30
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28833 Manitoba Drive
About This Property
Inside, the home feels comfortable, bright, and made for gathering. The living spaces invite you to settle in after a day on the lake or trail, curl up by the fireplace on a snowy evening, or simply enjoy the beautiful tree and mountain views that change with the seasons. The kitchen and dining areas flow naturally into the living space, while the outdoor deck extends daily living into the fresh mountain air. Whether it is morning coffee surrounded by pines, dinner outside on a summer evening, or a quiet weekend with nowhere you need to be, this is a home designed to be enjoyed.
The spacious primary suite provides a private retreat of its own, with room for a sitting area, den, or home office, along with a private bath, walk-in closet, fireplace, and beautiful mountain views. Two additional bedrooms provide comfortable space for family and guests, making the home equally well suited for full-time living or weekends filled with friends and family.
And then there is the location. Lake rights open the door to the quintessential Lake Arrowhead experience, while the popular 2N75 Forestry Trail is just down the street for morning hikes, dog walks, forest adventures, and miles of outdoor recreation practically outside your door. Lake Arrowhead Elementary is less than half a mile away, and Tavern Bay Beach Club is about a mile from home for swimming, picnics, and summer days at the lake. Nearby MacKay Park adds pickleball, a dog park, playground, gathering spaces, and even more ways to enjoy the outdoors.
With beautiful mountain scenery, lake rights, exceptional access to the forest, and furnishings already in place, this is more than a mountain house waiting for its next owner. It is an opportunity to step into the Lake Arrowhead lifestyle without waiting to make it feel like home.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$620,000
↓ $29K
(4.5%) | |
| Price Decreased | |||
| Jul 19, 2026 | Price Decreased |
$649,000
↓ $16K
(2.4%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$665,000
↓ $9K
(1.3%) | |
| Price Decreased | |||
| May 26, 2026 | Listed by Real Broker | $674,000 | |
| Listed by Real Broker | |||
| Jul 21, 2025 | Listed | $709,990 | |
| Listed | |||
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Stunning & Picturesque Lakeview Retreat with Lake Rights!
Welcome to your dream mountain escape, ideally located on the north side of the lake with exclusive lake rights. Whether it’s rain, shine, or snow, this home offers breathtaking views year-round from its multiple second-story decks.
Take a peaceful stroll along nearby wooded trails, or simply relax while soaking in the serene forest and lake surroundings. The wraparound paved driveway leads you to a spacious backyard and provides double entry access — both front and back.
As you enter through the second-story front door, you’ll find a warm and inviting open-concept layout featuring a cozy living room, modern kitchen with granite countertops and stainless steel appliances, a game room, laundry room, and half bath. From the kitchen, step through the sliding glass doors onto a large private deck, perfect for barbecuing, entertaining, or enjoying the tranquil glamping-style atmosphere.
Downstairs, you’ll find three well-appointed bedrooms and two full bathrooms. Both end bedrooms offer direct access to the backyard, providing seamless indoor-outdoor living.
Additional features include a build-up area under the home, which houses the main water shut-off and offers ample storage.
Currently operating as a fully licensed and insured Airbnb, this home is turnkey and comes fully furnished—ideal as a second home, investment property, or permanent residence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017