357 Mittry
About This Property
Tucked into one of Lake Arrowhead's most charming neighborhoods, Mittry Lodge offers the perfect blend of thoughtful design and relaxed luxury. Just a short walk to the lake and village, the location is ideal for enjoying the very best of the mountain lifestyle.
Built in 2021 as a high end vacation rental and second home, the home is fully dialed in for short term rentals and effortless second home use. Every detail was carefully curated to create a true retreat, with level entry and direct level access from the two car garage into the home, a rare and highly desirable feature in the mountain.
With generous parking and a rare five bedroom layout spanning three spacious levels, the floor plan is designed to comfortably accommodate larger groups while maintaining privacy and functionality. Step inside to a light filled living room framed by glass and surrounded by towering pines. Centered around a cozy fireplace, the space flows seamlessly into the dining area and chef's kitchen, complete with European style cabinetry, quartz countertops, stainless steel appliances, and a large island designed for entertaining.
Upstairs, you'll find three en suite bedrooms, some offering peekaboo lake views, along with a furnished deck and a second fireplace, perfect for quiet mornings or evening relaxation. The lower level offers a second living room with a dedicated workspace, two additional bedrooms with a shared bath, and a full laundry room with dual washers and dryers, ideal for rental turnovers.
Each bathroom features quartz countertops, designer fixtures, and spa inspired finishes. Outdoor living is equally thoughtful, with three fully furnished decks offering lounge seating, fire pits, dining areas, and a stainless steel BBQ, creating multiple zones for guests to gather and unwind.
Additional highlights include dual water heaters, air conditioning, an EV charger, and systems already in place to support seamless short term rental operations. Located just a 10 minute walk to the lake and village, Mittry Lodge is being offered fully furnished and turnkey, ready to go from day one and perfectly positioned for both personal enjoyment and income potential.
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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%.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 17, 2026 | In contract | - | |
| In contract | |||
| Dec 15, 2025 | Listed by KELLER WILLIAMS LAKE ARROWHEAD | $1,750,000 | |
| Listed by KELLER WILLIAMS LAKE ARROWHEAD | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017