12481 Rainbow Dr, Truckee, CA 96161
SOLD
DEC 8, 2025

$961,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,448 sqft (on 0.33 acres)

12481 Rainbow Dr, Truckee, CA 96161

Est. Refi. Payment $6,028/mo*
Refinance Your Home
Currently Off Market - Sold Dec 8, 2025 for $942,000 (3% below list price)

Home Value

Trulia Estimate
$961K
Since last month
Decreased$2K (-0.2%)
Since last year
Decreased$6K (-0.6%)
Since last sale
Increased$21K (+2.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +124% in the last 10 years
MonthEstimated value
2026
September 2026$963K
August 2026$965K
July 2026$945K
June 2026$951K
May 2026$957K
April 2026$949K
March 2026$961K
February 2026$946K
January 2026$941K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
10165 Whitetail Ln, Truckee, CA
0.13
Single-Family Home
$830,000
07/22/26
2
2
1,425
12480 Rainbow Dr, Truckee, CA
0.03
Single-Family Home
$1,041,000
07/14/26
3
2.5
1,834
12474 Lakeview Ct, Truckee, CA
0.05
Single-Family Home
$1,185,000
02/26/26
3
3
2,221
12350 Greenwood Dr, Truckee, CA
0.33
Single-Family Home
$817,000
08/31/26
3
2
1,300
10384 Jeffrey Way, Truckee, CA
0.34
Single-Family Home
$901,000
06/03/26
3
2
1,470
10443 Lenelle Ln, Truckee, CA
0.28
Single-Family Home
$925,000
11/04/25
3
2.5
1,660
12115 Pine Forest Rd, Truckee, CA
0.17
Single-Family Home
$635,000
10/31/25
2
2
1,024
10493 Iris Rd, Truckee, CA
0.27
Single-Family Home
$800,000
10/24/25
2
2
1,234
10612 E Alder Creek Rd, Truckee, CA
0.37
Single-Family Home
$715,000
11/03/25
3
2
1,590

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
12474 Lakeview Ct, Truckee, CA 96161
0.05
$1,200,000
3
3
2,221
For Sale
10515 Laurelwood Dr, Truckee, CA 96161
0.05
$748,500
3
2
1,056
Off Market
12480 Rainbow Dr, Truckee, CA 96161
0.03
$1,041,000
3
2.5
1,834
Recently Sold
10618 Laurelwood Dr, Truckee, CA 96161
0.08
$699,000
2
1
1,050
For Sale
12440 Rainbow Dr, Truckee, CA 96161
0.05
$1,029,100
3
2
1,641
Off Market
10628 Laurelwood Dr, Truckee, CA 96161
0.09
$833,300
2
2
1,092
Off Market
10648 Laurelwood Dr, Truckee, CA 96161
0.10
-
-
-
-
Off Market
12400 Rainbow Dr, Truckee, CA 96161
0.08
$70,000
-
-
-
Recently Sold
10488 Heather Rd, Truckee, CA 96161
0.15
$972,700
3
2.5
1,519
Off Market
12354 Rainbow Dr, Truckee, CA 96161
0.13
$793,500
3
2
1,844
Off Market
10165 Whitetail Ln, Truckee, CA 96161
0.13
$830,000
2
2
1,425
Recently Sold

Local Information

  • Map ViewExplore the area around 12481 Rainbow Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1978
0.33 acre lot
1,448 sqft
$651/sqft
2 Car Garage

About this House

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.
12481 Rainbow Dr, Truckee, CA 96161 is a 3 bedroom, 2 bathroom, 1,448 sqft single-family home built in 1978. It last sold for $942,000 on Dec 8, 2025 (3% below the $969,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $961,300, with a rent estimate of $4,236/month.
Last check for updates: about 12 hours ago
Listed by Jenna J Belden, (530) 448-6035
COMPASS
Bought with: Jenna J Belden, (530) 448-6035, COMPASS
Source: TSMLS, MLS#20251919

Home Details for 12481 Rainbow Dr

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1448 Square Feet
Appliances & Utilities
Utilities: Natural Gas Available, Cable ConnectedAppliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, DryerDishwasherDisposalDryerLaundry: In GarageMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Natural Gas,Baseboard,HydronicHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
Fireplace: Fireplace: Living Room, Gas FireplaceHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Vinyl, Mixed
Levels, Entrance, & Accessibility
Levels: OneAccessibility: Few StepsFloors: Vinyl, Mixed
View
Has a ViewView: Trees/Woods
Security
Security: Closed Circuit Camera(s)

