PLACERVILLE, CALIFORNIA

Real Estate

Multi-million dollar home sale breaks Olympic Valley record

By From page HS15 | September 13, 2013

OLYMPIC VALLEY — The Olympic Valley residence at 254 Granite Chief Road recently sold for $8.5 million, making it the highest priced home sale in Olympic Valley to date.

The sale price of 254 Granite Chief is nearly $3 million higher than the previous record home sale price for Olympic Valley, also known as Squaw Valley.

Chicago architectural firm Strawn.Sierralta designed the modern 5,450 square foot home, which boasts reclaimed redwood from the Reno flume, fully retractable floor to ceiling window walls, and a soaring living space surrounded by the world class Squaw Valley ski area.

“Sierra Sotheby’s International Realty and Squaw Valley both enjoy an international presence in the truest sense. We were able to instantly present this incredible home to the entire world through our network of offices and agents,” Jeff Hamilton, co-listing agent and managing broker for SSIR said.

“We had the advantage working for our sellers on this one, and it hit the mark spot on. No other firm can match the marketing of fine homes, especially on the international stage,” co-listing agent Bill Murphy said.

Sierra Sotheby’s second quarter micro market report data indicates a 55.94 percent increase in the average sale price of Olympic Valley single family homes from 2012 to 2013. For more Lake Tahoe micro market report data, or for more information about SSIR, visit www.sierrasothebysrealty.com.

Sierra Sotheby’s International Realty has office locations in the Lake Tahoe area including Squaw Valley, Incline Village, and Zephyr Cove.

Since the founding of the Sotheby’s auction house in 1744, the Sotheby’s name has earned renowned recognition as a marketer for many of the world’s most valuable and prestigious possessions. The Sotheby’s International Realty organization began in 1976 to provide clients estate disposition services and representation of extraordinary luxury real estate throughout the world. Sierra Sotheby’s International Realty local brokerage offices enable sellers and buyers to find representatives experienced in offering exceptional homes in Lake Tahoe.

For more information visit sierrasothebysrealty.com, or call one of our offices: (Squaw Valley) 530-581-1800; (Incline Village) 775-832-4900; (Zephyr Cove); 775-588-7710.

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