$14,995,000
10976 Olana Drive
Truckee, CA 96161
STR Status Unknown
6 Beds
·
7.5 Baths
·
9,352 Sq Ft
·
125452 Lot
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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 # 20251161
Days on Market 290
Price/Sq Ft $1,603

Property History

Jun 01, 2025
Listed for sale
$14,995,000
Property Overview
Beds 6
Baths 7.5
Sq. Ft. 9,352
Lot Size 2.88 acres
Stories 2
Year Built 2014
Property Type Single Family Residence
Style Mountain
Subdivision Martis Valley
APN 106-030-017
Parking
Parking Features Four +
Exterior & Lot
Exterior Features Pantry,High Ceilings,Landscaping,Cable TV,High Speed Internet,Hot Tub,Steam Shower,Wine Room,Air Conditioning,Generator
Lot Features Upslope,Downslope,Gentle
View Peek,Panoramic,Wooded,Mountain,River/Creek
Construction Framed,Masonry,Steel
Roof Metal
Foundation Slab
Utilities & Systems
Heating Radiant,In Floor
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%

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% ($2,999,000)
Home price
$14,995,000
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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