31420 Rabbit Springs Lane
Lucerne Valley, CA, 92356
$475,000
MLS: HD26054187
Beds
5
Baths
3
Sq Ft
3,784
Lot
5.00 ac
Year Built
1984
MLS #
HD26054187
Days on Market
5
Listed
Mar 14, 2026
Description
This property has two homes on 5 acres with a three-car detached garage. Offering stunning desert views and incredible flexibility for multi-generational living, rental income, or a peaceful private retreat. The main residence is a spacious three-story home offering approximately 3,024 square feet with a fully finished basement. The home includes 4 bedrooms, 2 bathrooms, a bonus room, a living room, and a family room, creating a flexible layout for a variety of living arrangements. The main level features a full bathroom, laundry room, and a handicap-accessible ramp for added accessibility and convenience. Downstairs, the finished basement offers additional character with a built-in china and wine cabinet and a Hammond organ. The versatile floor plan allows the lower-level room to function as a primary bedroom, formal dining room, entertainment space, or potential rental area, depending on your needs. The home is topped with a durable Alcoa aluminum shingle roof designed for lifetime performance and styled to resemble tile. Outdoor living spaces include two covered decks and one open deck, perfect for enjoying the peaceful surroundings and breathtaking desert views. The property also features a separate 760-square-foot single-story guest home built in 2000. This charming second residence includes 1 bedroom, 1 bathroom, a family room, a breakfast nook, and a full kitchen. The home features a cozy wood-burning stove, is wired for cable and WiFi, and includes an interior sprinkler system for added safety. The guest home can come fully furnished if desired. The property includes a solar energy system with 25 panels wired to the main house with a very low monthly lease of $141, which is assumable. Both homes operate independently with their own septic systems, propane tanks, and electric meters while sharing water, supplied by a private well. Approximately 2.5 acres of the property are fenced, offering space for animals, outdoor projects, or additional privacy. Conveniently located just 0.2 miles from a paved road, approximately 25 minutes from Big Bear Lake, and 15 minutes from the Apple Valley shopping centers, this property offers the perfect balance of rural living with nearby amenities. This one will not last long. Schedule your private tour.
Location
Lucerne Valley, San Bernardino County, CA 92356
Open on Google Maps ↗Listed by: Donald Staff · Oasis Realty Group
Payment estimate
$3,600
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $47,500 · Loan: $427,500
- Principal & Interest
- $2,627
- Property tax (1.25%)
- $495
- Homeowners insurance
- $300
- Mortgage insurance
- $178
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lucerne Valley home with as little as 3.5% down using an FHA loan — roughly $16,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Assumable Loan — Lock In a Below-Market Rate＋
This Lucerne Valley property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
Local Market Stats
See Lucerne Valley, CA 92356 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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