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For sale
  • $21,950,000

    10981 Olana Dr, Truckee, CA 96161

    7beds
    10,000sqft
    : 
    $146,956/mo
    Get pre-qualified
    Single Family Residence
    Built in 2017
    5.1 Acres Lot
    $19,686,800 Zestimate®
    $2,195/sqft
    $667/mo HOA

    What's special

    Deep bathBreathtaking tuscan-like entertainment verandaWorld-class wine vaultGlass-encased dining room
    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 cellar 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 pizza 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.”
    48 days
    |
    1,991
    |
    82
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Kennedy 530-414-1356,

    Martis Camp Realty, Inc.

    Source: TSMLS,MLS#: 20261241MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 10
      • Full bathrooms: 8
      • 1/2 bathrooms: 2
      Heating
      • Radiant
      Cooling
      • Air Conditioning
      Appliances
      • Included: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer, Other
      • Laundry: Other, Laundry Room
      Features
      • Pantry, High Ceilings, Wine Room, Great Room, Office, Mud Room, Workshop, 3 Ensuite
      • Flooring: Carpet, Stone, Wood
      • Has fireplace: Yes
      • Fireplace features: Fireplace: Living Room, Master Bedroom, 2 or +, Gas Fireplace
      Interior area
      • Total structure area: 10,000
      • Total interior livable area: 10,000 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Attached, Heated Garage, Garage Door Opener
      • Has attached garage: Yes
      Features
      • Levels: Two
      • Patio & porch: Deck(s): 2
      • Has view: Yes
      • View description: Peek, Panoramic, Trees/Woods, Mountain(s), Ski Resort
      Lot
      • Size: 5.1 Acres
      • Features: Greenbelt
      • Topography: Upslope,Steep
      Details
      • Parcel number: 106030001
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Mountain
      • Property subtype: Single Family Residence
      Materials
      • Masonry
      Condition
      • Like New
      • New construction: No
      • Year built: 2017

      Utilities & green energy

      • Sewer: Utility District
      • Water: Utility District, Water Company
      • 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: $2,000 quarterly
      Location
      • Region: Truckee

      Financial & listing details

      • Price per square foot: $2,195/sqft
      • Tax assessed value: $7,749,086
      • Annual tax amount: $84,167
      • Price range: $22M - $22M
      • Date on market: 6/22/2026

        Estimated market value

        $19,686,800

        $18.70M - $20.67M

        $4,570/mo

        Price history

        DateEventPrice
        6/22/2026Listed for sale$21,950,000-12.2%$2,195/sqft
        Source: TSMLS #20261241 Report a problem
        9/5/2025Listing removed$25,000,000$2,500/sqft
        Source: TSMLS #20242466 Report a problem
        12/19/2024Listed for sale$25,000,000$2,500/sqft
        Source: TSMLS #20242466 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$84,167 +2%$7,749,086 +2%
        2024$82,506 +0.1%$7,597,144 +2%
        2023$82,430 +1.8%$7,448,181 +2%
        2022$80,976 +2.5%$7,302,139 +2%
        2021$79,019 +0.5%$7,158,961 +1%
        2020$78,647 $7,085,556 +2%
        2019$78,647 +3.7%$6,946,625 +2%
        2018$75,805 +131.3%$6,810,417 +135.4%
        2017$32,779 +49.2%$2,892,978 +53.5%
        2016$21,971 +2.4%$1,884,293 +1.5%
        2015$21,453 +4.3%$1,855,990 +2%
        2014$20,566 $1,819,634 +0.5%
        2013-- $1,811,411 +2%
        2012-- $1,775,895 +2%
        2011-- $1,741,075 +0.8%
        2010-- $1,727,598 +47.5%
        2009-- $1,171,375 +22.5%
        2008-- $956,250 +2%
        2007-- $937,500
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 96161

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