$22,000,000 Active
9519 Wawona Court
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
·
7.5 Baths
·
9,000 Sq Ft
Virtual Tour

About This Property

It’s one thing that The New York Times has something to say about this home, a sentiment shared in an article that praises it as a Tahoe estate unlike any other. But when similar publications share that same conclusion about Martis Camp’s Lookout House, there’s obviously more than a grain of truth to the story. Far more. In time, the likes of Architectural Digest Italy, , Elle Décor Spain, Luxe, Deezen, Architizer and Design Milk, and many more, have each commended this home as nothing short of a masterpiece. Closer to home, Tahoe Quarterly named it “Home of The Year.” One encounter with this 9,000 square-foot masterpiece and you’ll immediately understand why it ranks as Martis Camp’s most publicized home. The reveal that unfolds here leaves one awestruck and speechless. One step into the living space and you find yourself torn between two temptations: to the right, floor-to-ceiling windows that slide open to a patio amphitheater of waterfalls, firepits, and a towering view of ski slopes just moments away; and left, beyond the kitchen and another glass wall, a covered-heated dining gallery with expansive views of Martis Valley and the Carson Range. Centerpiece of this setting is a far-reaching dining table with a firepit running the entirety of its length. It’s an entertainer’s dream home, whether the party’s one hundred strong or or an intimate evening with family and close friends. The tone has been set; there’s no end to the wonders within this 5 bedroom, 7.5 bathroom home. The estate (dubbed Lookout House for its commanding vistas) was designed by renowned architect Greg Faulkner, principal of Faulkner Architects, who has garnered acclaim for building homes that are both visually stunning and thoughtfully integrated with the natural environment. In this case, he’s created an estate that’s become a part of the landscape, part of the culture, and part of the conversation of what is possible. An elevator scurries up all three floors, starting at a first level that holds a 1,000-bottle wine cellar, golf simulator, surround sound theater with 150” screen, shower, a handsome custom made marble bar from Davani, and a Golfzon putting floor that can be adjusted to simulate uphill, downhill, and off-camber putts. Next stop is the main level where the elevator conveniently arrives near the pantry of that kitchen nicely bookended by a pair of amazing views. On this level is a dining room and breakfast nook, acoustically astounding music listening room with 75” tv, 2000-bottle wine cellar, and card room near the amphitheater. Just down the hall is a bedroom with a fireplace and access to another bedroom, as well as a bunk room with game room, climbing wall, and children’s theater. Further down the hall is a guest suite with a private deck. Yet another element of surprise surfaces on this floor as you enter a wellness retreat, the likes of which any Four Seasons hotel would proudly claim. First encounter in this refuge is a custom spa with both cold and hot pools inspired by Peter Zumthor and the minimalism of the famous Therme Vals spa. At the far end of these waters is a fireplace and the remainder of the room is accented by angles in the concrete that make artwork of the sun’s rays. Nearby is a cedar wood Finnish sauna, steam room, and gym with murphy bed and bathroom. Upstairs is the primary suite with a cowhide pivot wall that swings open to reveal – on one side – an office, private workout space, and deck while the other direction leads to a bedroom with fireplace, large deck, and impressive bath and wardrobe and a bright room that serves nicely as a storage space or as an artist’s studio or yoga retreat. Located on a quiet cul-de-sac and only a short drive is Martis Camp’s private Lookout Ski Lodge with direct, high-speed chairlift access to Northstar California. For those seeking even greater scale and expansion, the adjacent homesite is also available for purchase.

Listed by Jeffrey Hull — Martis Camp Realty, Inc.

Listing Details

Status Active
MLS # 20261289
Days on Market 1
Price/Sq Ft $2,444

Property History

Jun 25, 2026
Listed for sale
$22,000,000
Property Overview
Beds 5
Baths 7.5
Sq. Ft. 9,000
Lot Size 1.42 acres
Stories 3
Year Built 2019
Property Type Single Family Residence
Style Modern
Subdivision Martis Valley
County Placer
STR Jurisdiction Placer County
APN 106-250-001-000
Parking
Parking Features Four +
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Heated Drive,Hot Tub,Sauna,Steam Shower,Wine Room,Air Conditioning,Generator
Lot Features Upslope,Cul-de-sac
View Panoramic,Wooded,Mountain
Construction Steel,Other
Roof Other
Foundation Slab
Utilities & Systems
Heating Hydronic,Radiant
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 — 9519 Wawona Court, Truckee

Est. Annual Revenue
$517,491
Avg Nightly Rate
$4423
Projected Occupancy
32.0%
Cap Rate
0.9%
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% ($4,400,000)
Home price
$22,000,000
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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