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About This Property
Just steps from Grass Valley Lake, this classic Thunderbird is a standout example of one of Lake Arrowhead's most beloved architectural styles. Soaring ceilings, exposed beams, knotty pine, a dramatic wall of glass, and a striking antler chandelier create an unforgettable first impression. Natural light pours into the living spaces, highlighting the home's architectural character and connection to its surroundings. The main living area centers around a beautiful fireplace, offering a warm and inviting space to gather after a day on the lake, the golf course, or nearby trails. Rich wood accents and timeless mountain details evoke the feeling of a private lodge, while the thoughtful floor plan offers comfort and flexibility for everyday living or weekend escapes. The kitchen and dining area are well positioned for both casual meals and entertaining, creating a natural flow between the home's gathering spaces. A bedroom and full bath on the main level add convenience and flexibility, while downstairs, two additional bedrooms, a second full bath, and a secondary living area create an ideal setup for guests, extended family, or multi-generational living. Outside, two spacious decks extend the living space outdoors, offering front row seats to crisp mountain mornings, golden hour sunsets, and star filled evenings. Whether hosting friends for a summer barbecue or enjoying a quiet cup of coffee, these generous outdoor spaces provide the perfect place to slow down and take in the surroundings. Below, a seasonal creek winds through the property, adding a peaceful natural element and the soothing sound of running water during the wetter months. Set on approximately one third of an acre, the property offers a rare sense of space with room to further enhance the grounds or explore future possibilities. Desirable level parking and coveted lake rights add everyday convenience. Ideally located just steps from Grass Valley Lake and moments from the golf course and country club, the home places some of the area's most sought after recreational amenities within easy reach. Whether you're gathered around the fire on a snowy winter evening, enjoying the fresh mountain air from the deck, or spending the day on the lake with family and friends, this Thunderbird offers the kind of authentic mountain experience that never goes out of style.
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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%.
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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.
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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 3, 2026 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Jun 17, 2026 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $749,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 29, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by WHEELER STEFFEN SOTHEBY'S INTERNATIONAL REALTY | $725,000 | |
| Listed by WHEELER STEFFEN SOTHEBY'S INTERNATIONAL REALTY | |||
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Discover tranquility with this enchanting Thunderbird-style home, nestled away from the crowds yet wonderfully accessible to all that Lake Arrowhead has to offer. Situated in a serene lake-rights neighborhood, this property features a beautifully forested parcel with a calming seasonal stream at the backyard. Conveniently located with only a 2-3 minute stroll to Grass Valley Park, 3-4 minute drive to the prestigious Lake Arrowhead Country Club (LACC) golf course and 10 minutes away from Blue Jay and the Village. For the outdoor enthusiast, National Forest trails are a 10-15 minute drive away as well as the popular trail around private Lake Arrowhead.
The living room features soaring vaulted ceilings leading seamlessly to the expansive deck and open plan kitchen with dining area overlooking the forest. Rounding out the main level is the primary bedroom with vaulted ceilings, fantastic light with deck access and full bath making for easy daily living. Additionally, the generous 1/3 acre parcel features a beautiful forest view in addition to providing ample space for enjoyment and development opportunities with a secondary access point located on the opposite side of the parcel via a level access road.
Recent upgrades include a new mini split AC in the living room and dual pane windows/sliders throughout for energy efficiency. Downstairs contains a cozy family room, two additional bedrooms, full bath, laundry and secondary deck leading directly to the backyard. Being located on a county snow-plowed and maintained street, easy access year round is assured. The property will be sold furnished per seller inventory allowing you and your family to move right in! Additionally, this home has been a successful (5 star rated) short-term rental with active permit in place with income statistics available upon request. An exceptional opportunity that is not to be missed!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017