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7 Beds
10 Baths
10,000 sqft

$21,950,000

10981 Olana Drive, Truckee CA, 96161

Price per sqft$2,195.00
Built in2017
Property size10,000 sqft
Property typeResidential

Overview

Active

Listed Jun 22, 2026

Updated 7 days ago

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.”

$146,034/mo

Est. mortgage payment based on a $21,950,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261241

Interior Features

Bedrooms
7
Bathrooms
10
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
5.1 Acres

Other Property Details

Association Fee Frequency
Quarterly
Garage
Yes
View
Yes

Listed by Martis Camp Realty, Inc., Kim Kennedy,
Listing Contact: 530-414-1356 

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Data last updated 5:41 AM UTC, 9/10/2026

 

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