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  • $4,350,000

    225 S Martin Dr, Zephyr Cove, NV 89448

    5beds
    5,773sqft
    : 
    $30,046/mo
    Get pre-qualified
    Single Family Residence
    Built in 1980
    10,454 Square Feet Lot
    $4,169,100 Zestimate®
    $754/sqft
    $-- HOA

    What's special

    Dry saunaBeautifully crafted cabinetryQuartz countertopsNewly installed paversCentral air conditioningForced-air heatingPrivate office
    Experience the grandeur of this extraordinary Tudor-style Tahoe estate, where Old World character meets modern luxury against one of Lake Tahoe's most spectacular backdrops. Perched on a premier cul-de-sac in desirable Zephyr Heights, the residence commands sweeping, unobstructed southwest-facing views stretching from the slopes of Heavenly to the distant North Shore. Recently revitalized with extensive improvements, including a new roof, this distinctive residence encompasses nearly 5,800 square feet of refined mountain living. A dramatic castle-inspired entry introduces an interior rich in character, with custom stonework, exposed-beam ceilings, warm wood finishes, and expansive walls of glass framing Lake Tahoe like a living work of art. The upper-level primary suite is a private sanctuary unto itself, featuring two fireplaces, central air conditioning, a private office, oversized walk-in closet, and an impressive spa-inspired bath. A soaking tub occupies a turreted alcove overlooking the lake, complemented by a glass-enclosed shower with panoramic views. Step onto the private deck for a front-row seat to Tahoe's legendary sunsets. An adjacent loft-style sixth suite with its own bath provides additional flexibility for guests, an office, or private retreat. At the heart of the home, the updated chef's kitchen features quartz countertops, dual center islands, stainless steel appliances, and beautifully crafted cabinetry. An octagonal formal dining room creates a memorable setting for entertaining, while the lakeview living room is anchored by a dramatic stone fireplace and complemented by a built-in wet bar and distinctive sunken conversation area. Expansive glass doors extend the living space onto a generous lakeview deck. The lower level is designed for recreation and extended stays, offering a second full kitchen, spacious family and game areas, art studio, dry sauna, 300-bottle wine cellar, and direct access to the spa patio. Multiple additional bedroom suites create exceptional flexibility for family, guests, or multigenerational living. Outside, newly installed pavers, tiered stone patios, and professional landscaping complement the home's storybook architecture. Relax in the hot tub while taking in a remarkable panorama of Lake Tahoe and the surrounding Sierra. Additional features include forced-air heating, multiple split-system air-conditioning zones, a two-car garage with additional driveway parking, a private stone stairway providing access to the lower level, and a separate off-street parking area accommodating two additional vehicles—a particularly valuable amenity in Tahoe's hillside communities. Despite its private setting, the property is just minutes from Stateline, Heavenly, Edgewood Tahoe, and the renowned beaches and recreation of Lake Tahoe's Nevada East Shore. Whether envisioned as a full-time residence, an exceptional Tahoe retreat, or a legacy estate for generations to come, this is a rare opportunity to own a truly distinctive home with an unforgettable view. Owner financing may be available to qualified buyers. The seller also owns the adjacent buildable lot, which is currently offered separately—presenting a unique opportunity for additional privacy, expansion, or a complementary future residence. Property photographs may include digital enhancements and/or virtual staging. Actual property condition may vary.
    21 days
    1,382
    122

    Zillow last checked:

    Listing updated:

    Listed by:

    Craig Zager S.23628 775-901-4663,

    Coldwell Banker Select ZC

    Source: NNRMLS,MLS#: 260012674MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Heating
      • Electric, Forced Air, Natural Gas
      Cooling
      • Electric, Wall/Window Unit(s)
      Appliances
      • Included: Additional Refrigerator(s), Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Gas Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
      • Laundry: Cabinets, In Kitchen, Laundry Room, Shelves, Sink
      Features
      • Breakfast Bar, High Ceilings, Kitchen Island, Pantry, Sauna, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet, Ceramic Tile, Luxury Vinyl, Wood
      • Windows: Double Pane Windows, Metal Frames, Storm Window(s), Wood Frames
      • Number of fireplaces: 3
      • Fireplace features: Gas
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 5,773
      • Total interior livable area: 5,773 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached, Garage, Garage Door Opener, Under Building
      • Attached garage spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Uncovered, Covered, Patio, Deck
      • Exterior features: Dog Run, None
      • Has spa: Yes
      • Spa features: Above Ground
      • Fencing: Back Yard,None
      • Has view: Yes
      • View description: City, Mountain(s), Ski Resort, Trees/Woods
      Lot
      • Size: 10,454 Square Feet
      • Features: Artificial Turf, Cul-De-Sac, Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
      Details
      • Additional structures: None
      • Parcel number: 131810417055
      • Zoning: Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stone Veneer, Stucco, Other
      • Foundation: Crawl Space, Full Perimeter, Pillar/Post/Pier, Slab, Stone
      • Roof: Composition,Pitched,Shingle
      Condition
      • New construction: No
      • Year built: 1980

