In Tahoe-Truckee's luxury market, the competition is fierce thanks to an influx of new homebuyers.

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With proximity to Lake Tahoe, world-class ski resorts and scenic parks, Truckee residents have long predicted that their sleepy, little town would continue to grow—what they didn't foresee was just how fast that change would come about.

Endless year-round activities that the Tahoe area has to offer are a short drive away.

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While official figures won't be released until the fall, various reports have estimated anywhere from a 10-15% increase in population, including a San Francisco Chronicle study, which found a 1,082% increase in households moving from San Francisco in 2020.

The updated home has five bedrooms, 6.5 bathrooms and nearly 5,200 square feet of space.

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"We expected to see growth in Truckee but maybe over the course of 10-12 years," says Katie Tyler of Tahoe Mountain Realty. "It all happened within two years."

Located on one of the premier homesites within the Lahontan community, this residence enjoys ideal ... [+] sun orientation with golf, mountain and ski resort views.

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The once railroad community also found itself positioned at number one on Zillow's most popular places of 2021, which based their selection on "Zillow page-view traffic, available housing inventory, price appreciation and other housing barometers that indicate consumer demand."

Designed with flexibility of use in mind, the layout has ample room for larger group gatherings ... [+] while also providing informal comfortable spaces.

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Tyler says that the extreme influx of new residents and high construction costs have caused new development in the already low-inventory area to become more expensive than ever. As a result, completed homes are often a more viable option. "In our micro-market, construction costs go through the roof, along with labor shortages and supply chain issues. So, if buyers want a home anytime in the foreseeable future with a reputable design and construct and a desirable location, they need to start looking at something that's already completed."

The chef's kitchen features top-tier appliances, fixtures and a center island.

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Surveying Tahoe-Truckee's current inventory, new and few options available include a 5,100-square-foot home in Lahontan, one of the area's most desirable golf resort communities. Tyler and fellow Tahoe Mountain agent Tal Fletcher are representing the property at 12223 Pete Alvertson Drive, which is being offered for $6.5 million.

Vaulted ceilings top the home's great room.

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Tucked away among the trees on one of the community's best lots, the six-bedroom home was built in 2002. Wood and stone elements such as shingle siding, tree-trunk columns and rock facades make for a traditional, luxury cabin exterior.

All bedrooms are ensuite and spacious with several additional flex room options.

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Tastefully updated and enhanced, interior spaces feature more contemporary touches, including sleek counters and cabinetry in an open-concept kitchen, a glass-fronted wine cellar and a spa bathroom with a modern freestanding soaking tub.

The primary bathroom is a treat with dual sinks and a wood soaking tub.

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Stylings more associated with more classic mountain abodes can also be found throughout the residence, such as high, wood-paneled ceilings, log accents and stone fireplaces.

Even the soaking tub has a world-class view.

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Designed with an expansive, sectioned layout, the home allows for big families to co-exist without stepping on each other's toes, says Fletcher. "You can fit three generations in this house and still feel like you have your own space. Grandma and grandpa can be relaxing in the primary while the kids are having fun on the other side of the house."

Outdoor spaces are abundant and include an intimate fire pit and spa area.

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Other highlights include a private upstairs office, sizable laundry/mud room and an impressive, spacious great room.

Multiple outdoor living areas invite relaxation and encourage the simple enjoyment of nature.

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The property is located just off of the seventh fairway of the Lahontan Golf Course, with sweeping views of the surrounding mountains. A spa, outdoor dining area and fire pit make up the plot's outdoor offerings.

The Lahontan property at 12223 Pete Alvertson Drive, on the market for $6.5 million, is listed with ... [+] Katie Tyler and Tal Fletcher of Tahoe Mountain Realty.

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"It's a timeless mountain retreat," says Tyler, "and when complemented with the updates, you have a clean, bright finish that will appeal to today's buyers."

Tahoe Mountain Realty is an exclusive member of Forbes Global Properties , a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.