Exterior Features

Exterior Home Features
Roof: Composition MetalPatio / Porch: Deck(s): 2Other Structures: OutbuildingFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Two,Attached
Water & Sewer
Sewer: Septic Tank, Utility District
Surface & Elevation
Topography: Level, Downslope, Gently Rolling

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: FrameNot a New Construction
Property Information
Condition: Updated/Remodeled, Like NewParcel Number: 016360003000

Price & Status

Price
List Price: $969,000Price Per Sqft: $651/sqftPrice Range: $942,000 - $969,000
Status Change & Dates
Off Market Date: Sat Nov 08 2025

Active Status

MLS Status: SOLD

Media

Location

Direction & Address
City: TruckeeCommunity: Truckee

Building

Building Area
Building Area: 1448 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.33 acres

Listing Info

Special Conditions: Standard

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: 20251919Days In Mls: 79

Price and Tax history

DateEventPrice
Dec 8, 2025
Source: TSMLS #20251919
Sold
$942,000
Nov 9, 2025
Source: TSMLS #20251919
Pending
$969,000
Sep 29, 2025
Source: TSMLS #20251919
PriceChange
$969,000
Price decreased by 3%
Aug 21, 2025
Source: TSMLS #20251919
Listed For Sale
$999,000
Jun 24, 2022
Source: TSMLS #20220871
Sold
$900,000

Market trends in Truckee

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.13M
$28.83KMoM
Sale-to-List Price
99.4%
0.2%MoM
Price per sq ft
$611
$3MoM
Available listings
266
11MoM

Around this home

What Locals Say about Truckee

At least 158 Trulia users voted on each feature.

