365 Mittry Ln Lake Arrowhead, CA 92352
This extraordinary 37.02-acre estate in Lake Arrowhead, California, presents a unique investment opportunity. Situated on the south slope of the Lake Arrowhead Basin, this property boasts exceptional privacy while enjoying proximity to Lake Arrowhead Village and Highway 173. The land is zoned RS-14000 and includes multiple structures. A substantial Ponderosa Lodge offers approximately 3,000 square feet of living space with four bedrooms, sleeping 13+, plus a separate studio apartment (to be verified). An original log Sugar Pine Cabin provides additional sleeping accommodations for nine. A two-bedroom, one-bathroom caretaker's house offers separate living quarters. A newly constructed 6,400 square-foot barn features a 3,200 square-foot event center and 3,200 square-foot equipment storage area (to be verified). Further enhancing the property's versatility is a 200-person amphitheater. Lake access and dock rights are included. The barn's two 3,200 square-foot floors offer flexible space, potentially for meetings, banquets, or an indoor sports court. The lower level provides ample storage and could be adapted for uses such as a collector car showroom or vocational arts training. Utilities include sewer, electric, water, natural gas, phone, and cable, allowing for potential expansion of lodging. The property is ideally located approximately 90 miles east of Downtown Los Angeles, adjacent to shopping, dining, and hotel amenities. This property is perfect for a family compound, corporate retreat, or religious retreat. APN numbers are 0331-191-13, 0331-191-07, 0331-191-18, 0331-164-02, and 0331-354-02. Offered at $6,850,000 and suitable for a 1031 exchange. The land value is $4.47 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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