27961 Rainbow Dr., Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This Authentic Mountain Retreat is listed at $475,000, offering a stable acquisition at its $475,000 Fair Market Value. The home maintains a Condition Rating of 4, showcasing a well-preserved interior with a modern Granite Kitchen and stainless appliances. A major highlight is the Self-Contained ADU with private access, providing excellent "house-hack" potential or guest quarters. Located in Arrowhead Woods with coveted Lake Rights and Panoramic Forest Views, the property is conveniently near Rim of the World Senior High. This is a versatile opportunity for Owner-Occupants or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27961 Rainbow Dr. Subject | $465,000* List Price | 4 | 4 | 2,160 | $215 | - |
A 501 Wellsley Drive Sold | $453,000 | 3 | 2 | 1,824 | $248 | 0.3 mi |
B 533 W Victoria Court Sold | $380,000 | 3 | 2 | 1,584 | $240 | 0.3 mi |
C 637 Crest Estates Court Sold | $424,000 | 2 | 2 | 1,546 | $274 | 0.3 mi |
D 804 Oakmont Sold | $335,000 | 2 | 2 | 1,310 | $256 | 0.8 mi |
E 551 Community Drive Active | $375,000 List Price | 2 | 2 | 1,400 | $268 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
Situated in the desirable Arrowhead Woods with coveted lake rights, this property offers exceptional proximity to Lake Arrowhead Village, local dining, and recreational activities.
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.
The home delivers an authentic mountain experience with picture-perfect forest and panoramic mountain views, enhancing the overall tranquility and appeal of the retreat.
The permit status for the ADU is unknown, which may pose risks regarding financing, insurance, and future legal compliance for the new owner.
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.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 2,160 | 1,964 | 60% |
| Lot Size | - | 9,805 | 1% |
| Price | $465.0K | $690.0K | 20% |
| Price per sq ft | $215 | $346 | 3% |
| Built year | 1965 | 1978 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 167 | 226 | 30% |
Apr 5, 2026
$465,000
$475,000
-2% Price Drop
Initial Listing
Jan 30, 2026
$475,000
$485,000
-2% Price Drop
Initial Listing
Jan 10, 2026
$485,000
$495,000
-2% Price Drop
Initial Listing
Nov 6, 2025
$495,000
Initial Listing
Jul 19, 2017
$150,000
Public Record
Jan 7, 2002
$104,000
Public Record