27961 Rainbow Dr., Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $445,000—positioned well below the $459,240 Fair Market Value by 3%. This valuation gap offers $14,240 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home includes an Income-Generating ADU and Panoramic Mountain Views. While the ADU permit status requires verification, the property’s Arrowhead Woods location and Lake Rights provide strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27961 Rainbow Dr. Subject | $445,000* List Price | 4 | 4 | 2,160 | $213 | - |
A 810 Oakmont Lane Sold | $405,000 | 4 | 3 | 2,394 | $169 | 0.8 mi |
B 695 Buckingham Sold | $485,000 | 3 | 2 | 2,400 | $202 | 0.4 mi |
C 27495 Cedarwood Sold | $510,000 | 4 | 3 | 1,926 | $265 | 0.9 mi |
D 717 Oakmont Sold | $419,000 | 4 | 3 | 1,680 | $249 | 0.7 mi |
E 501 Wellsley Drive Sold | $453,000 | 3 | 2 | 1,824 | $248 | 0.3 mi |
F 561 Dover Court Pending | $385,000 List Price | 4 | 3 | 1,862 | $207 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this cabin maintains much of its original character with updates that appear to be 20-30 years old. The kitchen features dated black-and-white checkered tile and older white appliances, while the living area utilizes a dated wall heater rather than a modern central HVAC system. The ADU kitchen and interior built-ins reflect a mid-century aesthetic that, while functional, requires modernization to meet current market standards.
Situated in the exclusive Arrowhead Woods, this property includes highly sought-after lake rights and offers convenient proximity to Lake Arrowhead Village's dining and shopping.
The home features a separate ADU with private access, a full kitchen, and a living room, offering versatile options for multi-generational living or potential rental income.
The property boasts stunning forest and mountain views, providing a true 'dream cabin' atmosphere with over 2,100 square feet of living space for entertaining.
The permit status for the ADU is currently unknown, which could complicate financing or lead to future regulatory requirements for the new owner.
Dating back to 1965, the property may necessitate investments in modernizing older systems and structural elements typical of mid-century mountain cabins.
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.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades K-5 • 6.4 mi
Grades K-5 • 6.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,160 | 2,126 |
| Lot Size | - | 9,850 |
| Price | $445.0K | $669.1K |
| Price per sq ft | $206 | $346 |
| Built year | 1965 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 4 | 92 |
Jul 18, 2026
$445,000
Initial Listing
Jul 19, 2017
$150,000
Public Record
Jan 7, 2002
$104,000
Public Record