  • 91 % Say it's dog friendly

  • 89 % Say car is needed

  • 88 % Say there's wildlife

  • 77 % Say parking is easy

  • 77 % Say people would walk alone at night

  • 75 % Say there's holiday spirit

  • 74 % Say it's quiet

  • 74 % Say yards are well-kept

  • 73 % Say they plan to stay for at least 5 years

  • 67 % Say kids play outside

  • 58 % Say neighbors are friendly

  • 44 % Say there are community events

  • 38 % Say it's walkable to restaurants

  • 18 % Say there are sidewalks

  • 17 % Say it's walkable to grocery stores

  • 16 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Anne Peterson
    "Golf course, very quiet. Very central to town. "
    0
    Flag
  • Aftertheharvest
    "Halloween, 4th, Truckee Thursdays, music and more. Great family community, just really expensive but totally worth it "
    0
    Flag
  • Daniel Ricciato
    "I live about 150 miles away so my commute would be quite arduous if I lived here full time. That being said I suppose I could take a private plane and then it would be quite enjoyable."
    0
    Flag
  • Trulia User
    "The Lake and the mountains are unique and lovely. Old town has such a beautiful day time experience walking along the river."
    0
    Flag
  • Trulia User
    "Truckee Thursdays are the best very fun and full of surprises from the community and also with special small business from the area."
    0
    Flag
  • Lindsaylahonta
    "locals neighborhood. trails out backyard, and also paved path. close to middle school, rec center, and pool"
    0
    Flag
  • Jazzedallday
    "I’ve lived in this neighborhood for 11 years and it is full of friendly people, has a beautiful river and tons of wildlife and scenery. Definitely for the outdoor type. "
    0
    Flag
  • Aftertheharvest
    "25 minutes to work one way. Easy and flat. Public transportation would not be feasible from Glenshire at all. "
    0
    Flag
  • Wellsangie2003
    "Music in the park on Wednesday nights in the summer and Truckee Thursdays. Truckee Clean up day with BBQ at the park. 4th of July party. TRUCKEE Follies, "
    1
    Flag
  • Mklehrmann
    "Mountains and lakes, newer homes and well maintained. Neighborhood amenities are convenient. Easy access and many activities."
    0
    Flag
  • Minna J.
    "Lake Tahoe is so beautiful, with majestic mountains everywhere and quaint little towns with lots of good places to eat and drink."
    0
    Flag
  • Selby06
    "Too much traffic and town is too busy to truly enjoy it anymore. Ski resorts are way to crowded to ski on the weekends."
    0
    Flag
  • Katie M.
    "Easy access to open space when they can be let off leash. There are lakes and reservoirs nearby to take dogs to play fetch and swim. "
    1
    Flag
  • Paigenicole77
    "The 4th of July has a lot of fun events to attend in the area. It is so fun. You should live here. I"
    0
    Flag
  • Gdesinphillips
    "We are in wild animals territory. It’s important to the safety of our pets to never forget. We had great walks with our pup on the legacy trail along the river."
    1
    Flag
  • Mwwhite38
    "too much traffic on my hill . Snow plow makes a berm.... must stay on top of it. Keep plenty of wood. Nice in the spring and summer. I like the music in the park and at Squaw in good weather. winter utilities are high. Fuel is high . Shopping in Re.no is much better price wise. "
    1
    Flag
  • Joshua M.
    "Our three dogs love the hiking trails nearby, playing at the dog beach at Donner Lake, and the dog-friendly community!"
    0
    Flag
  • Megankeyeslux
    "Super easy 5 minutes to town an work an to all the fabulous night life and restaurants. Coffee shops In walking distance "
    0
    Flag
  • Billkea
    "my neighborhood does not have public transportation to downtown. A car is required in this neighborhood"
    0
    Flag
  • Olson
    "Easy for the most part... except in winter, you never know what you’re going to get. All in all, it’s worth it to live in such a magical place"
    1
    Flag
  • Jazzedallday
    "There are lots of trails for walking and bikes. Neighbors are great and considerate. People look at for each other. "
    0
    Flag
  • Michelle M.
    "Very dog friendly - all the neighborhood dogs know each other!!! And the neighbors all know whose dog belongs where and to which neighbor or visitor!"
    1
    Flag
  • Jazzedallday
    "Lived here9 years. Nice neighbors and neighborhood. Safe, clean great community. Plentiful bike and hiking trails. "
    0
    Flag
  • Nancy S.
    "Good place to live with low crime and good schools. A lot of good outdoor activities including skiing in the winter and mountain bike or pump track in the summer. "
    0
    Flag
  • HB530
    "My commute to work is 15 min. Almost no traffic, unless there is snow. And people trying to make it to the resorts to ski. "
    1
    Flag
  • Rozworrall
    "We have two 4 wheel drive vehicles, one for each of us. One can go skiing and one can go to Reno or golfing. e use public transportation if the timing is right and/or we do not need to transport, kayaks, golf clubs, ski equipment or groceries."
    0
    Flag
  • Cperettie
    "Movie night in the summer at Tahoe dinner. Summer concert series. The Beach club and activities at dinner lake. Skiing at Tahoe Donner Ski hill as well as hiking all the trails. "
    0
    Flag
  • Dalsey e.
    "Truckee is a great place to have a dog or multiple dogs. There are national parks and open spaces where dogs can run off leash safely without the danger of cars. If you don’t have a tracker or if your dog doesn’t return on command then you might want to think about keeping them on a leash. There is a lot of wild life to make your dog run off and get lost. "
    0
    Flag
  • Your F. W.
    "This is a dog friendly area. It is safe to walk with animals and safe to do so. Unfortunately the street can be Busy "
    0
    Flag

LGBTQ Local Legal Protections

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
The information being provided is for the consumers personal , non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
© Copyright 2026 Tahoe Sierra Multiple Listing Service. All rights reserved.

Frequently asked questions about 12481 Rainbow Dr

  • What is 12481 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 12481 Rainbow Dr in Truckee, CA is $961,300.
  • What is the price history for 12481 Rainbow Dr?
    12481 Rainbow Dr in Truckee, CA last sold for $942,000 in December 2025.
  • Is Truckee a buyer's or seller's market?
    Truckee is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Truckee?
    The median sale price in Truckee is $1.13M. That is up $28.83K from the prior month.
  • Does 12481 Rainbow Dr have laundry facilities?
    Yes, 12481 Rainbow Dr in Truckee, CA has in-unit laundry.
  • How big is the lot at 12481 Rainbow Dr?
    The lot at 12481 Rainbow Dr in Truckee, CA is about 0.33 acres (14,375 sq ft).

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