$13,995,000 Active
10976 Olana Drive
Truckee, CA 96161

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✗ STR Not Allowed
Martis Camp's HOA does not allow short-term rentals, even where the county would issue a permit.
6 Beds
·
7.5 Baths
·
9,352 Sq Ft
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Our data on this home

About This Property

This 9,352-square-foot compound, including both a main residence and a separate guest house, is a true masterpiece of design and craftsmanship, set across two expansive lots totaling 2.88 acres in Martis Camp. The two homes, offering 6 bedrooms, 6 full bathrooms, and 3 half-baths, integrate beautifully with their natural surroundings, presenting breathtaking views of towering pines, Martis Valley, Mt. Rose, and the Carson Range. On the main level, the great room, dining room, and kitchen seamlessly open to the expansive panoramic vista of the surrounding mountains, enhancing the home’s sense of space and connection to nature. The generous deck, accessed directly from the main floor, is an entertainer’s dream, featuring a firepit, barbecue bay, and an outdoor lounge and dining area—perfectly designed for relaxation while taking in the sweeping views. A striking architectural feature of the main house is the pair of glass hallways that bridge the wings, making a bold visual statement. One of these hallways provides serene views of a tranquil creek system that cascades toward the guest house below. The primary suite, located in the south wing, spans two levels, with the sleeping area perched above and a spacious lower-level ideal for an office, gym, or library. A similar dual-level layout is mirrored in the north wing, which adjoins a native forest and lush gardens, offering the perfect balance of privacy and natural beauty. The lower level of the main home is designed for both relaxation and entertainment, featuring a media room with a mini-kitchen and bar, a cozy fireplace, and a glass-walled wine closet that can house an extensive collection. Two additional bedrooms on this level offer tranquil morning views across the private acreage that defines this remarkable estate. The grounds surrounding the main house are a carefully curated outdoor oasis, with grand staircases, verandas, a stunning water feature, a skate park, trampoline, and garden paths winding down to the guest house. This separate structure is designed for both comfort and functionality, featuring a spacious bedroom, kitchen, and a great room with a fireplace—ideal for hosting friends and family or for multi-generational living. Beneath the 2,054 sq. ft. guest house lies a spectacular 1,800 sq. ft. garage space—accessible by stairs, an elevator, or even a climbing wall—featuring soaring ceilings, scissor-lift doors, and dual access points. This exceptional garage can accommodate 9+ vehicles, as well as a full array of Tahoe recreational vehicles, from boats and off-road vehicles to bikes and snowmobiles, catering to both car enthusiasts and outdoor adventurers alike. Every inch of this home has been meticulously crafted to offer a seamless blend of modern luxury, functional design, and a deep connection to the surrounding natural beauty, creating an extraordinary living experience in a community that Forbes describes as possible "Possibly the Best Four-Season Private Community in the U.S”

Listed by Dominic Cristalli — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20261135
Days on Market 139
Price/Sq Ft $1,496

Property History

Jun 11, 2026
Listed for sale
$13,995,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Oct 2021 · county record $15,000,000 Deed record — brokerage sides not reported

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; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Beds 6
Baths 7.5
Sq. Ft. 9,352
Lot Size 2.88 acres
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106030017
Parking
Parking Features Attached, Detached, Heated Garage, Insulated, Plumbing, Boat, RV Garage, RV Access/Parking, Garage Door Opener, Oversized, Other, Parking Pad
Attached Garage Yes
Exterior & Lot
Lot Features Landscaped
View Peek, Panoramic, Trees/Woods, Mountain(s), Water
Construction Frame, Masonry, Steel Siding
Roof Metal
Foundation Slab
Utilities & Systems
Heating Radiant, In Floor
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

STR analysis
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Home Insurance Estimate

California FAIR Plan fire policy + a DIC wrap policy, the usual Tahoe setup

$21,000 – $24,500/yr
about $1,896/mo
Est. Rebuild Cost (Coverage A)
$5,143,600
FAIR Plan (fire)
$17,500/yr
DIC wrap (theft, water, liability)
$3,500 – $7,000/yr

Estimate from this ZIP's California FAIR Plan rates (Plan data as of 6/30/2026, with the 29.1% increase effective 10/15/2026) on an estimated rebuild cost, plus a DIC policy at 20–40% of the FAIR premium. Not a bindable quote; a local broker quote depends on the home's age, roof, defensible space and claims history.

See it in the monthly payment Tahoe wildfire insurance costs

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

$85,458 per month
Principal & interest
$70,766/mo
Property taxes
$12,296/mo
1.0544% of the price, Truckee's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$500/mo
From MLS listing data.
Home insurance
$1,896/mo
CA FAIR Plan + DIC estimate, ~$21,000–$24,500/yr — wildfire-zone rates vary; not a bindable quote.
Down payment
20% ($2,799,000)
Home price
$13,995,000
Loan details
30-yr fixed, 6.5%
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