Co-own real estate report: Lake Arrowhead, California

It is one of the best-kept secrets on the west coast.

As one of Southern California’s most beautiful areas, Lake Arrowhead is a cozy, quaint area that features a plethora of outdoor recreational activities. Visitors can hike, backpack, bike, water and snow ski, snowboard, fish and so much more. With stunning natural scenery including alpine forests and mountains, many trade in the busyness and stress of Los Angeles for some quiet time in nature.

Located only 90 minutes from Los Angeles, Orange County and San Diego, Lake Arrowhead is an unincorporated town comprised of six communities. The area is flanked by the majestic San Bernardino Mountains, Lake Arrowhead Reservoir, and the National Forest.

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There is a lot to love about Lake Arrowhead, including:

• Beautiful scenic views
• Lake Arrowhead Reservoir
• SkyPark at Santa’s Village
• Excellent shopping and restaurants
• Cozy, mountain resort town
• Outdoor recreational activities for both summer and winter
  

Lake Arrowhead is a year-round paradise with something sure to satisfy everyone.

What makes Lake Arrowhead attractive for co-buying

Located in the San Bernadino National Forest, Lake Arrowhead is known as “The Alps of Southern California.” 

Each year, Lake Arrowhead sees more than 4 million tourists—many of whom are interested in the Lake Arrowhead Country Club, Yacht Club, and SkyPark. With activities in all four seasons, Lake Arrowhead draws a steady stream of visitors year-round. However, its population especially swells on summer holidays such as Memorial Day and Independence Day.

With so many things to do and sights to see, tourism has become a significant income source for the area, providing thousands of part- and full-time jobs and contributing an estimated $78 million per year to the county. This steady – and growing – tourism makes it an extremely attractive place to co-buy a home.

Below are some of the latest real estate statistics for the Lake Arrowhead area.

1.8% increase in median home sale price year over year

$626,000 median home sale price

111 days on the market (on average) before the sale

96.3% sale-to-list price

Short-term rentals in Lake Arrowhead

Lake Arrowhead’s short-term rental statistics include:

81% occupancy rate on Airbnb

$270 average daily rate

$4,500 average monthly revenue on Airbnb

75 / 100 rental demand

76% are entire home rentals

88% of listings are on Airbnb, 5% on Vrbo and 7% are listed on both

Lake Arrowhead is an increasingly popular short-term rental (STR) market. STR regulations and requirements vary by city, so please research or consult with local Lake Arrowhead websites for additional information.

What to see in Lake Arrowhead 

Lake Arrowhead Village

Lake Arrowhead Village is a beautiful shopping center and concert venue located on the breathtaking shores of Lake Arrowhead, California. Originating in the 1920s, this locale has served as a communal hub for residents and tourists alike. It features a mix of more than 50 shops, outlets, restaurants, and specialty stores. The place also hosts many events and festivals throughout the year for Oktoberfest and Christmas, for example.

Strawberry Peak Lookout

Strawberry Peak, which is southwest of Lake Arrowhead, is the site of a historic fire lookout tower that was built in 1933. It is open from Memorial Day to December and provides a 360-degree view of the entire area, including the San Bernadino Valley and the high desert. Many people say it is well worth the trip.

Heaps Park Arboretum

The Heaps Peak Arboretum is a 30-acre, picture-perfect botanical garden offering plenty of exciting activities in nature. You can enjoy a full day of picnicking, hiking through sequoia trees, touring the area with a knowledgeable guide, looking through a wide variety of plants and colorful flowers, shopping for native plants, and taking tons of Instagrammable photos of the beautiful landscape.

SkyPark at Santa's Village

SkyPark at Santa’s Village is an outdoor adventure park offering year-round hiking, fly fishing, mountain biking, and open-air activities in the Skyforest region. Sprawling across 230 acres of natural forest, ponds, an apple orchard, and meadowlands, the area has seasonal entertainment, a historic log cabin, restaurants, and shops.

Lake Arrowhead 

Nearby cities

• Los Angeles – 1.5 hours
• San Diego – 1.5 hours
• Orange County – 1.5 hours
• Las Vegas – 3.5 hours
  

Lake Arrowhead co-buy opportunities

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112 State Highway 173, Lake Arrowhead, CA 92352

Asking price: $509,000

Estimated down payment: $101,800

Estimated mortgage: $2,937

Estimated rental revenue: $2,622/month

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185 N Fairway Drive, Lake Arrowhead, CA 92352

Asking price: $699,900

Estimated down payment: $139,980

Estimated mortgage: $4,038/month

Estimated Airbnb revenue: $2,622/month

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170 Fairway Drive, Lake Arrowhead, CA 92352

Asking price: $829,000

Estimated down payment: $165,800

Estimated mortgage: $4,783/month

Estimated Airbnb revenue: $2,622/month

Sources:

Lake Arrowhead Airbnb calculator

Lake Arrowhead Housing Market

Nestment, Inc. does not guarantee and is in no way responsible for the accuracy of information provided in this blog post. All information is provided “AS IS” and with all faults. Data presented here may not reflect all real estate activity in the market.  While the information on this site is about legal and tax issues, it is not intended as legal or tax advice or as a substitute for the particularized advice of your own attorney and tax professional.

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