27431 Alpen
About This Property
Positioned to capture sweeping water and ridgeline views from multiple levels, this home pairs refined mountain architecture with desirable level-entry access and an attached two-car garage equipped with electric vehicle charging capability.
Vaulted ceilings with exposed beams frame the main living area, where expansive windows showcase the lake as a natural focal point. A stone fireplace anchors the space, while the open-concept layout connects seamlessly to the dining area and kitchen, designed for both everyday living and entertaining.
Multiple newly constructed Trex decks extend the living space outdoors, offering low-maintenance durability and generous areas to take in the lake and mountain setting throughout the day. The elevated vantage point provides clear views of Lake Arrowhead's Fourth of July fireworks display, creating a front-row experience from the comfort of your own deck.
The primary suite is oriented toward the views and includes private deck access. The en-suite bathroom features a soaking tub positioned to overlook the lake, along with a fireplace an inviting space to unwind, enjoy a bath, and relax by the fire while taking in the scenery.
A spacious game room on the lower level provides additional gathering space, ideal for recreation, media, or hosting guests.
Located within Arrowhead Woods, the property includes lake rights to private Lake Arrowhead, allowing access to boating, kayaking, paddleboarding, and year-round recreation.
This offering combines scale, views, outdoor living, and lake privileges in one of Lake Arrowhead's established settings.
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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 |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by CM & ASSOCIATES | $1,325,000 | |
| Listed by CM & ASSOCIATES | |||
| Nov 2, 2025 | Price Decreased |
$1,359,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$1,379,000
↓ $20K
(1.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017