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28738 Bryce Drive
About This Property
The inviting open-concept great room showcases soaring vaulted tongue-and-groove wood ceilings, expansive windows that frame the spectacular views, and beautiful new wide-plank wood flooring, creating the perfect Lake Arrowhead ambiance.
The remodeled kitchen is both stylish and functional, featuring granite countertops, updated cabinetry, stainless steel appliances, and seamless flow into the main living area. A beautifully remodeled powder room completes the main level.
Designed to maximize the scenery, the expansive wrap-around deck stretches from the front of the home to the back, offering multiple outdoor living spaces to relax, entertain, and take in panoramic mountain, Pinnacles, and desert city light views.
The first lower level features a spacious primary suite with a full bath and private view balcony, along with two additional guest bedrooms, a second full bathroom, and a generous laundry/utility room.
The lower level offers a cozy family room and a private guest suite with its own bathroom, making it ideal for visitors or multi-generational living. With a little imagination, this level also offers excellent potential for a separate guest quarters or private living space. A large build-up area provides abundant storage.
Situated on a beautifully maintained oversized lot, this exceptional mountain home combines dramatic views, thoughtful upgrades, flexible living spaces, and sought-after Lake Rights. Conveniently located just 1.1 miles from the Cedar Glen boat launch and approximately six minutes to Tavern Bay Beach Club, you'll enjoy easy access to boating, paddleboarding, swimming, and all the recreation and lifestyle that make Lake Arrowhead so special.
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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 |
|---|---|---|---|
| Jul 28, 2026 | Price Decreased |
$775,000
↓ $24K
(3%) | |
| Price Decreased | |||
| Jul 19, 2026 | Price Decreased |
$799,000
↓ $46K
(5.4%) | |
| Price Decreased | |||
| May 7, 2026 | Price Decreased |
$845,000
↓ $14K
(1.6%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by COLDWELL BANKER SKY RIDGE REALTY | $859,000 | |
| Listed by COLDWELL BANKER SKY RIDGE REALTY | |||
| Sep 3, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017