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784 PINE CREEK Drive
About This Property
Step outside to the newly installed Trex deck and experience true lakefront living. A convenient ramp leads directly to your private boat dock, while the attached ramada is wired and structurally supported for a future hot tub. Recent updates include the roof, gutters, and skylights, providing added peace of mind. Whether you're enjoying morning coffee, hosting friends, or spending the day on the water, this exceptional Rainbow Lake property delivers the mountain lake lifestyle you've been dreaming of.
This home comes FURNISHED
Seller to provide a small list of items that will not convey.
Nothing in the garage conveys, with seller discretion to leave items.
***NOTE the 2018 CanAM Maverick X3 Max that is a 4 seater with just over 2000 miles - Side X Side is available for sale outside of escrow.
The Shores at Rainbow Lake is one of the White Mountains' most sought-after lakefront communities, offering a rare combination of mountain serenity and year-round recreation. Residents enjoy beautiful waterfront scenery, towering pines, abundant wildlife, and direct access to Rainbow Lake for boating, fishing, kayaking, and paddleboarding. The peaceful setting provides a true escape from the desert heat while remaining conveniently close to shopping, dining, golf courses, hiking trails, and all the amenities of Pinetop-Lakeside. Whether you're seeking a full-time residence or a seasonal retreat, The Shores offers a unique opportunity to experience the relaxed mountain lifestyle that makes the White Mountains such a special place to call home.
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Cap Rate Calculator
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 4, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Listed by Realty Executives Arizona Territory | $1,150,000 | |
| Listed by Realty Executives Arizona Territory | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017