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

12481 Rainbow Dr
Truckee, CA 96161

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

$942,000

Last Sold: Dec 8, 2025
3% below list $969K
$651/sqft
Est. Refi. Payment $5,703/mo*
Refinance Your Home

$942,000

Last Sold: Dec 8, 2025
3% below list $969K
$651/sqft
Est. Refi. Payment $5,703/mo*
Refinance Your Home
3 Beds
2 Baths
1,448 sqft
(on 0.33 acres)

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

Property Type
Single-Family Home
Year Built
1978
Lot Size
0.33 acres
Living Area
1,448 sqft
Price/Sqft
$651/sqft
Parking
2 Car Garage

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 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). It is currently off market. The Trulia Estimate is $943,300, with a rent estimate of $3,931/month.

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
Last check for updates: about 1 hour ago
Listed by Jenna J Belden, (530) 448-6035
COMPASS
Bought with: Jenna J Belden, (530) 448-6035, COMPASS
Source: TSMLS, MLS#20251919

Price History for 12481 Rainbow Dr

DatePriceEventSource
12/08/2025$942,000Sold
TSMLS #20251919
11/09/2025$969,000PendingTSMLS #20251919
09/29/2025$969,000PriceChange
TSMLS #20251919
08/21/2025$999,000Listed For SaleTSMLS #20251919
06/24/2022$900,000Sold
TSMLS #20220871
05/25/2022$899,000PendingTSMLS #20220871
05/13/2022$899,000Listed For SaleTSMLS #20220871
05/13/1999$173,000Sold
N/A

Market trends in Truckee

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.06M
$69.17KMoM
Sale-to-List Price
98.3%
0.6%MoM
Price per sq ft
$607
$10MoM
Available listings
233
6MoM
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Property Tax and Assessment

Year2025
Tax$9,956
Assessment$862,920
Home facts updated by county records

Comparable Sales for 12481 Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
10488 Heather Rd, Truckee, CA
0.15
Single-Family Home
$950,000
08/20/25
3
2.5
1,519
12680 Madrone Ln, Truckee, CA
0.26
Single-Family Home
$831,000
08/15/25
3
2
1,288
10165 Whitetail Ln, Truckee, CA
0.13
Single-Family Home
$830,000
07/22/26
2
2
1,425
12480 Rainbow Dr, Truckee, CA
0.04
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
10384 Jeffrey Way, Truckee, CA
0.34
Single-Family Home
$901,000
06/03/26
3
2
1,470
12068 Pine Forest Rd, Truckee, CA
0.24
Single-Family Home
$770,000
08/19/25
3
3
1,788
10443 Lenelle Ln, Truckee, CA
0.28
Single-Family Home
$925,000
11/04/25
3
2.5
1,660
10493 Iris Rd, Truckee, CA
0.27
Single-Family Home
$800,000
10/24/25
2
2
1,234

Nearby homes

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Assigned Schools

These are the assigned schools for 12481 Rainbow Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • 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
  • Jude
    "Can ride bikes to town on a bike path the entire way. The bike paths are very safe for kids and dogs and are through the woods and paved."
    0
    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

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Homes for sale near 12481 Rainbow Dr

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Off Market Homes Near 12481 Rainbow Dr

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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.
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