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Land with Home for Sale in Truckee, California

10981 Olana Dr, Truckee, CA 96161

$21,950,000
5.1 acres
Active sale
ago
Est $125,491/mo

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."

10,000
Sq feet
7
Beds
8
Full baths
2
1/2 baths
2017
Built

Location

Street address
10981 Olana Dr
Zip code
96161
Community
Martis Valley
Elevation
6,429 feet
Coordinates
39.2958, -120.1772

Directions

Schaffer Mill Rd., Right on Valhalla Dr., Right on Cairncroft Ln., Left on Olana Dr. Home on Right.

Property details

Acreage
5.1 acres
MLS #
TSBOR 20261241
Posted

Expenses

Homeowner Association Fee
$2,000 quarterly

Parcels

  • 106030001

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Independent

Lot

Features
Greenbelt

Exterior

Parking
Garage, Open
Pool
Deck
Structures
Workshop

Structure

Style
Mountain
Stories
2
Heating
Radiant
Cooling
Yes
Materials
Masonry

Interior

Rooms
Bathroom x 10, Bedroom x 7, Laundry Room
Flooring
Carpet, Stone, Wood
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Security
Security System
Features
3 Ensuite, Great Room, High Ceilings, Mud Room, Office, Pantry, Wine Room

Property utilities

CategoryTypeStatus
GasNatural GasAvailable

Listing history

DateEventPriceChangeSource
June 23, 2026New listing$21,950,000TSBOR
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This 5.1-acre property is located at 10981 Olana Dr in Truckee, CA 96161. The property is available for sale, priced at $21,950,000. It has a 10,000 square foot 7-bedroom, 9-bath house built in 2017.

Listed by Martis Camp Realty, (530) 550-3200

Checked 1 hour agoUpdated Source

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