52
Map
27820 Rainbow Drive
About This Property
Enjoy two spacious decks, including an upper deck with Life Deck coating, perfect for relaxing or entertaining in the fresh mountain air. Interior details include new 2025 luxury vinyl plank flooring throughout, remodeled bathrooms, a Pottery Barn vanity, high-end plumbing fixtures, and a remodeled stone walk-in shower. Additional upgrades include a new 2025 high-efficiency HVAC system, newer 2025 tankless water heater, butler-style dining cabinet with butcher-block top, and custom artisan details in the dining room and upper-level bedroom.
A charming mudroom-style entry with custom bench welcomes you inside. The tandem 2-car garage includes a workbench and laundry area, with additional laundry hookups available in the upper-level bonus/flex room. The approximately 5,800 sq. ft. flat lot features serene dogwood and pine trees and extends to a peaceful brook/stream at the rear of the property, creating a charming mountain setting. Located near Lake Arrowhead Country Club on a quiet snow-plowed road. A wonderful full-time residence, weekend getaway, or vacation-rental-potential opportunity, subject to applicable rules and permits. Property is sold fully furnished.
Payment Calculator
Your Estimated Monthly Payment
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 4, 2026 | Sold | ||
| Sold | |||
| Aug 1, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Listed by Berkshire Hathaway Homeservices California Realty | $649,000 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017