27744 N North Bay Road
About This Property
Located on the desirable north side of Lake Arrowhead, this turnkey home offers level entry into a beautifully designed, light-filled living space. The open-concept great room boasts soaring ceilings and a dramatic wall of glass that floods the living and dining areas with natural light while providing breathtaking views.
The main level features two bedrooms, including a spacious primary suite with an ensuite bath, and a second bedroom with a full bathroom nearby. Upstairs, you'll find two additional guest rooms and another full bath, perfect for hosting family and friends.
Step out onto the expansive deck to relax in your private hot tub, surrounded by serene mountain and peak lake views. This property sits on over half an acre with the additional lot included in the price, offering privacy and space to enjoy the outdoors.
Conveniently located near Tavern Bay Beach Club, the national forest, Lake Arrowhead Village, and just a short drive to the country club, this home is an excellent opportunity to enjoy all the beauty and amenities Lake Arrowhead has to offer. Don't miss out on this unique lake rights property!
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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 |
|---|---|---|---|
| Dec 14, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Relisted | $620,000 | |
| Relisted | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $620,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017