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Map
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$165,000
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Land -
Off Market
150 Mill Pond Road
Lake Arrowhead, CA 92352
Studio
0 Bath
$1,098
Est. Monthly
$115
HOA / Fees
About This Property
Quality lakeview lot in the new development of Mill Pond, Lake
Arrowhead. This parcel presents a fantastic opportunity to
construct your seven-figure dream home with a nice lakeview.
Building on this parcel will be simple and save tens of thousands
in excavation costs. Located within the private gated community of
Mill Pond, this property enjoys a convenient proximity to the Lake
Arrowhead Marina and the Lake Arrowhead Village. In Mill Pond, new
construction commands a premium value compared to other areas of
Lake Arrowhead, with newly built homes appraised in the
multi-million dollar price bracket. All properties within the Mill
Pond community include lake privileges, making it an ideal choice
for those seeking a quality mountain lake lifestyle without
compromising on amenities. Notable amenities of Mill Pond include a
breathtaking waterfall gated entrance, underground utilities, and
well-maintained paved roads. With three active building projects
and many more soon to commence, this community presents the most
consequential real estate opportunity in Lake Arrowhead and the
surrounding communities. LOT #55 MUST SEE the Mill Pond highlight
video
Unit Size
-
Days on Market
78 days
Land Size
0.23 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
$115
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #IG26065530)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| Mar 26, 2026 | Listed by PRIME PROPERTIES | $200,000 | |
| Listed by PRIME PROPERTIES | |||
| Sep 26, 2025 | Listed | $120,000 | |
| Listed | |||
| | |||
|
Located within the exclusive Mill Pond gated community, this property has potential for panoramic views of Lake Arrowhead. From the moment you pass through the impressive waterfall entry and pond, you’ll experience the natural beauty and serenity that define this premier development. Some beautiful homes are going in. Discover the perfect opportunity to build your dream home in the exclusive, privately gated Mill Pond community.
Mill Pond features underground utilities and well-maintained paved roads throughout. The parcel is bordered by greenbelt areas, ensuring added privacy.
This is a rare opportunity to create your dream home in one of Lake Arrowhead’s most prestigious communities. Buyer to verify all information regarding the property and development.
Just minutes from lakeside trails, the marina, and the shops and dining of Lake Arrowhead Village, this property combines the serenity of mountain living with convenient access to everything you need.
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| Jul 24, 2021 | No longer available | - | |
| No longer available | |||
| Dec 22, 2020 | Listed by CAPRE | $349,000 | |
| Listed by CAPRE | |||
| | |||
|
AMAZING LAKE VIEWS!! Located in the exclusive Mill Pond gated development with panoramic views of Lake Arrowhead. You truly feel the beauty of the mountains and lake as you drive-thru the gated-entrance with waterfalls & pond. This development has all underground utilities and paved roads throughout. Comprehensive plans have already been drawn saving interested parties tens of thousands. Subject property is surrounded by greenbelt areas so you only have neighbors on one side. This is a unique opportunity to build the home of your dreams in one of the best developments in Lake Arrowhead! Buyer to verify all data associated with property and development.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lake Arrowhead
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Listed by: Jeff Perlis, PRIME PROPERTIES
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IG26065530
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IG26065530
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