Back 283 Owassa Drive
Off Market

283 Owassa Drive

Pocono Lake PA 18347

5
3
2802 sq. ft.
Single-Family
Last sold for $1,330,000
Michael KleinMichael Klein, last sold this property on 12 June 2026 after 65 days on market.

Overview

Welcome to Sunset Horizon, a fully amenitized, newer construction, turnkey lakefront retreat in the highly sought-after and STR-friendly Arrowhead Lakes community—a rare combination of prime location, guest experience, and income potential. This true lakefront property delivers the full waterfront lifestyle, featuring unforgettable views and a strong amenity package, plus an additional 600+ sq ft unfinished space currently being completed, offering a blank canvas for future value-add features. Set yourself apart from the competition with premium outdoor features including private lake access, an expansive deck overlooking the water, a hot tub with lake views, fire pit for year-round enjoyment, and covered outdoor dining—all designed to enhance guest experience and drive bookings. Spanning approximately 3,400 sq ft, the home offers 5 bedrooms and two oversized bonus rooms, providing ample space for large groups, events, and high-revenue stays. Originally designed by an owner/architect with both experience and revenue in mind, the home features a bright, open-concept layout with vaulted ceilings and panoramic lake views, creating a warm yet elevated mountain-lake aesthetic. The spacious living and dining areas are ideal for entertaining, while the fully equipped kitchen easily accommodates large gatherings. Flexible sleeping arrangements—including king suites, a bunk room, and additional guest rooms—maximize occupancy and booking versatility. This property features two large bonus spaces, designed to keep guests engaged year-round. The lower level includes a fully equipped game room, a major driver for family and group bookings. An additional space—currently being converted from the garage—offers the opportunity to create custom, high-impact amenities such as an indoor pool, private theater, or wellness space, allowing you to further increase revenue potential. The indoor pool and movie theater are virtually staged with potential ideas. Located within Arrowhead Lakes, guests enjoy access to 3 community pools, 4 beaches, tennis, basketball and volleyball courts, a playground, lodge, and fitness center, enhancing the overall guest experience and booking appeal. Whether you're seeking a cash-flowing investment, a hybrid vacation home, or a lifestyle property that delivers both enjoyment and returns, this lakefront retreat checks every box. Lakefront properties with this level of size, amenities, and income potential rarely come to market—don’t miss the opportunity to own a true top-performing asset in the Poconos.

Features

5 bedrooms
3 bathrooms
2802 sq. ft. floor area
Single-Family

Estimated Value

Based on this property and similar 5 bedroom single-family properties sold in Pocono Lake over the last 12 months, the estimated median property value of 283 Owassa Drive is $460k.

Median value
$460k
Estimated value range
$310k - $1.33m
Median days on market
57
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Pocono Lake. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 283 Owassa Drive

2026
Sold
$1,330,000
12 Jun 2026 by Michael Klein

Happy sellers in Pocono Lake

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We have insufficient information to provide an overview of customer satisfaction for Pocono Lake. Viewing the agent profiles, reviews and sales for Pocono Lake can provide insights for this location.

Local market activity for 5 bedroom single-family properties in Pocono Lake

In the last 12 months, 16 five-bedroom single-family properties similar to 283 Owassa Drive, have been sold.

This represents a 41% decrease in five-bedroom single-family properties sales when compared to the previous 12 months.

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