$1,265,000
●
House -
Off Market
537 Canyon View Road
Lake Arrowhead, CA 92352
4 Beds
3 Baths,
1
Half Bath
3,954 Ft²
$6,526
Est. Monthly
About This Property
Remodeled Lakefront Home with Lake Rights in Lake Arrowhead!
This stunning property, located across from the Lake Arrowhead marina on Papoose Lake, offers unobstructed views of sparkling water and the National Forest. The 17,980 sqft wooded lot provides a serene setting, free from boat recreation in your backyard, making it a peaceful alternative to Lake Arrowhead. Papoose Lake, created with water from Lake Arrowhead, spans 31 acres of tranquil surface area.
The level-entry home features a three-car garage and ample parking. The gated front courtyard, which now includes a newly added spa, is perfect for children to play or for gardening. Inside, the open living space boasts vaulted ceilings and new lighter wood flooring throughout. The living room, with its cozy river rock and brick fireplace, is bathed in natural light from large windows. The expansive dining room offers breathtaking views of snow-capped mountains.
The kitchen strikes the perfect balance of modern and rustic with a live edge slab island. Washing dishes feels like you're overlooking your own private lake and forest. The large deck provides ample space for dining and lounging while taking in the incredible views.
The mid-level features an entertainment family room with a wood-burning fireplace and bar. The ensuite master bedroom includes a gas fireplace, remodeled bath, and oversized closet. Two guest bedrooms and a full bath with an attached deck complete this level.
The bottom level includes a game room, sunroom, powder room, guest bedroom, and full bathroom. Recent updates include all exterior decking (2018), new HVAC with AC (2018, 3-Zones), newer hot water heater with recirculating system, and fresh paint inside and out within the last year. Dual-pane windows and a Generac auto natural gas generator are also included. The oversized garage is perfect for storing a boat.
This property is a successful short-term rental, and the furniture can be included. While there is no dock with the home, it is within walking distance to docks and Peninsula Park & Beach. Don't miss this opportunity to own a piece of paradise in Lake Arrowhead!
This stunning property, located across from the Lake Arrowhead marina on Papoose Lake, offers unobstructed views of sparkling water and the National Forest. The 17,980 sqft wooded lot provides a serene setting, free from boat recreation in your backyard, making it a peaceful alternative to Lake Arrowhead. Papoose Lake, created with water from Lake Arrowhead, spans 31 acres of tranquil surface area.
The level-entry home features a three-car garage and ample parking. The gated front courtyard, which now includes a newly added spa, is perfect for children to play or for gardening. Inside, the open living space boasts vaulted ceilings and new lighter wood flooring throughout. The living room, with its cozy river rock and brick fireplace, is bathed in natural light from large windows. The expansive dining room offers breathtaking views of snow-capped mountains.
The kitchen strikes the perfect balance of modern and rustic with a live edge slab island. Washing dishes feels like you're overlooking your own private lake and forest. The large deck provides ample space for dining and lounging while taking in the incredible views.
The mid-level features an entertainment family room with a wood-burning fireplace and bar. The ensuite master bedroom includes a gas fireplace, remodeled bath, and oversized closet. Two guest bedrooms and a full bath with an attached deck complete this level.
The bottom level includes a game room, sunroom, powder room, guest bedroom, and full bathroom. Recent updates include all exterior decking (2018), new HVAC with AC (2018, 3-Zones), newer hot water heater with recirculating system, and fresh paint inside and out within the last year. Dual-pane windows and a Generac auto natural gas generator are also included. The oversized garage is perfect for storing a boat.
This property is a successful short-term rental, and the furniture can be included. While there is no dock with the home, it is within walking distance to docks and Peninsula Park & Beach. Don't miss this opportunity to own a piece of paradise in Lake Arrowhead!
Unit Size
3,954 Ft²
Days on Market
709 days
Land Size
0.41 acres
Price per sqft
$336
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1995
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (CRMLS #EV24120578)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 3, 2026 | Price Decreased |
$1,329,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| Mar 9, 2026 | Price Decreased |
$1,349,000
↓ $21K
(1.5%) | |
| Price Decreased | |||
| Dec 30, 2025 | Price Decreased |
$1,370,000
↓ $25K
(1.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Arrowhead
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: MEGHAN HARDIN, COLDWELL BANKER SKY RIDGE REALTY
Last Updated: 6 months ago
Data Source: CRMLS, MLS# EV24120578
Last Updated: 6 months ago
Data Source: CRMLS, MLS# EV24120578
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017