About This Home

This 7-bedroom, 9-bathroom single family at 10981 Olana Drive in Truckee, CA is listed for $21,950,000 ($2,195 per sqft). Built in 2017, the home offers 10,000 sqft of living space on a 5.10 acres lot.

Key Features

  • Built in 2017
  • 5.10 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
8 full, 2 half
2017

Amenities

FireplaceA/C
Listing Description

In a community of award-winning homes, possibly no home leaves you more speechless than this 10,000+ square foot Martis Camp estate. A captivating sense of awe consumes you the moment you set foot on this three-structure estate. Upon entering the main house, you encounter bold beams above the great room and a glass-encased dining room that seems to

levitate above a world-class wine vault - just two of many features that define a mountain modern home that never ceases to impress, wowing even those who wake up to this scene every day. Such is the power of a place that is rare and refined, even within the realm of Tahoe's most impressive homes.

This estate covers more than five acres on an east facing ridge with a main house and guest house at opposite ends of the property and a breathtaking Tuscan-like entertainment veranda between them. The 180o views from the main home include southeast vistas just beyond the great room, pub, breakfast nook and kitchen.

The left wing holds a corner bedroom with elevated views and intimate fireplace. Right of the entry leads to the primary suite with copper fireplace, access to the deck, a deep bath, and a spacious oval office with marble floor adjacent to the suite. The downstairs portion of this 7 bedroom, 8 full and 2 half bathroom estate is that stunning wine c

ellar and Napa Valley style tasting room, and a media room with fireplace, big screen tv, and a covered patio with firepit, tv and full-frontal views of Lookout Mountain and the Carson Range. There are two bedrooms downstairs as well, one with a private patio.

The two-bedroom guest house, the first building on your right as you ascend the long and gentle driveway, has a two-car garage, and a great room with fireplace and mountain views. There's a kitchen, dining room and primary suite on this floor and a separate bedroom downstairs.

Perhaps this estate's most popular gathering point is its entertainment pavilion a short walk from both the main home and guest house. Here you'll find a great room with mini kitchen, big screen tv, tables and seating, and a murphy bed. The pavilion beyond features a wrap-around deck, firepit, barbecue bay, large tv, and lively dining area with piz

za oven, outdoor lights, and views that hold skies of stars, sun, and the distinct profile of Lookout Mountain and the Carson Range. The combination of elements both man made and courtesy of Mother Nature enhance this estate and give it a rare and prestigious standing in Martis Camp, that community Forbes calls, "Possibly the best four-season private community in the U.S."

Monthly Cost Estimate

$119,393/mo

20% down · 6.5% · 30 years

Principal$15,874
Interest$95,117
Insurance$6,402
HOA$2,000

Estimates only. Actual payments may vary.

Location

10981 Olana Drive

Truckee, CA 96161

Martis Valley

Features & Amenities

Interior Features

PantryHigh CeilingsWine RoomGreat RoomOfficeMud RoomWorkshop3 Ensuite

Property Details

Flooring

StoneCarpetWood

Construction

Masonry

Outdoor Features

Deck

Parking

GarageOpen

Heating

Radiant

Appliances

RangeOvenMicrowaveDisposalDishwasherRefrigeratorWasherDryer

Questions & Answers

This 7-bedroom, 9-bathroom single family at 10981 Olana Drive is listed at $21,950,000 ($2,195/sqft). The estimated monthly payment is $119,393 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $2000/month.

Key features include: Built in 2017, 5.10 acre lot, 2 stories, Fireplace. Interior Features: Pantry, High Ceilings, Wine Room.

This property is listed by Kim Kennedy.

KK

Kim Kennedy

Agent at Martis Camp Realty

Listed by Martis Camp Realty · Broker phone: (530) 550-3200 · View on Broker Site · Broker website

MLS# 20261241· Source: Tahoe Sierra Board of Realtors®· 131 days on PropertySimple

Copyright © 2026 Tahoe Sierra Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

10981 Olana Drive, Truckee, CA 96161

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