29450 Piney Lane
About This 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 |
|---|---|---|---|
| Aug 16, 2025 | Price Decreased |
$680,000
↓ $50K
(6.9%) | |
| Price Decreased | |||
| Jun 6, 2025 | Listed | $729,999 | |
| Listed | |||
| | |||
|
Welcome to this gorgeous Victorian farmhouse-style home, privately situated with exceptional panoramic views of the surrounding mountains and forest. Thoughtfully designed to capture the natural beauty. Go inside to discover an inviting open kitchen, dining, and living space where the kitchen boasts granite countertops, a center island, and a spacious pantry cabinet. The living room features a brick fireplace and large windows that frame stunning mountain and forest views, with a door leading to the wrap-around deck complete with a permitted new spa deck — perfect for relaxing under the stars. The main floor includes a spacious bedroom and full bathroom, as well as a laundry/mudroom with cabinetry, a second fridge, and ample storage. Wood flooring throughout the home adds to its warmth and charm. Upstairs, you’ll find four additional rooms and two bathrooms, including a roomy primary suite featuring a clawfoot tub with a window view and a separate shower. While the home is a 3-bedroom on title, two additional rooms (without closets) are currently used as bedrooms. The main-level bedroom could also serve as a convenient office or den. Per STR occupancy, this home can host up to 12 guests. The generator, installed in 2021, powers the entire house and spa during outages. The property also features HVAC with two exterior fans. The property includes all furniture with the sale and STR earnings will be provided as an MLS supplement. Enjoy spectacular views of the forest and mountains, just minutes from Lake Arrowhead Village and its vibrant shops, restaurants, and seasonal activities, plus convenient access to local amenities like a gym, steakhouse, and more. Don’t miss this unique opportunity to own a beautiful, income-generating home in an unparalleled setting! SUCCESSFUL Short-Term Rental.
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| Aug 23, 2021 | Sold | ||
| Sold | |||
| Jul 1, 2021 | Listed by RE/MAX LAKESIDE | $549,000 | |
| Listed by RE/MAX LAKESIDE | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017