27442 Meadow Bay Drive
About This Property
Looking for one of the best values in Lake Arrowhead with a dock slip included? Look no further-this is the lake escape you've been waiting for! With a major price improvement, this timeless mountain retreat in the exclusive gated community of Meadow Shores is now a can't-miss opportunity.
Tucked among mature trees and storybook landscaping, this charming four-bedroom home offers the perfect blend of comfort, character, and lake life magic. Just a short walk or scenic golf cart ride away is your very own dock slip, nestled in the calm, protected waters of Meadow Bay-ideal for peaceful mornings on the lake or sunset cruises with friends.
Upstairs, discover four cozy bedrooms, all thoughtfully arranged on one level. The spacious primary suite feels like a true sanctuary, featuring vaulted tongue-and-groove ceilings, a dual-sided fireplace, two walk-in closets, an attached office, and a private redwood deck-perfect for your morning coffee among the pines. Two of the guest rooms share a Jack-and-Jill bathroom, and there's even a large laundry room with storage galore.
Downstairs is made for gathering-with a wide-open floorplan, durable tile and slate flooring, and a flow that brings everyone together. The heart-of-the-home kitchen boasts custom oak cabinetry, a Wolf range, KitchenAid refrigerator, and walk-in pantry, while the adjacent dining room is perfect for hosting unforgettable lake weekend dinners. A dual-sided fireplace warms both the den and living room, and sliding doors open to your backyard patio and BBQ space-ready for summer grilling and starlit evenings.
Bonus features include an attached three-car garage, two brand new forced-air heaters, central vacuum, and built-in garage storage.
Whether you're searching for a full-time haven or the ultimate lake house getaway, this home delivers all the Lake Arrowhead vibes with comfort, space, and your own dock to match.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 30, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $1,350,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
| May 24, 2025 | Price Decreased |
$1,480,000
↓ $15K
(1%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$1,495,000
↓ $95K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017