5048 River Rd, Olympic Valley, CA 96146
Property image
Property image
OFF MARKET

$4,543,800

Trulia Estimate
  • 5 Beds
  • 6 Baths
  • 6,500 sqft (on 1.30 acres)

5048 River Rd, Olympic Valley, CA 96146

Est. Refi. Payment $27,897/mo*
Refinance Your Home
Currently Off Market - Sold Feb 21, 2024 for $5,700,000

Home Value

Trulia Estimate
$4.54M
Since last month
Decreased$69K (-1.5%)
Since last year
Decreased$294K (-6%)
Since last sale
Decreased$1M (-19.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -6% in the last 10 years
MonthEstimated value
2026
September 2026$4.6M
August 2026$4.54M
July 2026$4.66M
June 2026$5.09M
May 2026$5.08M
April 2026$4.63M
March 2026$4.94M
February 2026$4.75M
January 2026$4.65M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.17
Single-Family Home
$2,400,000
06/15/26
4
3.5
3,698
0.29
Single-Family Home
$2,965,000
10/07/25
4
4.5
3,996
0.52
Single-Family Home
$2,650,000
10/08/25
4
3.5
3,051
0.42
Single-Family Home
$3,100,000
10/06/25
4
4.5
3,529
0.24
Single-Family Home
$2,300,000
11/26/25
4
3.5
2,567
1.04
Single-Family Home
$3,500,000
12/19/25
5
5
4,541
0.38
Single-Family Home
$1,250,000
11/20/25
4
3
2,016
1.03
Single-Family Home
$3,750,000
08/07/26
5
5.5
5,298
1.02
Single-Family Home
$3,250,000
09/08/26
4
4.5
4,195

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.17
$2,400,000
4
3.5
3,698
Recently Sold
0.22
-
-
-
-
Off Market
0.24
$2,300,000
4
3.5
2,567
Recently Sold
0.26
$3,867,700
4
4.5
4,300
Off Market
0.26
-
5
5.5
5,400
Off Market
0.29
$3,027,900
4
4.5
3,996
Off Market
0.30
$2,364,600
4
4
3,192
Off Market
0.32
$4,694,100
5
7
4,627
Off Market
0.33
$798,000
2
2
1,114
For Sale
0.36
$763,400
3
2
1,306
Off Market
0.37
$4,686,000
5
7
4,627
Off Market

Local Information

  • Map ViewExplore the area around 5048 River Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2007
1.3 acre lot
6,500 sqft
$699/sqft
Attached Garage

About this House

Set across the Truckee River in a private setting, this lodge-style home is ideal year round. In the summer, enjoy the riverfront location and the natural granite walls of Painted Rock. In the winter, this peaceful setting is minutes from world-class skiing at Palisades Tahoe. The handcrafted log timber frame highlights the attention to detail that is found throughout the home. Relax out on the stone patio and enjoy the lush landscaping as you hear the soothing flow of the river over the rocks. Inside, adjourn with your party up the spiral staircase to the recreation room and when it is time to relax, retire to one of the four ensuite bedrooms. There is no better place to enjoy the company of your friends and family.
5048 River Rd, Olympic Valley, CA 96146 is a 5 bedroom, 6 bathroom, 6,500 sqft single-family home built in 2007. It last sold for the $5,700,000 asking price on Feb 21, 2024. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $4,543,800.
Last check for updates: about 3 hours ago
Listed by William Dietz, (530) 584-3454
Tahoe Luxury Properties
Bought with: William Dietz, (530) 584-3454, Tahoe Luxury Properties
Source: TSMLS, MLS#20240201

Home Details for 5048 River Rd

Interior Features

Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 6Number of Bathrooms (full): 6
Dimensions and Layout
Living Area: 6500 Square Feet
Appliances & Utilities
Utilities: PropaneAppliances: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, DryerDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Propane,HydronicHas HeatingHeating Fuel: Propane
Fireplace & Spa
Fireplace: Fireplace: Living Room, Master BedroomHas a Fireplace
Levels, Entrance, & Accessibility
Levels: Two
View
Has a ViewView: Trees/Woods, Water

