$7,700,000 Active
10632 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
·
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 276
Price/Sq Ft $1,687

Property History

Oct 02, 2025
Listed for sale
$7,700,000
Property Overview
Beds 5
Baths 4.5
Sq. Ft. 4,565
Lot Size 1.40 acres
Year Built 2016
Property Type Single Family Residence
Style Modern
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106070004000
Parking
Garage Spaces 2
Parking Features Two
Attached Garage Yes
Exterior & Lot
Lot Features On Golf Course
View Golf Course
Roof Flat
Financial
HOA Fee $667 / Monthly
📊

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: 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% ($1,540,000)
Home price
$7,700,000
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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