 2022

Listed (Active)

TSMLS #20220871

$899,000—
DateEvent & SourcePrice
12/08/2025

Sold

TSMLS #20251919

$942,000
11/08/2025

Pending

TSMLS #20251919

—
11/08/2025

In Contract

TSMLS #20251919

—
09/29/2025

Price Change

TSMLS #20251919

$969,000
08/21/2025

Listed (Active)

TSMLS #20251919

$999,000
06/24/2022

Sold

TSMLS #20220871

$900,000
06/15/2022

Sold (Public Record)

Public Record #1492514249

$900,000
05/25/2022

In Contract

TSMLS #20220871

—
05/23/2022

Pending

TSMLS #20220871

—
05/13/2022

Listed (Active)

TSMLS #20220871

$899,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12481 Rainbow Drive

Taxable ValueLand$191,760Additions$671,160Total$862,920
Tax Record2025$9,956 ($830 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,448 SqFtAbove Grade Finished SqFt1,448 SqFtStories1Lot Size14,374 SqFtStyleSingle Family ResidenceYear Built1978Year Renovated2005ZoningRCountyNEVADAAPN016-360-003-000Fireplace TypeHas Fireplace

Schools near 12481 Rainbow Drive

This home is within Tahoe-Truckee Unified School District.
Rating
School
Type
Grades
Distance
Glenshire Elementary School
Public - K to 5
Alder Creek Middle School
Public - 6 to 8
Tahoe Truckee High School
Public - 9 to 12
Cold Stream Alternative School
Public - K to 12
Rating
School
Distance
Glenshire Elementary School
PublicK to 5

Alder Creek Middle School
Public6 to 8

Tahoe Truckee High School
Public9 to 12

Cold Stream Alternative School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Jenna Belden, DRE #01863303

Based on information from one of the following Multiple Listing Services: MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS.. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MetroList, Tahoe Sierra Board of REALTORS, South Tahoe Association of REALTORS, Mammoth Lakes Board of REALTORS MLS, Northern Nevada Regional MLS, Incline Village Board of REALTORS, Inyo County MLS, and Plumas Association of REALTORS. is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.