Exterior Features

Exterior Home Features
Roof: Composition
Parking & Garage
Has a GarageHas an Attached GarageParking Spaces: 4Parking: Four +,Attached,Oversized
Frontage
Waterfront: River/Creek
Surface & Elevation
Topography: Level

Property Information

Year Built
Year Built: 2007
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Mountain
Building
Not a New Construction
Property Information
Parcel Number: 096230040

Price & Status

Price
List Price: $5,700,000
Status Change & Dates
Off Market Date: Wed Jan 31 2024

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Olympic ValleyCommunity: Truckee River

Building

Building Area
Building Area: 6500 Square Feet

HOA

No HOA

Lot Information

Lot Area: 1.3 Acres

Listing Info

Special Conditions: Standard

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

Mls Number: 20240201Water View

Price and Tax history

DateEventPrice
Feb 21, 2024
Source: TSMLS #20240201
Sold
$5,700,000
Nov 3, 2014
Source: TSMLS #20141088
Sold
$4,350,000
Aug 28, 2014
Source: Agent Provided
PriceChange
$4,800,000
Price decreased by 1%
Aug 16, 2014
Source: Agent Provided
PriceChange
$4,850,000
Price decreased by 1%
Aug 8, 2014
Source: Agent Provided
PriceChange
$4,900,000
Price decreased by 1%

Market trends in Truckee

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.13M
$28.83K
MoM
Sale-to-List Price
99.4%
0.2%
MoM
Price per sq ft
$611
$3
MoM
Available listings
266
11
MoM

