$4,588,000

225 S Martin Dr Zephyr Cove, NV 89448

Estimated payment $25,359/month

Total Views 20,441
5 Beds
6.5 Baths
5,773 Sq Ft
$795 Price per Sq Ft

Highlights

  • Two Primary Bedrooms
  • Mountain View
  • Deck
  • Zephyr Cove Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • Wood Flooring

About This Home

Experience the grandeur of this extraordinary Tudor-style Tahoe castle, where Old World elegance meets modern luxury in a setting beyond compare. Offering sweeping, unobstructed southwest-facing lake views that stretch from the slopes of Heavenly Ski Resort to the North Shore of Lake Tahoe, this rare architectural treasure is perched on a premier cul-de-sac lot in Zephyr Heights — one of the most coveted neighborhoods on the Nevada side of the lake. Owner financing available for qualified applicants. Recently revitalized with extensive updates, including a brand-new roof, this stately residence invites you into nearly 5,800 square feet of refined mountain living, spread across multiple levels designed to inspire both grandeur and comfort. Step through the castle-style entry and be transported into a world of craftsmanship, featuring custom stonework, exposed beam ceilings, warm wood finishes, and floor-to-ceiling windows that frame the lake like a living painting. The upper-level primary suite feels like a five-star retreat, offering two cozy fireplaces, central AC, a private office, oversized walk-in closet, and a spa-style bathroom that stuns — with a soaking tub set in a turreted alcove overlooking the water and a glass-enclosed shower with panoramic views. Just outside, a private deck offers a front-row seat to Tahoe's famed sunsets. Adjacent, a loft-style sixth guest suite includes its own en-suite bath — ideal for guests, in-laws, or a home office. The heart of the home — a chef's kitchen — has been thoughtfully updated with quartz countertops, two large center islands, new stainless steel appliances, and exquisite cabinetry. The adjacent octagonal formal dining room offers a dramatic yet intimate setting for up to eight guests, while the lakeview living room features a grand rock fireplace, large screen TV, built-in wet bar with quartz counters, and a sunken conversation pit that opens to an expansive outdoor deck. Downstairs, the amenities continue: a second full kitchen, a family room with space for games or media, a dedicated art studio, dry sauna, and a 300-bottle wine cellar. A game room with pool table and direct access to the spa patio creates the perfect après-ski gathering space. Three additional bedroom suites provide ultimate flexibility for multi-generational living, vacation hosting, or luxurious guest quarters. Outside, newly installed pavers, tiered stone patios, and professional landscaping complement the home's storybook architecture. Soak in the hot tub while taking in a view that rivals any five-star resort. Additional highlights include forced air heating, split AC units for individual comfort zones, a two-car garage with additional driveway parking, a private stone stairway leading to the lowest level, and a bonus off-street parking area for two more vehicles — rare in the hills of Tahoe. Tucked just minutes from the excitement of Stateline casinos, the world-class Edgewood Golf Resort, and the iconic beaches of Lake Tahoe's East Shore, this enchanting property offers the perfect balance of peaceful seclusion and unmatched access. Whether you're seeking a luxurious full-time residence, an investment-grade vacation home, or a generational estate to pass down for years to come — this is your castle in the sky. Legal Disclaimer: Property photos may include digital enhancements and/or virtual staging. Actual property condition may differ.

Listing Agent

Craig Zager

Coldwell Banker Select ZC License #S.23628 Listed on: 05/15/2025

Coldwell Banker Select ZC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,415

Year Built

  • Built in 1980

Lot Details

  • 10,454 Sq Ft Lot
  • Landscaped
  • Lot Sloped Down
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Tuck Under Parking
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Pitched Roof
  • Shingle Roof
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 5,773 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Gas Log Fireplace
  • Double Pane Windows
  • Aluminum Window Frames
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Open Floorplan
  • Home Office
  • Game Room
  • Mountain Views
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Double Master Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Soaking Tub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Cabinets
  • Shelves in Laundry Area

