27831 Rainbow Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
Loading property details...
Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $609,000—positioned well below the $596,371 Fair Market Value by -2%. Built in 2006, this home maintains a Condition Rating of 3, featuring a modern open-concept layout, a 4-person hot tub, and essential Lake Rights. While school ratings are modest, the proximity to Lake Arrowhead Village and the move-in-ready status provide immediate lifestyle benefits. This property is an ideal acquisition for Owner-Occupants seeking a peaceful sanctuary or second-home buyers looking for a high-quality, low-maintenance mountain escape.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27831 Rainbow Drive Subject | $609,000* List Price | 3 | 2 | 1,656 | $360 | - |
A 416 Klamath Drive Sold | $625,000 | 3 | 2 | 1,746 | $358 | 0.9 mi |
B 195 Birchwood Drive Sold | $637,500 | 3 | 4 | 2,108 | $302 | 0.8 mi |
C 407 Dolly Varden Drive Sold | $500,000 | 3 | 2 | 1,260 | $397 | 0.2 mi |
D 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.9 mi |
E 305 Summit Road Active | $575,000 List Price | 3 | 2 | 1,389 | $414 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006 (18 years old), this property is well-maintained and move-in ready. It features updated kitchen and baths, modern composite decking, and a fire suppression system, aligning with the 10-20 year age criteria for functional and quality condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7543, living area = 1656.
Situated on the desirable south side within walking distance to Lake Arrowhead Village and Burnt Mill Beach Club, this property includes essential Lake Rights for full recreational access.
Built in 2006 and offered fully furnished, this immaculate home features contemporary updates, cathedral ceilings, and a fire suppression system, making it a move-in-ready mountain retreat.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1656, other record living area = 1410.
The layout is distributed across three distinct levels, including a loft and a downstairs primary suite, which may be less convenient for buyers seeking a more accessible or cohesive single-story flow.
The assigned elementary schools carry lower performance ratings (3 and 4), which could be a consideration for families prioritizing top-tier educational districts.
Located among towering pines and dogwoods, on Lake Arrowhead's south side, this beautifully maintained mountain retreat offers the perfect blend of modern comfort and classic forest charm. Just a short stroll to Lake Arrowhead Village, lake, Burnt Mill Beach Club, resort, shopping, and dining, the location is as convenient as it is peaceful.Custom built in 2006 and offered fully furnished, this immaculate home is move-in ready and designed for effortless mountain living. The light-filled main level features a spacious open-concept great room with soaring cathedral ceilings, rich hardwood flooring, and expansive windows that bring the outdoors in. The updated kitchen, baths, and finishes have been thoughtfully done with style and quality throughout.The main floor offers two bedrooms and a full bath, while the upper-level loft provides flexible space for a bedroom, home office, game room, or gym. Downstairs, the private primary suite creates a true retreat, complete with full bath and convenient laundry room. Additional buildup space is big enough to add a home theater, or whatever your heart desires.Outdoor living is highlighted with two decks, including a large private low-maintenance composite rear deck featuring a 4-person hot tub, perfect for relaxing beneath the stars. Additional highlights include an attached garage (with room for storage or golf cart), fire suppression system, plowed and maintained road access, and all important Lake Rights.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades K-5 • 6.3 mi
Grades K-5 • 6.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,656 | 1,995.5 | 30% |
| Lot Size | 7,543 | 9,857 | 21% |
| Price | $609.0K | $683.5K | 40% |
| Price per sq ft | $368 | $346 | 59% |
| Built year | 2006 | 1978 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 212 | 1% |
May 20, 2026
$609,000
Initial Listing
Dec 21, 2021
$580,000
Public Record
Aug 24, 2020
$380,000
Public Record
Aug 22, 2017
$329,000
Public Record
Jun 13, 2006
$475,000
Public Record
Aug 29, 2003
$19,000
Public Record
Mar 10, 1995
$18,000
Public Record