676 Rhine Rd., Lake Arrowhead, California 92391, Lake Arrowhead, 92391 - 4 bed, 3 bath
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Lake Arrowhead, California 92391
This Prow-style Mountain Retreat represents a High-Potential Investment Opportunity, listed at $599,900—a price that reflects a stable entry point at its $599,900 Fair Market Value. Despite a Condition Rating of 4, the asset features a massive 3-story detached structure ready for ADU conversion, offering significant forced appreciation. With Lake Rights, Canyon Views, and a proven track record as a 12-person AirBnB, the property balances mountain lifestyle with robust income potential. This is an ideal play for Short-Term Rental Investors or Owner-Occupants looking to capitalize on the Arrowhead Woods market.
Property is moderate renovation needed.
Built in 1979, this property is well-maintained and functional as an active short-term rental, but it is significantly outdated. The kitchen features older white appliances and basic cabinetry, while the living areas and bedrooms contain aged carpeting and dated light fixtures. While the structure appears sound, the interior requires cosmetic modernization to meet current market standards, and the additional detached structure remains in an unfinished, 'studs-out' condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16000, living area = 2024.
The property features a massive, detached 3-story structure including a two-car garage, a workshop, and an upper level already prepared for conversion into an ADU and Junior ADU.
Located in the prestigious Arrowhead Woods subdivision, this home includes coveted lake rights, providing exclusive access to Lake Arrowhead's private amenities.
Built in 1979, the home may require ongoing maintenance or modernization of original systems to meet contemporary energy efficiency and luxury standards.
The property is recently back on the market following a buyer's non-performance and has seen a price reduction, which can sometimes trigger buyer caution during the inspection period.
The assigned elementary schools have relatively low ratings (3/10 and 4/10), which may be a drawback for primary residence buyers with school-aged children.
BACK ON THE MARKET! Buyer didn't perform! Check the comps! Priced to sell! Super cool Prow style home with lake rights located on over 1/3rd acre with already built structures ready to convert to ADU's. Ground-level home over 2,000sf, 4bd/3baths, soaring beamed ceilings, walls of glass, rock fire place, and a wrap-around deck. Open-style kitchen with an island and direct access to the deck. The home is perfect for entertaining! Main floor offers 2 bedrooms and 1 full bathroom. The top floor has a loft/lounge area plus an extra large Primary suite with beamed vaulted ceilings and a separate bathroom. The lower level has an extra spacious room that can be use as another Primary suite or family room with a bathroom and laundry room. This room has direct access to ground level, the gated backyard (dog run), and a park-like setting with fabulous evergreens and a seasonal stream. Parking for at least 6 cars PLUS a HUGE custom-built 3-story structure that offers a XTRA large 2 car garage, a huge enclosed area above the garage(possible ADU) and an expansive workshop underneath the garage(possible Junior ADU). Home is currently used as a part-time Airbnb and is approved to comfortably sleep 12 people. Tons of possibilities and truly a one-of-a-kind! Must see!
No exterior & parking available.
Grades PK-5 • 2.0 mi
Grades K-5 • 5.5 mi
Grades K-5 • 7.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 2,024 | 1,632 | 74% |
| Lot Size | 16,000 | 8,799 | 78% |
| Price | $599.9K | $405.0K | 78% |
| Price per sq ft | $296 | $269 | 61% |
| Built year | 1979 | 1970 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 216 | 240 | 43% |
Nov 13, 2025
$599,900
$649,000
-8% Price Drop
Initial Listing
Sep 18, 2025
$649,000
Initial Listing