Home Security

  • Security System Owned
  • Storm Windows

Outdoor Features

  • Deck

Schools

  • Zephyr Cove Elementary School
  • Whittell High School - Grades 7 + 8 Middle School
  • Whittell - Grades 9-12 High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Zephyr Cove Cdp Community
  • Zephyr Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1318-10-417-055

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,415

Year Built

Built in 1980

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1980
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Horses: No
  • Lot Features: Landscaped, Sloped Down, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Acres: 0.24
  • Road Frontage Type: Other
  • Is Senior Community?: No
  • Has View?: Yes
  • Security Features: Security System Owned
  • Has H O A?: No
  • Co List Office Mls Id: 1940-o
  • Co List Office Phone: 775-588-4531
  • Special Conditions: Standard
  • Subdivision Name: Zephyr Heights
  • Directions: Lakeview to Don to S. Martin
  • Has Cooling?: Yes
  • Has Fireplace?: Yes
  • Living Area: 5773.0
  • Is New Construction?: No
  • Property Attached Yn: No
  • Contract Rent Control Y N2: No
  • Tax Legal Elementary School: Zephyr Cove
  • Tax Legal Middle Or Junior School2: Whittell High School - Grades 7 + 8
  • Tax Legal High School: Whittell - Grades 9-12
  • Tax Legal Tax Annual Amount: 14415.0
  • Tax Legal Zoning4: single family
  • Association Community Association Y N3: No
  • Building Stories5: 3
  • Building Property Attached Y N: No
  • Lot Lot Size Acres2: 0.24
  • Lot Lot Size Square Feet2: 10454.4
  • Lot Horse Y N2: No
  • Lot View Y N2: Yes
  • Lot Features Landscaped: Yes
  • Lot Features Sloped Down: Yes
  • Cooling Electric: Yes
  • Foundation Details Crawl Space: Yes
  • Foundation Details Slab: Yes
  • Lot Features Sprinklers In Front: Yes
  • Lot Features Sprinklers In Rear: Yes
  • Sewer Public Sewer: Yes
  • Special Information Covenants Conditions Restrictions Y N: No
  • Sprinklers Front: Yes
  • Sprinklers Rear: Yes
  • Typeof Construction Site Stick- Built: Yes
  • Water Rights Water Rights Y N: No
  • Appliances Dishwasher: Yes
  • Appliances Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Washer: Yes
  • Outdoor Living Spaces Deck3: Yes
  • View Mountain(s): Yes
  • Water Heater Gas5: Yes
  • Fireplace Features Gas Log: Yes
  • Security Features Security System Owned: Yes
  • Other Rooms Office Den: Yes
  • Other Rooms Game Room3: Yes
  • Water Body View Yes2: Yes
  • Association Community Senior Community Y N3: No
  • Appliances Gas Range: Yes
  • Appliances Double Oven: Yes
  • Appliances Included As Personal Property Gas Oven2: Yes
  • Appliances Included As Personal Property Gas Cooktop2: Yes
  • Building New Construction Y N3: No
  • Tax Legal Community Name5: Zephyr Cove CDP
  • Common Walls No Common Walls: Yes
  • Miscellaneous Zoning Info Historical District Y N: No
  • Lot Water Body Access Y N3: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Gas Range, Refrigerator, Washer
  • Flooring: Carpet, Ceramic Tile, Wood
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Interior Amenities: Breakfast Bar, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s)
  • Window Features: Double Pane Windows, Metal Frames, Storm Window(s)
  • Interior Bathrooms Half: 1
  • Interior Living Area4: 5773.0
  • Interior Fireplace Y N: Yes
  • Flooring Carpet: Yes
  • Interior Features High Ceilings: Yes
  • Fireplace Features Living Room: Yes
  • Interior Features Breakfast Bar: Yes
  • Window Features Double Pane Windows: Yes
  • Kitchen Features Breakfast Bar2: Yes
  • Primary Bedroom Features Double Sinks: Yes
  • Interior Fireplaces Total2: 2.0
  • Primary Bedroom Features Shower Stall: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Wood: Yes
  • Laundry Features Cabinets2: Yes
  • Laundry Features Laundry Area: Yes
  • Living Room Features Great Room3: Yes
  • Kitchen Features Built- In Dishwasher: Yes
  • Kitchen Features Disposal2: Yes
  • Dining Room Features Kitchen Combination: Yes
  • Window Features Metal Frames: Yes
  • Laundry Features Shelves: Yes
  • Interior Features Kitchen Island: Yes
  • Interior Features Walk- In Closet(s): Yes
  • Kitchen Features Kitchen Island2: Yes
  • Primary Bedroom Features Walk- In Closet(s)2: Yes
  • Primary Bedroom Features Jetted Tub: Yes
  • Primary Bedroom Features Additional Primary Bedroom: Yes
  • Fireplace Features Primary Bedroom: Yes
  • Family Room Features Great Room5: Yes
  • Window Features Storm Window(s): Yes
  • Living Room Features Dining Room Combination: Yes
  • Kitchen Features Built- In Double Oven: Yes
  • Kitchen Features Gas Cooktop3: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Composition, Pitched, Shingle
  • Stories: 3
  • View: Mountain(s)
  • Waterfront: No
  • Common Walls: No Common Walls
  • Construction Type: Other
  • Foundation Details: Crawl Space, Slab
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof Composition: Yes
  • Roof Pitched: Yes
  • Roof Shingle: Yes
  • Lot Waterfront Y N2: No

