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For sale
  • Price cut: $270K (12/4)
    $2,980,000

    3960 Saddle Rd, South Lake Tahoe, CA 96150

    4beds
    3,822sqft
    : 
    Single Family Residence
    Built in 1980
    0.82 Acres Lot
    $2,723,900 Zestimate®
    $780/sqft
    $-- HOA

    What's special

    Shed-style rooflineFreestanding fireplaceTwo-way linear fireplaceOversized two-car garageMurphy bedDramatic sunsetsBuilt-in commercial appliances
    Situated just 1,000 feet from Heavenly's California Base Lodge and less than two miles from Ski Run Marina and the Stateline corridor, this .82-acre property blends central access with remarkable privacy and sweeping westerly views of Lake Tahoe and the surrounding peaks. The parcel rises up the hillside, backing to U.S. Forest Service land for a serene, uninterrupted setting and dramatic sunsets.- -A gated, meandering driveway leads to the upper compound with a generous parking area, oversized two-car garage with vaulted ceilings, and a full studio apartment above featuring kitchen, living and dining area, freestanding fireplace, full bath, and furnishings that include a pool table. At street level, another two-car garage supports a separate studio apartment currently tenant-occupied on a month-to-month basis. Both studio buildings have fresh exterior paint and new composite decking, with the upper studio recently updated inside as well.- -The centerpiece of the property is the fully reimagined main residence, taken to the studs and rebuilt with a shed-style roofline, new 40-year roof, in-floor hydronic heating, all new plumbing, electrical, audio wiring, hardwired ethernet, and sleek black Pella windows. The upper level showcases soaring open-beam ceilings, a two-way linear fireplace, and a completely custom kitchen with flush cabinetry, oversized island, built-in commercial appliances, and designer lighting and plumbing fixtures. A striking half bath with marble walls and vessel sink sits just off the great room, while the primary suite features a cedar accent wall, walk-in closet, and a spa-like bath with stone shower and dual vanity. Spanning the entire width of the home, a massive front deck constructed with Brazilian Ipe floating panels, takes in spectacular lake and mountain views and provides seamless outdoor living.- -On the lower level, a dramatic central staircase with steel girder, open wood treads, and glass banister rises to the main living area. This floor also offers a large mudroom, spacious family room, billiard room with custom backlit bar, Murphy bed, and half bath, plus a second full bath with tub/shower, backlit wood ceiling, and custom vanity. A concrete patio runs the full width of the home and is completely covered, creating a protected outdoor gathering space in every season.- -Blending modern architecture, multiple living spaces, and one of the most central locations on the South Shore, this property delivers luxury living with versatility for extended family, rental, or caretaker accommodations.
    110 days
    |
    1,169
    |
    81
    |

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2025 at 12:30am

    Listed by:

    Mark A Salmon 530-318-7637 mark@tahoesalmon.com,

    Compass

    Source: STAOR,MLS#: 142176MLS LogoOriginating MLS: South Tahoe Association of Realtors

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Full bathrooms: 4
    • 1/2 bathrooms: 2
    Rooms
    • Room types: Office/Den, Living Room, Game Room, Entry/Foyer, Mud Room, Workshop, Family Room, Great Room, Guest Quarters, Upstairs Living
    Kitchen
    • Features: Pantry
    Heating
    • Natural Gas, Fireplace(s), Radiant Floor, Radiant
    Appliances
    • Included: Disposal, Built-In Refrigerator, Dishwasher Built-in, Gas Range, Oven, Gas Water Heater, Instant Hot Water
    • Laundry: Laundry Room
    Features
    • Tile Counters
    • Flooring: Carpet, Tile, Wood
    • Windows: Double Pane Windows, Vinyl Frame, Low Emissivity Windows
    • Has basement: No
    • Number of fireplaces: 2
    • Fireplace features: Free Standing, Gas, Insert
    Interior area
    • Total structure area: 3,822
    • Total interior livable area: 3,822 sqft

    Property

    Parking
    • Parking features: Attached, RV Access/Parking, Garage Door Opener
    • Attached garage spaces: 4
    Features
    • Patio & porch: Patio, Deck, Covered, Uncovered
    • Has view: Yes
    • View description: Mountain(s), Lake, Filtered, Forest, Ski Resort
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 0.82 Acres
    • Features: Adjacent to Forest, Wooded
    Details
    • Parcel number: 030401041000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame, Masonry Veneer, Wood Siding
    • Foundation: Slab
    • Roof: Pitched,Asphalt,Composition
    Condition
    • Year built: 1980

    Utilities & green energy

    • Utilities for property: Electricity Available, Natural Gas Available, Cable Connected, Phone Connected

    Community & HOA

    Community
    • Subdivision: Heavenly Valley Homes 1
    Location
    • Region: South Lake Tahoe

    Financial & listing details

    • Price per square foot: $780/sqft
    • Tax assessed value: $1,731,890
    • Annual tax amount: $19,058
    • Date on market: 9/17/2025
    • Cumulative days on market: 111 days
    • Date available: 01/01/1800
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    Get pre-qualifiedBe ready to make an offer.
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    Estimated market value

    $2,723,900

    $2.59M - $2.86M

    $7,493/mo

    Price history

    Price history
    DateEventPrice
    12/4/2025Price change$2,980,000-8.3%$780/sqft
    Source: STAOR #142176 Report a problem
    9/18/2025Listed for sale$3,250,000+103.1%$850/sqft
    Source: STAOR #142176 Report a problem
    12/4/2020Sold$1,600,000-8.6%$419/sqft
    Source: STAOR #132954 Report a problem
    10/23/2020Pending sale$1,750,000$458/sqft
    Source: Coldwell Banker Select R.E. #132954 Report a problem
    10/1/2020Price change$1,750,000-2.5%$458/sqft
    Source: Coldwell Banker Select R.E. #132954 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$19,058 +5.5%$1,731,890 +2%
    2024$18,063 +1.8%$1,697,932 +2%
    2023$17,741 +1%$1,664,640 +2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $18,637/mo
    Principal & interest
    $14962
    Property taxes
    $2632
    Home insurance
    $1043

      Climate risks

      Neighborhood: 96150

      Nearby schools

      GreatSchools rating

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