What Locals Say about Truckee

At least 158 Trulia users voted on each feature.
  • 91 % Say it's dog friendly

  • 89 % Say car is needed

  • 88 % Say there's wildlife

  • 77 % Say parking is easy

  • 77 % Say people would walk alone at night

  • 75 % Say there's holiday spirit

  • 74 % Say it's quiet

  • 74 % Say yards are well-kept

  • 73 % Say they plan to stay for at least 5 years

  • 67 % Say kids play outside

  • 58 % Say neighbors are friendly

  • 44 % Say there are community events

  • 38 % Say it's walkable to restaurants

  • 18 % Say there are sidewalks

  • 17 % Say it's walkable to grocery stores

  • 16 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Anne Peterson
    "Golf course, very quiet. Very central to town. "
  • Aftertheharvest
    "Halloween, 4th, Truckee Thursdays, music and more. Great family community, just really expensive but totally worth it "
  • Daniel Ricciato
    "I live about 150 miles away so my commute would be quite arduous if I lived here full time. That being said I suppose I could take a private plane and then it would be quite enjoyable."
  • Trulia User
    "The Lake and the mountains are unique and lovely. Old town has such a beautiful day time experience walking along the river."
  • Trulia User
    "Truckee Thursdays are the best very fun and full of surprises from the community and also with special small business from the area."
  • Lindsaylahonta
    "locals neighborhood. trails out backyard, and also paved path. close to middle school, rec center, and pool"
  • Jazzedallday
    "Iโ€™ve lived in this neighborhood for 11 years and it is full of friendly people, has a beautiful river and tons of wildlife and scenery. Definitely for the outdoor type. "
  • Aftertheharvest
    "25 minutes to work one way. Easy and flat. Public transportation would not be feasible from Glenshire at all. "
  • Wellsangie2003
    "Music in the park on Wednesday nights in the summer and Truckee Thursdays. Truckee Clean up day with BBQ at the park. 4th of July party. TRUCKEE Follies, "
  • Mklehrmann
    "Mountains and lakes, newer homes and well maintained. Neighborhood amenities are convenient. Easy access and many activities."
  • Minna J.
    "Lake Tahoe is so beautiful, with majestic mountains everywhere and quaint little towns with lots of good places to eat and drink."
  • Selby06
    "Too much traffic and town is too busy to truly enjoy it anymore. Ski resorts are way to crowded to ski on the weekends."
  • Katie M.
    "Easy access to open space when they can be let off leash. There are lakes and reservoirs nearby to take dogs to play fetch and swim. "
  • Paigenicole77
    "The 4th of July has a lot of fun events to attend in the area. It is so fun. You should live here. I"
  • Gdesinphillips
    "We are in wild animals territory. Itโ€™s important to the safety of our pets to never forget. We had great walks with our pup on the legacy trail along the river."
  • Mwwhite38
    "too much traffic on my hill . Snow plow makes a berm.... must stay on top of it. Keep plenty of wood. Nice in the spring and summer. I like the music in the park and at Squaw in good weather. winter utilities are high. Fuel is high . Shopping in Re.no is much better price wise. "
  • Joshua M.
    "Our three dogs love the hiking trails nearby, playing at the dog beach at Donner Lake, and the dog-friendly community!"
  • Megankeyeslux
    "Super easy 5 minutes to town an work an to all the fabulous night life and restaurants. Coffee shops In walking distance "
  • Billkea
    "my neighborhood does not have public transportation to downtown. A car is required in this neighborhood"
  • Olson
    "Easy for the most part... except in winter, you never know what youโ€™re going to get. All in all, itโ€™s worth it to live in such a magical place"
  • Jazzedallday
    "There are lots of trails for walking and bikes. Neighbors are great and considerate. People look at for each other. "
  • Michelle M.
    "Very dog friendly - all the neighborhood dogs know each other!!! And the neighbors all know whose dog belongs where and to which neighbor or visitor!"
  • Jazzedallday
    "Lived here9 years. Nice neighbors and neighborhood. Safe, clean great community. Plentiful bike and hiking trails. "
  • Nancy S.
    "Good place to live with low crime and good schools. A lot of good outdoor activities including skiing in the winter and mountain bike or pump track in the summer. "
  • HB530
    "My commute to work is 15 min. Almost no traffic, unless there is snow. And people trying to make it to the resorts to ski. "
  • Rozworrall
    "We have two 4 wheel drive vehicles, one for each of us. One can go skiing and one can go to Reno or golfing. e use public transportation if the timing is right and/or we do not need to transport, kayaks, golf clubs, ski equipment or groceries."
  • Cperettie
    "Movie night in the summer at Tahoe dinner. Summer concert series. The Beach club and activities at dinner lake. Skiing at Tahoe Donner Ski hill as well as hiking all the trails. "
  • Dalsey e.
    "Truckee is a great place to have a dog or multiple dogs. There are national parks and open spaces where dogs can run off leash safely without the danger of cars. If you donโ€™t have a tracker or if your dog doesnโ€™t return on command then you might want to think about keeping them on a leash. There is a lot of wild life to make your dog run off and get lost. "
  • Your F. W.
    "This is a dog friendly area. It is safe to walk with animals and safe to do so. Unfortunately the street can be Busy "

LGBTQ Local Legal Protections

The data relating to real estate for sale on this web site comes from the Broker Reciprocity Program of the Tahoe Sierra Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
The information being provided is for the consumers personal , non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
ยฉ Copyright 2026 Tahoe Sierra Multiple Listing Service. All rights reserved.

Frequently asked questions about 5048 River Rd

  • What is 5048 River Rd estimated to be worth?
    Trulia's estimated value for 5048 River Rd in Olympic Valley, CA is $4,543,800.
  • What is the price history for 5048 River Rd?
    5048 River Rd in Olympic Valley, CA last sold for $5,700,000 in February 2024.
  • Is Olympic Valley a buyer's or seller's market?
    Olympic Valley is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Olympic Valley?
    The median sale price in Olympic Valley is $1.13M. That is up $28.83K from the prior month.
  • Does 5048 River Rd have laundry facilities?
    Yes, 5048 River Rd in Olympic Valley, CA has in-unit laundry.
  • How big is the lot at 5048 River Rd?
    The lot at 5048 River Rd in Olympic Valley, CA is about 1.3 acres.

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