Garage/Parking

  • Has Attached Garage?: Yes
  • Has Carport?: No
  • Garage Spaces: 2.0
  • Has Attached Garage?: Yes
  • Parking Features: Attached, Garage, Garage Door Opener, Under Building
  • Total Parking Spaces: 2.0
  • Parking Information Garage Y N: Yes
  • Parking Information Garage Spaces: 2.0
  • Parking Information Carport Y N: No
  • Parking Information Parking Total: 2.0
  • Parking Features Attached: Yes
  • Parking Features Garage Door Opener: Yes
  • Parking Features Garage: Yes
  • Parking Features Under Building: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Internet Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public
  • Laundry Features: Cabinets, Laundry Area, Shelves
  • Cooling: Electric
  • Heating: Electric, Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities Cooling Y N3: Yes
  • Utilities Heating Y N3: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities Sewer Available: Yes
  • Utilities Water Available: Yes
  • Utilities Internet Available: Yes
  • Heating Forced Air: Yes
  • Heating Natural Gas: Yes
  • Water Source Public: Yes
  • Heating Electric4: Yes

Schools

  • Middle Or Junior School: Whittell High School - Grades 7 + 8

Lot Info

  • Parcel Number: 1318-10-417-055
  • Fencing: None
  • Lot Size Sq Ft: 10454.4
  • Zoning: single family

Tax Info

  • Tax Annual Amount: 14415.0

MLS Schools

  • Elementary School: Zephyr Cove
  • HighSchool: Whittell - Grades 9-12

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,415 $471,904 $253,750 $218,154
2024 $13,567 $478,567 $253,750 $224,817
2023 $13,986 $468,185 $253,750 $214,435
2022 $13,567 $458,041 $253,750 $204,291
2021 $13,159 $418,902 $220,500 $198,402
2020 $13,140 $418,349 $220,500 $197,849
2019 $13,105 $417,222 $219,450 $197,772
2018 $12,725 $405,143 $210,000 $195,143
2017 $12,411 $408,541 $210,000 $198,541
2016 $12,103 $415,432 $210,000 $205,432
2015 $12,080 $415,432 $210,000 $205,432
2014 $11,706 $404,084 $210,000 $194,084
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/15/2025 05/15/25 For Sale $4,588,000 +69.9% $795 / Sq Ft
11/01/2019 11/01/19 Sold $2,700,000 -8.5% $450 / Sq Ft View Prior Sale
06/14/2019 06/14/19 Pending -- -- --
02/17/2019 02/17/19 Price Changed $2,950,000 -15.7% $492 / Sq Ft
08/18/2017 08/18/17 For Sale $3,500,000 -- $583 / Sq Ft
Source: Northern Nevada Regional MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed $2,700,000 Etrco
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,005,000 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Source: Northern Nevada Regional MLS

MLS Number: 250006570

Northern Nevada Regional MLS

APN: 1318-10-417-005