Redfin is joining Rocket

Discover how we're simplifying your journey home.

$650,000

27942 Rainbow Dr Lake Arrowhead, CA 92352

3 beds
3 full, 1 partial
1,454 sqft
0.2 acres
$447 / sqft
House

Property details

About 27942 Rainbow Dr

Welcome to Edelweiss Chalet — a beautifully remodeled 3-bedroom, 3.5-bath home where mountain comfort meets refined elegance. Thoughtfully upgraded with high-end fixtures and tasteful finishes, this home offers a seamless blend of rustic charm and modern luxury. Surrounded by nature, the indoor and outdoor living spaces are designed to let you fully embrace the serene mountain lifestyle. Ideally located just moments from the lake and village and comes with full lake rights. Enter through the front door adorned with a charming Edelweiss stained glass window, you're welcomed by soaring vaulted ceilings and a dramatic wall of windows that flood the space with natural light. The main level features a warm and inviting living room with a stunning stone fireplace and updated flooring throughout. The dining area opens to an expansive deck through double sliding glass doors, perfect for indoor-outdoor entertaining. The chef’s kitchen is a true showpiece, fully renovated with custom cabinetry, quartz countertops, designer tile backsplash, a copper sink, premium appliances, a central island, and stylish new lighting. The primary en suite bedroom is a luxurious retreat. Upstairs, you’ll find another private en suite bedroom, offering comfort and seclusion. The lower level hosts a third en suite bedroom that opens to a shaded deck, providing a peaceful retreat. This space also presents the potential to be converted into a guest suite with its own entrance—perfect for hosting friends and family or creating a future ADU. The property offers generous level parking, potentially accommodating a boat trailer, with the added convenience of just three steps leading into the home. Don’t miss the charming detached shed—perfect as a craft room, a he/she shed, or simply for additional storage. Equipped with modern amenities including a generator, tankless water heater, full security system with viewing station/integrated sound system, and so much more. The best of mountain living awaits you _______________________________________

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusAccepting Backup Offers
(Active Under Contract)
Size1,454 sqft
Lot size0.1933 Acres
Year built1968
ParkingDriveway
MLS #IG25123369
WaterfrontLake Privileges
FireplaceGas Starter, Living Room
ViewNeighborhood, Trees/Woods

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Appliances: Range, Dishwasher, Microwave, Range Hood, Tankless Water Heater
  • Interior: Beamed Ceilings, Cathedral Ceiling(s), Furnished, Living Room Deck Attached, Multiple Staircases, Quartz Counters, Main Level Primary
  • Fireplace: Gas Starter, Living Room
  • Total Bedroom Count: 3
  • Private Pool: No
  • Parking: Driveway
  • Waterfront: Lake Privileges
  • View: Neighborhood, Trees/Woods
  • Architectural Style: Cottage
  • Heating: Forced Air
  • Cooling: None
  • List Price: $650,000
  • Price/SqFt: $447
  • HOA Amount: $0
  • Annual Tax Amount: $7,887
  • Tax Year: 2024
  • Lot: Corner Lot, Sloped Down, Gentle Sloping
  • Directions: From Hwy 18 to Hwy 173 headed toward the village make a left on Rainbow
  • Year Built: 1968
  • Stories: 2
  • Living Area: 1,454 SqFt
  • Lot Size: 0.1933 Acres
  • MLS Number: IG25123369
  • MLS Name: CRMLS
  • Office Name: WHEELER STEFFEN SOTHEBY'S INT
  • Office Phone: (909) 754-9444
  • Listing Agent: Vicky Center

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 2:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Apr 04, 2022
Home Sold
$695,500
Sep 13, 2019
Home Sold
$350,000
Feb 22, 2002
Home Sold
$160,000
Jul 18, 2001
Home Sold
$150,000
Sep 26, 2000
Home Sold
$115,000

Tax history

YearAssessmentProperty Tax
2024$723,286$7,887
2023$709,104$7,887
2022$360,699$4,183
2021$353,626$4,136
2020$350,000$2,789
2019$234,251$2,813
2018$229,658$2,765
2017$225,155$2,715

History based on county public records data.

Nearby schools

4

Lake Arrowhead Elementary School

Public District PK-5

2.1 mi

1300 Golden Rule Ln

5

Valley of Enchantment Elementary School

Public District PK-5

6.4 mi

22836 Fir Ln

5

Charles Hoffman Elementary School

Public District PK-5

6.5 mi

2851 Running Springs Sch Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $57,500. The majority of Lake Arrowhead, CA residents have income less than $<35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

40%
<35k
28%
35k-100k
31%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

40%
Single, No Kids
12%
Single, with Kids
30%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Skiing/snowboardingSkiing/snowboarding
  • BasketballBasketball

Where do the neighbors shop?

  • Stein MartStein Mart
  • BJs Wholesale ClubBJs Wholesale Club
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • PaneraPanera
  • Jasons DeliJasons Deli

What do the neighbors drive?

  • LincolnLincoln
  • InfinitiInfiniti
  • AcuraAcura

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • Adult HitsAdult Hits
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 27942 Rainbow Dr

The listing price of 27942 Rainbow Dr property is $650,000.

The property 27942 Rainbow Dr is a house located in Lake Arrowhead, California, 92352.

Accepting Backup Offers: 27942 Rainbow Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

The nearby schools for 27942 Rainbow Dr are: Lake Arrowhead Elementary School (GreatSchools Rating 4/10), Valley of Enchantment Elementary School (GreatSchools Rating 5/10), Charles Hoffman Elementary School (GreatSchools Rating 5/10), Mary Putnam Henck Intermediate School (GreatSchools Rating 3/10), Serrano Middle School (GreatSchools Rating 3/10), Del Vallejo Leadership and STEAM Academy (GreatSchools Rating 2/10), Mountain High School (GreatSchools Rating 1/10), Rim of the World High School (GreatSchools Rating 7/10), Entrepreneur High School (GreatSchools Rating 4/10).

According to the records, the last property tax for 2024 is $7,887 (source: MLS/based on county public records data).

The last sale was on April 4, 2022 for $695,500 (source: MLS/tax record).

The property at 27942 Rainbow Dr has 3 bedrooms and 3 full and 1 half bathrooms.

The property 27942 Rainbow Dr is 1,454 SqFt (source: MLS/tax record).

The year of construction for 27942 Rainbow Dr is 1968.

This home is located at 27942 Rainbow Dr in Lake Arrowhead, CA and zip code 92352. This 1,454 square foot home, which was built in 1968, sits on a 0.19 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $650,000.

While more than 11 listings in Lake Arrowhead, CA in June 2025 were sold above asking price, there were more than 10 listings sold at asking price, and more than 41 were sold below. The number of listings in Lake Arrowhead, CA increased by 10.3% between May and June 2025. While the average time on the market in June 2025 was 47 days, the median list price was $479,000.

From Rocket Homes Real Estate and based on county public records data.

More resources