Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    137 Ml, Unit Pond Lake Arrowhead, CA 92352

    Sponsored
    For Sale
    $299,000

    Land/Lot - Lake Arrowhead, CA

    Lot size:
    9,450.00 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 31 at 5:06 am

    Property Features for 137 Ml

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Resi
    APN
    0331561120000
    Exterior features
    Community Features Included: Blm/National Forest, Lake, Mountainous
    Lot size
    9,450.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michelle Calkins

    Coldwell Banker Sky Ridge Realty (909) 336-2131

    Listing agent Michelle Calkins (909) 336-2131 License #01927513

    Listing date Jan 30, 2026

    MLS# IG26022208 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Arrowhead Homesite with Views

    Located within the private gates of the Mill Pond community, this homesite offers the opportunity to build a custom two- or three-story residence. The property provides west-facing views of Lake Arrowhead and the surrounding mountain ridgeline. Designed for a future home with level-entry access, the lot is positioned to take advantage of sunsets over the lake. The 0.21-acre lot has been recently surveyed, making property boundaries easy to identify. Mill Pond is known for commanding premium values on new construction. Residents have access to underground utilities, high-speed internet, maintained private roads, and common green space. The property is minutes from Lake Arrowhead Village, the Marina, lakeside trails, and dining. The property lies within the lake rights boundary, providing access to Lake Arrowhead and its amenities, while also being moments from the National Forest. This lot is not governed by the Arrowhead Woods Architectural Committee, offering design flexibility under Mill Pond’s CC&Rs. The property is intended for residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lake Arrowhead
    County
    San Bernardino
    State
    California
    Longitude
    -117.179
    Latitude
    34.2461

    Nearby Similar for Sale

    • $250,000

      Lake Arrowhead Boat Slip

      Boat slip with entertaining platform, close to lake access.
      S432A - Palisades Dr, Lake Arrowhead, CA 92352
      View Details
    • $750,000

      Mixed-Use Property with Rental Business

      3,066 SF building with business for sale in Lake Arrowhead.
      26325 Pne Ave, Lake Arrowhead, CA 92378
      View Details
    • $265,000

      North Bay Double Dock

      Rare opportunity to own a dock with lake views.
      N306-B North Bay/Tavern Bay, Lake Arrowhead, CA 92352
      View Details
    • $165,000

      Lake Arrowhead Marina Slip

      Ideally situated marina slip with lake views and amenities.
      Nsm#1-4 Shore/173 North, Lake Arrowhead, CA 92352
      View Details
    • $154,900

      Lake Arrowhead Dock in Meadow Bay

      Dock in a secure, scenic Lake Arrowhead cove.
      Slip, Lake Arrowhead, CA 92317
      View Details
    • $155,000

      Lake Arrowhead Dock Slip

      Dock slip in Meadow Bay, Lake Arrowhead, California.
      MBM3 S14 Bay North, Lake Arrowhead, CA 92352
      View Details
    • $140,000

      Meadow Bay Dock Slip

      Newer Trex dock slip in Meadow Bay.
      3 Mbm 12- Dock, Lake Arrowhead, CA 92352
      View Details
    • $170,000

      Lake Arrowhead Dock Slip

      Desirable dock slip on Lake Arrowhead with convenient amenities.
      Dock Dm 3, Lake Arrowhead, CA 92352
      View Details
    • $317,000

      Emerald Bay Half-Double Dock

      Newer dock in Emerald Bay with deep water access.
      568 S568-B, Lake Arrowhead, CA 92352
      View Details
    • $155,000

      Lake Arrowhead Boat Slip

      Multiple boat slip in Lake Arrowhead's Meadow Bay.
      Mbm 13, Lake Arrowhead, CA 92352
      View Details
    • $170,000

      Lake Arrowhead Marina Private Dock

      Private dock in Lake Arrowhead Marina area. Lakeside escape.
      Nsm 1, Lake Arrowhead, CA 92352
      View Details
    • $350,000

      North Bay Deep Water Dock

      Desirable deep water dock in Lake Arrowhead's North Bay.
      North Bay Dock N-509B, Lake Arrowhead, CA 92352
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Exceptional homesite with lake views in a coveted community.
    Where is this residential land & home lot located?
    The property is located at 137 Ml, Unit Pond Lake Arrowhead, CA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Sweeping west-facing views of Lake Arrowhead and mountain ridgeline, designed to capture golden-hour sunsets.; - Unmatched location: Minutes from Lake Arrowhead Village, the Marina, lakeside trails, and dining.; - Located within the private, gated Mill Pond community, known for premium values and a serene setting.
    (909) 336-2131
    Request Owner's contact information
    137 Ml, Unit Pond Lake Arrowhead, CA 92352
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    137 Ml, Unit Pond
    Lake Arrowhead, CA 92352
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 Ml, Unit Pond Lake Arrowhead, CA 92352
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michelle Calkins
    Real Estate License ID: 01927513
    (909) 336-2131
    Learn more
    Google sign-in failed. Please try again or use another login method.