27961 Rainbow Dr., Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
27961 Rainbow Dr.
Lake Arrowhead, California 92352
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27961 Rainbow Dr. Subject | $475,000* List Price | 4 | 4 | 2,160 | $220 | - |
A 501 Wellsley Drive Sold | $453,000 | 3 | 2 | 1,824 | $248 | 0.3 mi |
B 804 Oakmont Sold | $335,000 | 2 | 2 | 1,310 | $256 | 0.8 mi |
C 533 W Victoria Court Sold | $380,000 | 3 | 2 | 1,584 | $240 | 0.3 mi |
D 637 Crest Estates Court Sold | $424,000 | 2 | 2 | 1,546 | $274 | 0.3 mi |
E 810 Oakmont Lane Pending | $575,000 List Price | 4 | 3 | 2,394 | $240 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1965, this property is a well-maintained 'authentic' cabin that shows a mix of original character and partial updates. The main kitchen features granite countertops and stainless steel appliances likely updated within the last 15 years, but the ADU kitchen and several interior finishes (such as extensive wood paneling and older light fixtures) remain dated. While functional and move-in ready, the home lacks a comprehensive recent renovation and shows signs of age consistent with the 'fair' classification.
PROSSTRENGTHS & OPPORTUNITIES
- Lake Rights & Prime Location
Situated in the desirable Arrowhead Woods with coveted lake rights, this property offers exceptional proximity to Lake Arrowhead Village, local dining, and recreational activities.
- Income Potential ADU
The property features a self-contained ADU with private access, a full kitchen, and a living area, providing a versatile space for guests or potential rental income.
- Panoramic Forest Views
The home delivers an authentic mountain experience with picture-perfect forest and panoramic mountain views, enhancing the overall tranquility and appeal of the retreat.
CONSRISKS & DEFICIENCIES
- Unverified ADU Permits
The permit status for the ADU is unknown, which may pose risks regarding financing, insurance, and future legal compliance for the new owner.
- Market Stagnation
Multiple price reductions since the initial listing suggest the property may have faced challenges with its original valuation or underlying condition in the current market.
About 27961 Rainbow Dr.
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- -
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 2.1 mi
Charles Hoffman Elementary School
Grades K-5 • 6.4 mi
Valley Of Enchantment Elementary School
Grades K-5 • 6.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 2,160 | 1,979.5 | 59% |
| Lot Size | - | 9,752 | 0% |
| Price | $475.0K | $677.5K | 20% |
| Price per sq ft | $220 | $341 | 5% |
| Built year | 1965 | 1977 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 236 | 13% |
Pricing History
Listed for Sale
Jan 30, 2026
$475,000
$485,000
-2% Price Drop
Initial Listing
Price Change
Jan 10, 2026
$485,000
$495,000
-2% Price Drop
Initial Listing
Price Change
Nov 6, 2025
$495,000
Initial Listing
Sold
Jul 19, 2017
$150,000
Public Record
Sold
Jan 7, 2002
$104,000
Public Record