27941 Rainbow Drive
Lake Arrowhead, CA 92352 • 3 Bed • 2 Bath • 1,088 sq.ft.

Property summary

PRICE ADJUSTED to $448,900 to reflect the SELLLER'S MOTIVATION and the EXCELLENT OPPORTUNITY, this home presents WITH GREAT INCOME POTENTIAL. Welcome to your MOUNTAIN RETREAT with FULL LAKE RIGHTS, and an ACTIVE Airbnb LICENSE in the heart of beautiful Lake Arrowhead, with a UNBEATABLE LOCATION, just a SHORT Walk to Village Shops & Restaurants, Brewery & Lake Arrowhead Burnt Mill Beach Club. This charming and thoughtfully upgraded home offers 1,088 sq. ft. of cozy living space, situated on a 7,000 sq. ft. lot, surrounded by towering pines and crisp alpine air. Whether you’re looking for a Full-time Residence, Vacation Home, or INCOME-PRODUCING short-term rental, this property is OFFERED FULLY FURNISHED (with exclusions) and ready to enjoy from day one. With THREE BEDROOMS and TWO FULL BATHROOMS, this home offers both comfort and flexibility. The light-filled interior features NEWLY INSTALLED CARPET upstairs, FRESH INTERIOR PAINT, and NEW DUAL-PANE WINDOWS throughout, bringing in natural light while enhancing energy efficiency and comfort year-round. The spacious living area is anchored by a WOOD-BURNING FIREPLACE, perfect for those cozy winter evenings in the mountains. The recently UPDATED KITCHEN is both functional and stylish, with NEW STAINLESS STEEL APPLIANCES (stove and refrigerator), FRESHLY PAINTED CABINETRY, and NEW STONE TILE FLOORING, making it the ideal space for mountain meals and morning coffee. Both BATHROOMS have been TASTEFULLY REMODELED approximately two years ago, offering a clean and refreshed feel. Additional features include a TANKLESS WATER HEATER, CEILING FANS in the upstairs bedrooms (installed just two years ago), and a TREX-STYLE COMPOSITE DECK installed approximately 2.5 years ago, perfect for entertaining or relaxing with tree-top views. Best of all, with FULL LAKE RIGHTS! ENJOY EXCLUSIVE ACCESS to Lake Arrowhead for SWIMMING, KAYAKING, PADDLEBOARDING and BOATING, access to PRIVATE BEACH CLUBS, trails, and all ALA-MAINTAINED AMENITIES a major lifestyle advantage and a HUGE SELLING POINT for VACATIONERS and full-time residents alike. Located on one of Lake Arrowhead’s most picturesque streets, and close to everything this beloved alpine community offers, this is your opportunity to own a piece of the mountain lifestyle. Whether you’re looking for adventure, tranquility, or a smart investment opportunity, this home is ready to deliver it all. Don’t miss your chance to make it yours—schedule your private showing today!

Days on market: 7

Listing updated: July 14, 2025 - 10:49:07

Property details

Property ID
SW25149064
Size
1088 sq.ft.
Home Type
Residential
Year Built
1969
Property Size
0.1607 acre
Garage
0
Levels
2
Spa
None
Patio
Rear Porch, Deck, Front Porch, Porch, Rooftop, Wood
Basement
No
View
Hills, Mountain(s), Neighborhood, Panoramic, Trees/Woods
Pool
None

Listed by: Karin Vantuchova DRE #01919715 949-348-0888, Option West Realty - Southwest Riverside County

Source: Southwest Riverside County, MLS#: SWHARC Originating MLS: CRMLS

Interior information

Rooms
Bedroom, Kitchen, Living Room, Other, Dining Room
Bathrooms
2
Kitchen
Dishwasher, Electric Range, Gas Oven, Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Dryer, Washer
Cooling
None
Heating
Central, Fireplace(s)
Flooring
Carpet, Tile
Laundry
Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
$448,900
Property price
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Savings estimator
Revesty savings: $24K
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Est.: $1,796/mo
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-24 18:04:14 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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