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Lake Arrowhead 92352
27942 Rainbow Drive
$350,000
● House - Off Market

27942 Rainbow Drive

Lake Arrowhead, CA 92352
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,154 Ft²
$534,956
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Somewhere over on Rainbow...way up high...there's the perfect mountain cabin just waiting for you to escape from city life. The main house has 2 bedrooms and 2 baths. Downstairs is a studio apartment with kitchenette and its own entrance. Over 1000 sq ft of freshly stained deck surrounded by pines to enjoy the outdoors and crisp mountain air. Insulated shed has electricity and is cable ready making the perfect Man Cave/She Shed! Property is walking distance to the Lake Arrowhead Village. Easy access with almost flat driveway and ample covered parking. Lake rights! Only 90 minutes from Los Angeles but feels a world away.
Unit Size
1,154 Ft²
Days on Market
19 days
Land Size
0.16 acres
Price per sqft
$316
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

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Last updated: 5 months ago (CRMLS #EV19207936)

Price History

Date / Event Date Event Price
Aug 1, 2025 Sold
Sold
Jul 22, 2025 In contract -
In contract
Jul 3, 2025 Price Decreased $650,000
↓ $70K (9.7%)
Price Decreased
Jun 2, 2025 Listed by WHEELER STEFFEN SOTHEBY'S INT $720,000
Listed by WHEELER STEFFEN SOTHEBY'S INT
Welcome to Edelweiss Chalet — a beautifully remodeled 3-bedroom, 3.5-bath home where mountain comfort meets refined elegance. Thoughtfully upgraded with high-end fixtures and tasteful finishes, this home offers a seamless blend of rustic charm and modern luxury. Surrounded by nature, the indoor and outdoor living spaces are designed to let you fully embrace the serene mountain lifestyle. Ideally located just moments from the lake and village and comes with full lake rights. Enter through the front door adorned with a charming Edelweiss stained glass window, you're welcomed by soaring vaulted ceilings and a dramatic wall of windows that flood the space with natural light. The main level features a warm and inviting living room with a stunning stone fireplace and updated flooring throughout. The dining area opens to an expansive deck through double sliding glass doors, perfect for indoor-outdoor entertaining. The chef’s kitchen is a true showpiece, fully renovated with custom cabinetry, quartz countertops, designer tile backsplash, a copper sink, premium appliances, a central island, and stylish new lighting. The primary en suite bedroom is a luxurious retreat. Upstairs, you’ll find another private en suite bedroom, offering comfort and seclusion. The lower level hosts a third en suite bedroom that opens to a shaded deck, providing a peaceful retreat. This space also presents the potential to be converted into a guest suite with its own entrance—perfect for hosting friends and family or creating a future ADU. The property offers generous level parking, potentially accommodating a boat trailer, with the added convenience of just three steps leading into the home. Don’t miss the charming detached shed—perfect as a craft room, a he/she shed, or simply for additional storage. Equipped with modern amenities including a generator, tankless water heater, full security system with viewing station/integrated sound system, and so much more. The best of mountain living awaits you _______________________________________
Apr 5, 2022 No longer available -
No longer available
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Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 50
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 137
  • Pool Type: 0
  • Location Influence Type: 224

    Dimensions

  • Lot Size Square Feet: 8,420
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 750
  • Total Building Area: 900
  • Gross Building Area: 900
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 6
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARROWHEAD WOODS
  • Land Acres: 0000000193
  • Standard Land Use Code: 1001
  • County Land Use Code: 0510
  • Legal Description 1: TR NO 2500 ARROWHEAD WOODS NO 62 LOT 92 EX WATER RIGHTS

Neighborhood

  • School District Name: Rim of the World Unified School District
  • Census Tract: 010906

Zoning

  • Zoning: LARS14M

Geography

  • Assessors Map Reference: 94-A4
  • District: 17
  • Subdivision Tract Number: 2500
  • Parcel: 0335-092-01-0000
  • Lot: 92
  • Municipality: TWIN PEAKS
  • Latitude: 34.246
  • Longitude: -117.193

    Address

  • Full Address: 27942 Rainbow Dr
  • Address - House Number: 27942
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Lake Arrowhead
  • Zip Code: 92352

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $418,342
  • Initial Tax Delinquent Year: 2023
  • Tax Rate Code Area: 105-017

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 698,751
  • High Value: 825,084
  • Low Value: 572,419

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $709,104
  • Assessed Land Value: $141,821
  • Assessed Improvements Value: $567,283

    Sales

  • Current Sale Contract Date: Mar 30, 2022
  • Current Sale Recording Date: Apr 04, 2022
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 126167
  • Previous Sale Recording Date: Sep 13, 2019
  • Previous Sale Contract Date: Sep 10, 2019
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake Arrowhead


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Frequently Asked Questions

When was property at 27942 Rainbow Drive built and last sold?
The property at 27942 Rainbow Drive was built in 1968 and last sold on Mar 30, 2022 for $695,500.
How much is this home worth?
The estimated value of the home located at 27942 Rainbow Drive is $649,530.
What are some comparable homes to 27942 Rainbow Drive?
There are currently no comparable homes to 27942 Rainbow Drive.