Lake Arrowhead, CA 92352 27941 Rainbow Drive

PRICE ADJUSTED to $448,900 to reflect the SELLLER'S MOTIVATION and the EXCELLENT OPPORTUNITY, this home presents WITH GREAT INCOME POTENTIAL. Welcome to your MOUNTAIN RETREAT with FULL LAKE RIGHTS, and an ACTIVE Airbnb LICENSE in the heart of beautiful Lake Arrowhead, with a UNBEATABLE LOCATION, just a SHORT Walk to Village Shops & Restaurants, Brewery & Lake Arrowhead Burnt Mill Beach Club. This charming and thoughtfully upgraded home offers 1,088 sq. ft. of cozy living space, situated on a 7,000 sq. ft. lot, surrounded by towering pines and crisp alpine air. Whether you’re looking for a Full-time Residence, Vacation Home, or INCOME-PRODUCING short-term rental, this property is OFFERED FULLY FURNISHED (with exclusions) and ready to enjoy from day one. With THREE BEDROOMS and TWO FULL BATHROOMS, this home offers both comfort and flexibility. The light-filled interior features NEWLY INSTALLED CARPET upstairs, FRESH INTERIOR PAINT, and NEW DUAL-PANE WINDOWS throughout, bringing in natural light while enhancing energy efficiency and comfort year-round. The spacious living area is anchored by a WOOD-BURNING FIREPLACE, perfect for those cozy winter evenings in the mountains. The recently UPDATED KITCHEN is both functional and stylish, with NEW STAINLESS STEEL APPLIANCES (stove and refrigerator), FRESHLY PAINTED CABINETRY, and NEW STONE TILE FLOORING, making it the ideal space for mountain meals and morning coffee. Both BATHROOMS have been TASTEFULLY REMODELED approximately two years ago, offering a clean and refreshed feel. Additional features include a TANKLESS WATER HEATER, CEILING FANS in the upstairs bedrooms (installed just two years ago), and a TREX-STYLE COMPOSITE DECK installed approximately 2.5 years ago, perfect for entertaining or relaxing with tree-top views. Best of all, with FULL LAKE RIGHTS! ENJOY EXCLUSIVE ACCESS to Lake Arrowhead for SWIMMING, KAYAKING, PADDLEBOARDING and BOATING, access to PRIVATE BEACH CLUBS, trails, and all ALA-MAINTAINED AMENITIES a major lifestyle advantage and a HUGE SELLING POINT for VACATIONERS and full-time residents alike. Located on one of Lake Arrowhead’s most picturesque streets, and close to everything this beloved alpine community offers, this is your opportunity to own a piece of the mountain lifestyle. Whether you’re looking for adventure, tranquility, or a smart investment opportunity, this home is ready to deliver it all. Don’t miss your chance to make it yours—schedule your private showing today!