Schaffer’s Mill is a newer golf course community that is located in the Martis Valley across from the Truckee Airport and near the Lahontan and Martis Camp subdivisions. The community consists of approximately 218 single family home sites on lots ranging in size from ¼ acre to ¾ acres. There are also about 188 luxury townhomes. This community was originally named "Timilick" and has been renamed to be Schaffer's Mill.

Schaffer's Mill is situated on gently rolling terrain and most of the homes have level driveway access. There are many tall pine trees and beautiful views of the mountains from many of the home-sites. The amenities include a community club house with fitness facilities, a restaurant and bar, tennis courts, swimming pool, an 18 hole championship golf course, fishing ponds, and community walking trails.

Schaller's Mill is the community location of the HGTV Dream Home 2014 !