27981 Rainbow Drive, Lake Arrowhead, California 92352, Lake Arrowhead, - bed, bath

home-pic
ACTIVE$460,000
27981 Rainbow Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,184Sqft
6,635Lot
Year Built
1983
Close
-
List price
$460K
Original List price
$460K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
25568583
Home ConditionGood
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods

About this home

Turnkey Arrowhead Woods Oasis with Full Lake Rights Included! Escape to this sunny mountain retreat in Lake Arrowhead, fully furnished and STR-permitted for instant enjoyment or rental income. Surrounded by towering pines, the updated home offers indoor-outdoor living with low-maintenance Trex wraparound decks perfect for relaxing, entertaining, or stargazing. Enjoy cozy, light-filled interiors with 3 bedrooms, 1.5 baths, a modern kitchen, and a family room that opens to serene outdoor spaces. The primary suite includes a private deck ready for a future hot tub. Everything's ready for you: House comes fully furnished, just bring your clothes or start renting immediately. Includes: Washer / Dryer, NEST smart heat, electric fireplace, newer appliances, house wares, fully furnished bedrooms and bathrooms, kayaks, patio set, BBQ, and expanded winter-ready driveway. This street is snow plowed (higher value) and easy to get in and out. Private lake access and Burnt Mill Beach Club are just steps away, next to Lake Arrowhead Brewing Co. Walk to the Village for dining, music, shopping, and Tesla charging. Minutes from Sky Park and Snow Valley Ski Resort. With lake rights, easy access to Hwy 173/18, and endless outdoor adventure, this is your ideal mountain getaway or income-producing gem.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,PK-52.1mi
4/10
Charles Hoffman Elementary School
Public,K-56.4mi
3/10
Valley Of Enchantment Elementary School
Public,K-56.4mi
/10
Rim Virtual
Public,K-80.8mi
5/10
Mary P. Henck Intermediate School
Public,6-81.7mi
6/10
Rim Of The World Senior High School
Public,9-121.3mi

Price History

Date
Event
Price
07/23/25
Listing
$460,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (218 Listings)
Beds33
50%
Baths23
37%
Square foot1,1841,977
9%
Lot Size6,6359,770
20%
Price$460K$670K
15%
Price per square foot$389$349
60%
Built year19831976
69%
HOA
Days on market106178
15%
Condition Rating
Good

The property, built in 1983, has undergone significant cosmetic updates, making it move-in ready. The kitchen features newer stainless steel appliances, painted cabinets, and updated fixtures, though the tile countertops and backsplash are dated. The bathroom also shows updates with a painted vanity and modern light fixtures, but retains older tile in the shower. Consistent LVP flooring throughout and a modern electric fireplace contribute to a well-maintained and functional aesthetic, fitting the 'good' criteria of being extensively renovated within 5-15 years and requiring no immediate renovation, despite some components showing signs of being outdated.
Pros & Cons

Pros

Full Lake Rights & Private Access: The property includes full Lake Rights and offers private lake access, with Burnt Mill Beach Club just steps away, significantly enhancing its recreational value and desirability in Lake Arrowhead.
STR-Permitted & Turnkey Investment: Being fully furnished and STR-permitted, this property is an ideal turnkey solution for immediate rental income or personal vacation use, requiring minimal effort from the new owner.
Prime Walkable Location: Its exceptional location allows for walking to Lake Arrowhead Village for dining, shopping, and entertainment, and is minutes from Sky Park and Snow Valley Ski Resort, offering unparalleled convenience and access to amenities.
Updated & Well-Equipped Interiors: The home features updated interiors, newer appliances, NEST smart heat, and an electric fireplace, providing modern comforts and a ready-to-enjoy living space.
Excellent Outdoor Living & Winter-Ready Features: Low-maintenance Trex wraparound decks offer superb outdoor living space, complemented by practical winter amenities like a snow-plowed street and an expanded winter-ready driveway, crucial for a mountain property.

Cons

Age of Property: Built in 1983, while updated, the underlying structure and potentially some core systems are older, which could lead to unforeseen maintenance or upgrade needs in the long term.
Limited Bathroom Count: With 3 bedrooms and only 1.5 bathrooms, the property may present convenience challenges for larger families or multiple guests, potentially impacting its appeal for short-term rentals.
Absence of Air Conditioning: The description highlights heating but does not mention an air conditioning system, which could be a comfort concern during warmer summer months, even in a mountain climate.

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