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Cellular Coverage

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Security System Owned, Smoke Detector(s)
      • Subdivision: Zephyr Heights
      HOA
      • Has HOA: No
      Location
      • Region: Zephyr Cove

      Financial & listing details

      • Price per square foot: $754/sqft
      • Tax assessed value: $471,904
      • Annual tax amount: $14,768
      • Date on market: 10/2/2026
      • Listing terms: 1031 Exchange,Cash,Conventional,Owner May Carry

        Estimated market value

        $4,169,100

        $3.96M - $4.38M

        Not available

        Price history

        DateEventPrice
        10/2/2026Listed for sale$4,350,000-5.2%$754/sqft
        Source: NNRMLS #260012674 Report a problem
        1/5/2026Listing removed$4,588,000$795/sqft
        Source: NNRMLS #250006570 Report a problem
        5/16/2025Listed for sale$4,588,000+7.2%$795/sqft
        Source: NNRMLS #250006570 Report a problem
        10/29/2024Listing removed$4,280,000$741/sqft
        Source: NNRMLS #240010803 Report a problem
        10/13/2024Pending sale$4,280,000$741/sqft
        Source: NNRMLS #240010803 Report a problem
        8/22/2024Listed for sale$4,280,000+4.4%$741/sqft
        Source: NNRMLS #240010803 Report a problem
        1/29/2024Listing removed--
        Source: NNRMLS #220004631 Report a problem
        11/30/2023Listed for sale$4,100,000-8.8%$710/sqft
        Source: NNRMLS #220004631 Report a problem
        5/30/2023Listed for sale$4,498,000-10%$779/sqft
        Source: NNRMLS #220004631 Report a problem
        4/12/2022Listed for sale$4,998,000+1%$866/sqft
        Source: NNRMLS #220004631 Report a problem
        3/28/2022Listing removed--
        Source: NNRMLS #210014575 Report a problem
        11/9/2021Price change$4,950,000-9.9%$857/sqft
        Source: NNRMLS #210014575 Report a problem
        9/27/2021Listed for sale$5,495,000+103.5%$952/sqft
        Source: NNRMLS #210014575 Report a problem
        11/1/2019Sold$2,700,000-8.5%$468/sqft
        Source: NNRMLS #170012332 Report a problem
        6/15/2019Pending sale$2,950,000$511/sqft
        Source: Coldwell Banker Select Real Estate #170012332 Report a problem
        2/17/2019Listed for sale$2,950,000-7.8%$511/sqft
        Source: Coldwell Banker Select Real Estate #170012332 Report a problem
        9/1/2017Price change$3,200,000-8.6%$554/sqft
        Source: Coldwell Banker Select Real Estate #170012332 Report a problem
        8/20/2017Listed for sale$3,500,000$606/sqft
        Source: Coldwell Banker Select Real Estate #170012332 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,415 $471,904 -1.4%
        2024-- $478,567 +2.2%
        2023$13,567 +3.1%$468,184 +11.8%
        2022$13,159 +0.1%$418,902 +0.1%
        2021$13,140 $418,349 +0.3%
        2020-- $417,222
        2019$13,105 $417,222 +3%
        2018$13,105 +5.6%$405,143 -0.8%
        2017$12,411 $408,541 -1.7%
        2016$12,411 +2.5%$415,432
        2015$12,103 +3.4%$415,432 +2.8%
        2014$11,706 $404,084 +2.9%
        2013-- $392,533 -0.7%
        2012-- $395,493 -5.5%
        2011-- $418,618 -10%
        2010-- $465,187 -0.9%
        2009-- $469,358 +0.2%
        2008-- $468,310 +1.5%
        2007-- $461,494 +0.6%
        2006-- $458,640 +59.4%
        2005$6,517 +7.3%$287,673 +16%
        2004$6,073 $247,962 -1.1%
        2003-- $250,839
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 89448

        Getting around

        10 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Zephyr Cove
        • Middle: Whittell High School - Grades 7 + 8
        • High: Whittell - Grades 9-12

        Source: NNRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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