About This Property
Welcome to this ultimate 1975 Tahoe classic in Zephyr Heights, offering an impressive 5,500 square feet of potential designed for grand-scale entertaining, extended families, or a high-yield vacation rental. Positioned on a spacious lot with filtered lake views and a large fully fenced yard, this residence features a unique, custom floor plan with endless possibilities, awaiting your personal touch and updates. The sprawling home offers six oversized bedrooms, eight full bathrooms, and two half bathrooms, ensuring complete privacy and ultimate flexibility. The upper main level showcases a grand open great room with a cozy wood-burning fireplace, an expansive adjacent balcony, a kitchen designed for effortless hosting, and direct access to the attached oversized four-car garage with extra outdoor parking and abundant storage throughout. On the middle floor, you will find the generous primary suite complete with walk-in closets, a dedicated sitting area, a large soaking tub, and a private balcony to enjoy the mountain air, alongside four guest bedrooms and a private indoor wellness space complete with a large jacuzzi and custom steam room. Each guest bedroom includes its own private attached full bathroom, making them perfectly suited for a home office, gym, or customized retreat. Downstairs, the lower level features a massive game room with an enclosed laundry area and two additional suites. Offering tons of space, a prime location close to all Lake Tahoe attractions, and a price reflecting its upside potential, this property is ready for its next chapter and custom transformation.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Jun 2021 · county record | $1,925,000 | Deed record — brokerage sides not reported | |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 283 S Martin Drive, Zephyr Cove
Based on comparable vacation rental performance data for Zephyr Cove. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Revenue projections are estimates and may vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
