Squaw Valley, Calif.
Located in the Sierra Nevada Mountains near Lake Tahoe some 200 miles northeast of San Francisco, Squaw Valley was developed in the 1950s specifically with an eye toward capture the 1960 Winter Games.
"There's no question that the Olympics put Squaw Valley on the map," says local broker Bill Deitz of Tahoe Luxury Properties. "We're a very different community because of the Games."
Now a vacation destination for winter-sports enthusiasts, Squaw Valley maintains its 1960 slalom and giant slalom courses "so you can pretend that you're an Olympic skier," Deitz says.The town also attracts summer-sports lovers with mountain camping and hiking, as well as water sports on Lake Tahoe some two miles away. "Squaw Valley has done a good job of parlaying the energy behind the Olympics and carrying it forward into the future," Deitz says. Median list prices for the community (which is officially known as Olympic Valley, Calif.), rose 10.7% over the past year to hit $602,500, according to Realtor.com.