OLYMPIC VALLEY, Calif. – Descendants of debutante and heir to Hills Bros. Coffee Co. fortune, Phyllis Hills, are selling their stunning 84.5 acre Truckee River oasis for $5.7 million.
Nestled between towering pines and wildflower-strewn meadows alongside 485 feet of the Truckee River in Olympic Valley, the riverfront estate, nicknamed “Coffee Grounds”, boasts three structures including the 2,773-square-foot, four bedroom, two bathroom main residence, a 887-square-foot log-built guest cottage and a 674-square-foot caretaker’s cottage.
Phyllis Hills, later Phyllis Hills Meeks Jayred, was born in 1919. Her father, A.H. Hills, and uncle, Reuben, founded Hills Bros. Coffee Co. in 1878 in San Francisco. An active debutante, Jayred took on leadership roles in the Junior League, Hill Branch of Children’s Hospital, Claremont Country Club and Piedmont Garden Club.
The Olympic Valley estate became her family home where she nurtured her passion for fly fishing. Jayred passed away in 2020 and the age of 100, leaving the property to her descendants who are now asking $5.7 million.
“Comprising three separate legal parcels and three existing structures, the estate presents an unparalleled canvas for a discerning buyer: a private legacy holding, a luxury development opportunity, or a generational family compound,” says the property description. “The scale of this holding is virtually impossible to assemble in this location today — with a variety of already-approved uses in place and additional entitlement opportunities worthy of exploration.”
Features of the residence highlight “classic Tahoe craftsmanship” and include a stone chimney, wall-to-wall windows, a massive wooden deck overlooking the Truckee River, a stone patio along the river’s edge, natural spring, local Public Utility District sewer and water, all located on the forest side of Olympic Valley, offering a reprieve from the hustle and bustle of the highway.
The main house offers a large kitchen with expansive wooden countertop space, a vibrant dining room with A-frame ceilings, and a private porch connected to the primary bedroom.
“World-class skiing, fly fishing, kayaking, mountain biking, and hiking — all within minutes, on one of the most scenic stretches of private riverfront in the region,” the listing describes.
