$1,349,000 Active
251 Winding Creek Road
Olympic Valley, CA 94146
✓ STR Allowed — Permit Required
Placer County STR permit required. County-wide cap of 3,900 permits — new permits available until cap is reached.
4 Beds
·
2.0 Baths
·
1,586 Sq Ft
Virtual Tour

About This Property

Tucked among towering pines along the tranquil creek, this thoughtfully designed mountain retreat seamlessly blends architecture with its natural surroundings. Designed by renowned architect Henrik Bull and built in 1959, the home embraces the landscape with an exposed granite boulder, warm wood finishes, and distinctive nautical details, including repurposed boat door handles and anchor door knocker. The residence is centered around an inviting great room where a wood-burning fireplace, dining area, and galley kitchen create a welcoming space for gathering after a day of skiing or mountain adventures. The four-bedroom, two-bathroom floor plan features two Jack-and-Jill bathrooms, thoughtfully connecting the bedrooms on either side of the home. A striking concrete entry wall, an exposed interior boulder, and the seamless connection between indoors and outdoors reflect Bull's signature approach to designing homes that feel rooted in the landscape. Towering trees create a remarkable sense of seclusion while naturally shading the home during the summer months. Clerestory windows along the front of the home preserve privacy while filling the interior with soft natural light, while expansive rear windows and sliding glass doors open to the spacious deck and peaceful creekside setting. Step out to the expansive back deck to enjoy the serene backyard, where the gentle sounds of the creek and a canopy of trees create an idyllic mountain retreat. Whether relaxing at home or taking advantage of nearby Palisades Tahoe's world-class skiing and year-round recreation, this property offers a rare combination of architectural significance, privacy, and an exceptional location. A Legacy: Henrik Bull is recognized as one of the most influential architects in San Francisco Bay Area and Lake Tahoe, known for designing homes that blend seamlessly with their mountain surroundings through the use of natural materials, clean lines, and thoughtful integration with the landscape. Prior to the 1960 Winter Olympics, Bull designed the iconic Klaussen Cabin on Lanny Lane in Olympic Valley, celebrated for its distinctive handkerchief-style rooflines. In the late 1960s, he designed the award-winning Tahoe Tavern Condominiums near Tahoe City, the first luxury condominium development in the Lake Tahoe Basin, earning a California Governor's Award for Design. Throughout his career, Bull explored a variety of architectural styles, eventually embracing flat-roofed mountain architecture, as seen at 251 Winding Creek.

Listed by William Dietz — Tahoe Luxury Properties

Listing Details

Status Active
MLS # 20261614
Days on Market 1
Price/Sq Ft $851

Property History

Aug 02, 2026
Listed for sale
$1,349,000
Property Overview
Beds 4
Baths 2.0
Sq. Ft. 1,586
Lot Size 0.35 acres
Year Built 1959
Property Type Single Family Residence
Style Old Tahoe
Subdivision Olympic Valley
County Placer
STR Jurisdiction Placer County
APN 096264002
Parking
Parking Features None, Parking Pad
Exterior & Lot
View Water
Construction Frame
Roof Composition
Foundation None
Utilities & Systems
Heating Propane
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

STR Investment Summary — 251 Winding Creek Road, Olympic Valley

Est. Annual Revenue
$45,812
Avg Nightly Rate
$256
Projected Occupancy
49.0%
Cap Rate
1.4%
Structural Score: 55 / 100 (Premium) · STR Zone: Yellow

Based on comparable vacation rental performance data for Olympic Valley. Revenue projections are estimates and may vary.

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($269,800)
Home price
$1,349,000
Loan details
30-yr fixed, 6.5%
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