A special offering in one of the most coveted communities on the West Coast, The Olana Reserve is a masterwork of tailored mountain luxury. Located within the gates of Martis Camp—recognized by Forbes as one of the country’s premier four-season communities—this estate channels the quiet sophistication of a private club, blending the warmth of aged materials with elevated architectural detail. Situated on 2.5 acres, the property offers incredible privacy with stunning views of Northstar and the Carson Range. Featuring 4 en suite bedrooms, two living rooms and seamless outdoor living space, the property serves as an homage to craftsmanship with rich woodwork, curated textures, and bespoke finishes. Beyond its walls, homeowners enjoy access to Martis Camp’s world-class amenities, including Tom Fazio golf, a private ski lodge at Northstar California, and a full suite of year-round lifestyle offerings. The Olana Reserve is not simply a home—it is a statement of taste, and timelessness.
Sold for $7,400,000
$7,400,000
10970 Olana Dr, Truckee, CA 96161
4beds
4,493sqft
Single Family Residence
Built in 2012
2.5 Acres Lot
$7,534,700 Zestimate®
$1,647/sqft
$7,773 Estimated rent
Home value
$7,534,700
$6.93M - $8.14M
$7,773/mo
Zestimate® history
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List your homeWhat's special
Rich woodworkBespoke finishesIncredible privacyCurated texturesSeamless outdoor living space
Zillow last checked:
Listing updated:
Listed by:
Taylor T Carlton 530-550-2000,
Tahoe Mountain Realty
Bought with:
Kim Kennedy, DRE #01747997
Martis Camp Realty, Inc.
Source: TSMLS,MLS#: 20250532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Natural Gas, Hydronic
Cooling
- Air Conditioning
Appliances
- Included: Range, Oven, Microwave, Disposal, Dishwasher, Trash Compactor, Refrigerator, Washer, Dryer
- Laundry: Laundry Room
Features
- Pantry, High Ceilings, High Speed Internet, Wine Room, Loft, Family Room, Office, 4 or More Ensuite
- Flooring: Carpet, Wood, Tile
- Has fireplace: Yes
- Fireplace features: Fireplace: Living Room, Family Room, Master Bedroom, 2 or +, Gas Fireplace, Stone
Interior area
- Total structure area: 4,493
- Total interior livable area: 4,493 sqft
Property
Parking
- Total spaces: 3
- Parking features: Three, Attached, Heated Garage, Insulated, Oversized
- Attached garage spaces: 3
Features
- Levels: Two
- Patio & porch: Deck(s): 2
- Spa features: Hot Tub
- Has view: Yes
- View description: Filtered, Trees/Woods, Mountain(s)
Lot
- Size: 2.5 Acres
- Features: Greenbelt, Landscaped
- Topography: Downslope,Gently Rolling
Details
- Parcel number: 10603000200
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Frame, Masonry, Wood Siding, Steel Siding
- Foundation: Concrete Perimeter
- Roof: Composition,Metal
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Sewer: Utility District
- Water: Utility District
- Utilities for property: Natural Gas Available
Community & HOA
Community
- Features: Gated: To Subdivision
- Security: Security System, Closed Circuit Camera(s)
- Subdivision: Martis Valley
HOA
- Has HOA: Yes
- HOA fee: $1,900 quarterly
Location
- Region: Truckee
Financial & listing details
- Price per square foot: $1,647/sqft
- Tax assessed value: $7,423,149
- Annual tax amount: $79,859
- Price range: $7.4M - $7.4M
- Date on market: 4/9/2025
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $7,400,000-5.1%$1,647/sqft |
Source:  TSMLS #20250532 Report a problem | ||
| 8/31/2025 | Pending sale | $7,795,000$1,735/sqft |
Source: TSMLS #20250532 Report a problem | ||
| 4/9/2025 | Listed for sale | $7,795,000+11.4%$1,735/sqft |
Source: TSMLS #20250532 Report a problem | ||
| 1/4/2022 | Sold | $6,995,000+81.7%$1,557/sqft |
Source: TSMLS #20220017 Report a problem | ||
| 12/31/2012 | Sold | $3,850,000$857/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $79,859 +2% | $7,423,149 +2% |
| 2024 | $78,326 +0% | $7,277,598 +2% |
| 2023 | $78,320 +57.7% | $7,134,900 +59.7% |
| 2022 | $49,665 +2.4% | $4,467,543 +2% |
| 2021 | $48,521 +0.5% | $4,379,945 +1% |
| 2020 | $48,294 | $4,335,035 +2% |
| 2019 | $48,294 +3.6% | $4,250,035 +2% |
| 2018 | $46,611 +1.6% | $4,166,702 +2% |
| 2017 | $45,880 +0.5% | $4,085,003 +2% |
| 2016 | $45,632 +2.4% | $4,004,906 +1.5% |
| 2015 | $44,553 +4.4% | $3,944,750 +2% |
| 2014 | $42,680 | $3,867,479 +0.5% |
| 2013 | -- | $3,850,000 +477.6% |
| 2012 | -- | $666,500 -5.1% |
| 2011 | -- | $701,958 +0.8% |
| 2010 | -- | $696,712 -0.2% |
| 2009 | -- | $698,368 +2% |
| 2008 | -- | $684,675 +2% |
| 2007 | -- | $671,250 |
Find assessor info on the county website
Neighborhood: 96161
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Nearby schools
GreatSchools rating
- 6/10Truckee Elementary SchoolGrades: K-5Distance: 3.2 mi
- 9/10Alder Creek Middle SchoolGrades: 6-8Distance: 3.6 mi
- 9/10Tahoe Truckee High SchoolGrades: 9-12Distance: 3 mi
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Estimated market value
$7,534,700
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Estimated market value
$7,534,700
- California
- Placer County
- Truckee
- 96161
- 10970 Olana Dr
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