RealKey
‪(213) 433-7766‬

27961 Rainbow Dr., Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath

27961 Rainbow Dr., Lake Arrowhead, California 92352 home-pic-0
ACTIVE$495,000
27961 Rainbow Dr., Lake Arrowhead, California 92352
4Beds
4Baths
2,160Sqft
Lot
Year Built
1965
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$229
HOA
-
Days on market
-
Sold On
-
MLS number
250043415SD
Home ConditionFair
Features
Good View: Mountain(s), Panoramic
ViewMountain(s), Panoramic

About this home

Great Deal:The estimated price is 3% above the list price. We found 3 Cons,5 Pros. Rank: price - $495.0K(22th), sqft - 2160(62th), beds - 4(53th), baths - 4(79th).

Dream Cabin, Picture-perfect Forest views await you at this authentic Lake Arrowhead home. Located in Arrowhead Woods with LAKE RIGHTS & easy access to the lake and proximity to all the best local spots including restaurants, shops, the village, and much more, this mountain home is the ideal retreat! Nearly 2,160 Sq Ft of living space in this 4-bedroom 3 bath home gives you room to breathe and entertain, blending classic charm with modern convenience. And then there's the big perk! An ADU with private acces (permit unknow), full bedroom and bath, full kitchen, Livingroom makes this a dream cabin to own.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.1mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.4mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.4mi
/10
Rim Virtual
Public,•K-8•0.8mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•1.6mi
6/10
Rim Of The World Senior High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
11/06/25
Listing
$495,000
07/19/17
Sold
$150,000
01/07/02
Sold
$104,000
Condition Rating
Fair
Built in 1965, this property exhibits a dated aesthetic, particularly in the main kitchen with its black and white checkered tile and older white appliances. The ADU kitchen, while functional, also features older cabinetry and laminate countertops. Bathrooms, such as the one pictured with a pedestal sink and beadboard, are also outdated in style. While the home appears well-maintained with a consistent 'cabin' theme throughout, the major components like kitchens and bathrooms show clear signs of being 15-30 years old or older, requiring significant aesthetic updates to meet current market expectations. The property is functional but not modern.
Pros & Cons

Pros

Lake Rights & Prime Location: Located in the desirable Arrowhead Woods with valuable lake rights, offering easy access to the lake and close proximity to local amenities, restaurants, shops, and the village.
Income-Generating ADU Potential: Features an Accessory Dwelling Unit (ADU) with private access, including a full bedroom, bath, kitchen, and living room, providing excellent potential for rental income or multi-generational living.
Panoramic Views: The property boasts picture-perfect forest and panoramic mountain views, enhancing its appeal as a serene mountain retreat.
Spacious Living Area: With nearly 2,160 sq ft, 4 bedrooms, and 4 bathrooms, the home offers ample space for comfortable living and entertaining.
Value Proposition: The listing price of $495,000 is below the estimated property value of $517,071.495, suggesting a favorable investment opportunity.

Cons

Unpermitted ADU Status: The Accessory Dwelling Unit (ADU) is noted as having an 'unknown permit' status, which could lead to legal complications, fines, or difficulties with financing and resale.
Age of Property: Built in 1965, the property is nearly 60 years old, which may imply a need for significant updates to systems or aesthetics, and potential for deferred maintenance.
Lack of Detailed Modern Updates: While described as blending 'classic charm with modern convenience,' specific details on recent major renovations (e.g., HVAC, energy efficiency, updated kitchens/baths) are not provided, which could be a concern for buyers seeking fully modernized homes.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state