$12,650,000 Active
10536 Olana Drive
Truckee, CA 96161
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
5 Beds
·
5.5 Baths
·
5,742 Sq Ft
Virtual Tour

About This Property

There’s a sense of anticipation and suspense as you drop down the circular driveway, past the gardens, water feature and courtyard that line the front door. Before you is a 5,742 square-foot Martis Camp mountain modern home with handsome features composed of metal and wood. Beyond that front door is a scene that’s even more impressive. There you’ll encounter an east-facing wall of windows with doors swinging open to an expansive sun-filled patio. A glance to the left reveals a great room with abundant windows and a panoramic, modern fireplace of river rock and metal. Beyond is a spacious wraparound patio with hot tub, firepit, covered dining, barbecue bay, glimpses of the 4th tee box on the Tom Fazio masterpiece golf course, and nights filled with good conversation and laughter. The kitchen and dining room share this same view, the kitchen with its large counter, colorful Bertazoni stove, and cabinets and appliances placed artfully behind picklewood facades, the dining room with a stunning chandelier and views that are just as brilliant. Nearby is an intimate room ideal as a library/reading nook or a setting well suited to a long night of board games. Right of the entry is the primary suite and, adjacent to it, a spacious office with fireplace and big screen tv. Beyond this primary suite’s patio doors is a hot tub situated beneath night skies that run heavy on the stars. The wing left of the living space has an upstairs area with media room that serves as a hub to two bedrooms and one suite. At the bottom of the stairs is a courtyard with a water feature fronting the guest house, a one-bedroom/full-kitchen guest cottage that mirrors the main home’s elegance. This cottage also accesses the patio that wraps around this 5 bedroom, 5.5 bathroom estate. All told, this estate and its attractive guest house explains why Links Magazine recently stated that, “Only one thing is more beautiful than visiting Martis Camp, and that is living there.”

Listed by Jeffrey Hull — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20261632
Price/Sq Ft $2,203

Property History

Aug 04, 2026
Listed for sale
$12,650,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Aug 2024 $9,895,000 Jeffrey HullMartis Camp Realty, Inc. Brian HullMartis Camp Realty, Inc.

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed.

Property Overview
Beds 5
Baths 5.5
Sq. Ft. 5,742
Lot Size 1.90 acres
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106070017
Parking
Garage Spaces 3
Parking Features Three, Attached
Attached Garage Yes
Exterior & Lot
Lot Features On Golf Course, Landscaped
View Filtered, Trees/Woods, Mountain(s), Golf Course
Construction Frame, Steel Siding
Roof Metal, Shake/Shingle
Utilities & Systems
Heating Natural Gas
Cooling Air Conditioning
Financial
HOA Fee $2,000 / Quarterly
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 10536 Olana Drive, Truckee

Est. Annual Revenue
$373,347
Avg Nightly Rate
$3191
Projected Occupancy
32.0%
Cap Rate
1.2%
Structural Score: 61 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Truckee. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($2,530,000)
Home price
$12,650,000
Loan details
30-yr fixed, 6.5%
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