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30029 Enchanted
About This Property
Attention investors, builders, and developers - this is your chance to secure a 0.30-acre parcel in the growing Running Springs market. Located at the end of a quiet cul-de-sac, this property offers privacy, usable space, and strong potential for future value in a high-demand mountain community.
Whether you're looking to build a short-term rental, vacation home, or resale project, this lot checks the boxes for location and desirability. Running Springs continues to attract buyers seeking affordable alternatives to Lake Arrowhead and Big Bear, making this an ideal entry point into the mountain market.
Positioned just minutes from town, schools, and year-round recreation, this parcel offers both convenience and appeal for future buyers or renters. With continued demand for STR-friendly properties and second homes, opportunities like this are becoming harder to find at this price point.
Priced to move and ready for your next project - secure it now before the next wave of mountain market demand.
Buyer to verify all information including utilities, zoning, building requirements, and intended use to their own satisfaction.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Listed by Century 21 Masters | $55,000 | |
| Listed by Century 21 Masters | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017