49
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189 St Hwy 173
About This Property
This special property was once owned by the family of acclaimed actor Michael Douglas and offers front-row views of the spectacular Fourth of July fireworks right from the front porch.
The home features 5 bedrooms, including a desirable main-level primary suite, plus a fully finished attic bedroom that provides additional space for guests, family, or a cozy retreat. With 2 full bathrooms and timeless Lake Arrowhead charm throughout, the home blends classic mountain character with modern comfort.
Recent upgrades include all-new plumbing completed just a few years ago. The beautifully updated kitchen showcases quartz countertops, high-grade cabinetry, and an inviting layout perfect for entertaining. Dual-pane windows throughout the home provide energy efficiency and year-round comfort.
Outside, towering mature trees create exceptional curb appeal and a peaceful mountain atmosphere. Two spacious decks offer wonderful outdoor living areas, including a large side deck ideal for gatherings and a welcoming front deck perfect for relaxing and enjoying the lake view. Convenient parking accommodates up to four vehicles, and after dark, traffic along Highway 173 becomes minimal, adding to the serene setting.
Additional features include a whole-house generator for added peace of mind. Much of the furniture and TVs are included, making this a fantastic turnkey opportunity. Currently operating as a successful Airbnb with excellent reviews, this property offers both an incredible mountain getaway and a strong investment opportunity in one of Lake Arrowhead's most desirable locations.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$1,150,000
↓ $10K
(0.9%) | |
| Price Decreased | |||
| Aug 28, 2026 | Price Decreased |
$1,160,000
↓ $20K
(1.7%) | |
| Price Decreased | |||
| Jul 20, 2026 | Price Decreased |
$1,180,000
↓ $20K
(1.7%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by RE/MAX LAKESIDE | $1,200,000 | |
| Listed by RE/MAX LAKESIDE | |||
| Aug 16, 2022 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017