10981 Olana DriveTruckee, CA 96161

Single Family · 7 Beds · 8 Full Baths · 2 Half Baths · 10,000 Sq. ft. | 5.10 Acres
$21,950,000 ACTIVE

10981 Olana Drive Overview

Time on Site:
7 days
Visits:
0

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.”

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10981 Olana Drive Facts & Features

  • Type Single Family
  • Sq. ft. 10,000
  • Price/Sq.ft. $2,195
  • Lot 5.10 Acres

Details

General

Association/HOA

  • Association Fee: $2,000.00
  • Association Fee Frequency: Quarterly
  • Association: Yes

Building Information

  • New Construction: No
  • Year Built: 2017

Location/Region

  • Country: US
  • County Or Parish: Placer
  • MLS Area Major: MARTIS CAMP-7SO
  • MLS Area Minor: 7SO
  • Subdivision Name: Martis Valley

Community/Development

  • Community Features: Gated: To Subdivision

General Information

  • Parcel Number: 106030001
  • Property Condition: Like New
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Half: 2
  • Bathrooms Total: 10
  • Bedrooms Total: 7

Building Interior

  • Building Area Total: 10000

General Information

  • Appliances: Range,Oven,Microwave,Disposal,Dishwasher,Refrigerator,Washer,Dryer,Other
  • Fireplace Features: Fireplace: Living Room,Master Bedroom,2 or +,Gas Fireplace
  • Fireplace: Yes
  • Flooring: Carpet,Stone,Wood
  • Interior Features: Pantry,High Ceilings,Wine Room,Great Room,Office,Mud Room,Workshop,3 Ensuite
  • Laundry Features: Other,Laundry Room
  • Levels: Two
  • Living Area: 10000
  • Security Features: Security System,Closed Circuit Camera(s)

Exterior

Parking Information

  • Parking Features: Attached,Heated Garage,Garage Door Opener

Lot Information

  • Lot Features: Greenbelt
  • Lot Size Acres: 5.1
  • Lot Size Area: 5.1
  • Lot Size Square Feet: 222156
  • Lot Size Units: Acres
  • Topography: Upslope,Steep
  • Water Source: Utility District,Water Company

Waterfront/View

  • View: Peek,Panoramic,Trees/Woods,Mountain(s),Ski Resort

Building Exterior/Construction

  • Architectural Style: Mountain
  • Attached Garage: Yes
  • Construction Materials: Masonry
  • Patio And Porch Features: Deck(s): 2

General Information

  • Sewer: Utility District
  • Utilities: Natural Gas Available

10981 Olana Drive Neighborhood

Community

96161 (Truckee) Demographics

42
Median Age
102
Population Density (per sq. mile)
65%
College Educated
$100,205
Estimated Median Income
5,567
Estimated Total Home Owners
1,408
Estimated Total Renters
80% / 20%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10981 Olana Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10981 Olana Drive Market Data

Based on the last 30 days in this zip code

$2,088,401
Average List Price
$796
Average Price per Square Foot
56
Properties Sold
103
Average Days on Market
377
Properties for Sale
Calculations provided by Reliance Network

10981 Olana Drive History

Date Event Value Agent
6/22/2026Source: Tahoe Sierra MLS Added to Database
June 22, 2026
Listing provided courtesy of Martis Camp Realty, Inc.- MLS# 20261241MLS Provider