$7,700,000
10632 Olana Drive
Truckee, CA 96161
⚠ STR Permit Cap Reached
Town of Truckee STR permit cap has been reached. 1-year waiting period after purchase before you can apply. Verify current waitlist status before buying.
5 Beds
·
4.5 Baths
·
4,565 Sq Ft

About This Property

Welcome to 10632 Olana Drive, where modern design meets mountain living in one of Tahoe’s most coveted communities - Martis Camp. Designed by the architectural firm Sagemodern, this 4,565-square-foot estate features 5 bedrooms and 4.5 baths. A striking expression of mountain modern architecture, it blends wood, steel, concrete, and glass into a seamless design deeply connected to its alpine surroundings. Set on 1.40 acres and perched on a private homesite backing to the 7th hole of the Tom Fazio designed golf course. Inside, wood-planked ceilings, custom tile flooring, exposed steel beams, and concrete accents provide texture and depth throughout. The chef’s kitchen, features luxury Bosch appliances, and a grand island, flows effortlessly into the dining area. Sliding doors extend the living space to an outdoor terrace with outdoor dining and a jacuzzi spa. The primary suite is a private sanctuary featuring a spa-inspired bath. Each of the four additional bedrooms provides a stylish and comfortable retreat for family and guests. Forbes noted, “Martis Camp may be the best four-season private community in the U.S.” This home embodies a rare blend of modern luxury, mountain serenity, and the coveted Martis Camp lifestyle - making it one of the premier offerings in the Sierra.

Listed by Sulamita Skots — USKO Realty Inc

Listing Details

Status Active
MLS # 20252239
Days on Market 183
Price/Sq Ft $1,687

Property History

Oct 01, 2025
Listed for sale
$7,700,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,565
Lot Size 1.40 acres
Stories 2
Year Built 2016
Property Type Single Family Residence
Style Modern
Subdivision Martis Valley
County Placer
STR Jurisdiction Town of Truckee
APN 106-070-004-000
Parking
Parking Features Two
Exterior & Lot
View Golf
Roof Flat
Financial
HOA Fee $633
📊

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 — 10632 Olana Drive, Truckee

Est. Annual Revenue
$248,274
Avg Nightly Rate
$2122
Projected Occupancy
32.0%
Cap Rate
1.3%
Structural Score: 58 / 100 (Premium) · STR Zone: Green

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
Home insurance
$0
Estimate only — wildfire zone rates vary. Contact a local broker for an accurate quote.
Down payment
20% ($1,540,000)
Home price
$7,700,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Real Estate Agent
License #CA 02235314

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