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400 Merrimack Drive
About This Property
Tucked away at the end of a quiet cul-de-sac and nestled among the trees, this exceptional mountain retreat combines timeless charm with thoughtful upgrades in an unbeatable location - just a short walk to the lake and The Village at Lake Arrowhead. Built by renowned builder Ron Dolman, the home showcases quality craftsmanship and inviting mountain character throughout.
A welcoming covered front porch and desirable level entry lead into a warm, light-filled interior featuring soaring vaulted ceilings accented with dramatic dark wood beams, rich wood flooring throughout, skylights, ceiling fans, and a comfortable layout designed for both entertaining and everyday living. The spacious floor plan includes 4 bedrooms plus an office/den, along with 3 walk-in closets and over 300 square feet of storage space. Primary bedroom suite is located on the main floor.
The beautifully remodeled kitchen and guest bath feature elegant quartzite countertops and stainless steel appliances, blending modern convenience with sophisticated mountain charm. Additional upgrades include surround sound speakers, newer furnace and water heater, air conditioning, and a whole-house generator for year-round comfort and peace of mind.
Outdoor living is equally impressive with five separate seating areas that invite you to relax and enjoy the serene forest setting. Landscape lighting enhances the evening views. Professionally landscaped grounds with front and rear irrigation enhance the property's curb appeal, while the garage features an epoxy floor and custom built-in cabinetry for exceptional organization and functionality.
This is mountain living at its finest - private, beautifully maintained, and close to everything Lake Arrowhead has to offer. Lake Rights included.
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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 28, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by Windermere Real Estate | $950,000 | |
| Listed by Windermere Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017