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10981 Olana Drive, 
Truckee, CA 96161

$21,950,000


7

Beds


10

Baths


10,000

Sq Ft


Single Family

Active

Listed by

Kim Kennedy

Martis Camp Realty, Inc.

Last updated:

June 24, 2026, 03:30 PM

MLS#

20261241

Source:

CA TSBOR

About This Home

10981 Olana Drive

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.”

Home Facts

Single Family

10 Baths

7 Bedrooms

Built in 2017

Price Summary

21,950,000

$2,195 per Sq. Ft.

MLS #:

20261241

Last Updated:

June 24, 2026, 03:30 PM

Added:

12 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

10

Full Bathrooms:

8

Interior

Living Area:

10,000 Sq. Ft.


Structure

Structure

Architectural Style:

Mountain

Building Area:

10,000 Sq. Ft.

Year Built:

2017


Lot

Lot Size (Sq. Ft):

222,156


Finances & Disclosures

Finances

Price:

$21,950,000

Price per Sq. Ft:

$2,195 per Sq. Ft.

Source:CA TSBOR
The information being provided by Tahoe Sierra Multiple Listing Service, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Tahoe Sierra Multiple Listing Service, Inc.. Martis Camp Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Martis Camp Realty, Inc., a broker participant of Tahoe Sierra Multiple Listing Service, Inc.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Tahoe Sierra Multiple Listing Service, Inc. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Tahoe Sierra Multiple Listing Service, Inc.. All rights reserved.

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