27481 Meadow Drive
About This Property
The home features beautiful natural tongue-and-groove pine throughout, adding warmth and authentic mountain character. Recent upgrades include a new roof, updated electrical panel - generator ready, mini-split air conditioning system and duct-work, lighting and a stylishly renovated bathroom. This is
home also offers a wrap-around deck and covered entrance. Enjoy the convenience of easy year-round access and a prime location just minutes from Lake Arrowhead Village, SkyPark at Santa's Village, and numerous hiking trails. Whether you're looking for a full-time residence or a weekend getaway, this inviting mountain retreat in Crest Park area, delivers comfort, style, and the best of mountain living. Ask about 100% financing!
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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 20, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Price Decreased |
$450,000
↓ $19K
(4.1%) | |
| Price Decreased | |||
| Jul 30, 2025 | Listed by ARROWHEAD PREMIER PROPERTIES | $469,000 | |
| Listed by ARROWHEAD PREMIER PROPERTIES | |||
| Jun 22, 2025 | Listed | $485,000 | |
| Listed | |||
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Welcome to 27481 Meadow Drive — a charming 3-bedroom, 2-bath mountain retreat nestled in the peaceful Crest Park neighborhood of Lake Arrowhead.
Set among the pines, this home blends rustic character with modern updates for year-round comfort. Inside, you’ll find wood-beamed ceilings, spacious living areas, and natural light pouring in from large windows. The main living space flows seamlessly into the kitchen, making it perfect for entertaining or relaxing by the fire after a day in the mountains.
Recent upgrades include a downstairs bathroom addition, mini split HVAC systems on each floor, a generator receptacle for backup power, security cameras, a newer roof (2022), and a newer electrical panel (2020). Every detail has been thoughtfully considered to enhance both comfort and convenience.
Whether you're seeking a full-time home, weekend getaway, or STR investment, this property offers incredible flexibility — all without the burden of an HOA. Just minutes from Lake Arrowhead Village, hiking trails, and highway access, the location is as practical as it is serene.
Come experience the lifestyle of mountain living with the upgrades that make it easy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017