$6,495,000 Active
10936 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.
4 Beds
·
3.5 Baths
·
3,721 Sq Ft

About This Property

This Martis Camp residence was meticulously crafted to showcase captivating and artistic elements throughout its design. However, there is one standout feature that commands attention like no other: a striking four-way fireplace, crafted from riveted metal plates atop a bold granite stone base, serving as the focal point in the heart of this 3,721 square foot home. Its allure draws you in, fostering a sense of wonder and connection—a theme echoed throughout the 4-bedroom, 3.5 bathroom layout. From the windowed corner nook boasting a leathered ceiling with hand-sewn cowhide letters to the zinc kitchen countertop and hood, each detail captivates the senses. The downstairs bunkroom features a climbing wall and fitness bag, while the powder room boasts an artistically crafted copper sink. With a clear directive to evoke curiosity, and an appreciation for art and connection, this home delivers on all fronts. Beyond the commanding fireplace lies an open-concept kitchen, dining area, and great room, all leading seamlessly to a deck with sweeping views of Lookout Mountain and Martis Valley. The outdoor space features a barbecue area and a covered/heated cove with its own fireplace, perfect for year-round enjoyment. Venturing inside, you'll find an office and a luxurious primary suite complete with an impressive rock fireplace and a separate sitting room. Downstairs, the ambiance intensifies with a media room featuring expansive red leather seating, a large-screen TV, and recreational amenities like a climbing wall and mini-fridge. Adjacent, a bedroom with a queen bed and bunk beds provides access to the back patio boasting a hot tub, firepit, and covered seating area. All this is nestled within the renowned Martis Camp community, hailed by Forbes as "Possibly the best four-season community in the U.S.," making it a truly exceptional place to call home.

Listed by Jeffrey Hull — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20261187
Price/Sq Ft $1,745

Property History

Jun 17, 2026
Listed for sale
$6,495,000
Property Overview
Beds 4
Baths 3.5
Sq. Ft. 3,721
Lot Size 1.82 acres
Stories 2
Year Built 2012
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106-050-005
Parking
Parking Features Two
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Hot Tub
Lot Features Downslope,Gentle
View Filtered,Wooded,Mountain
Construction Framed,Masonry
Roof Metal,Shake/Shingle
Utilities & Systems
Heating Natural Gas
Financial
HOA Fee $2,000
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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 — 10936 Olana Drive, Truckee

Est. Annual Revenue
$221,598
Avg Nightly Rate
$1894
Projected Occupancy
32.0%
Cap Rate
1.4%
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% ($1,299,000)
Home price
$6,495,000
Loan details
30-yr fixed, 6.5%
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Murat Gocmen
Murat Gocmen
Managing Broker
CA DRE# 02235314 NV B.1003327.LLC

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