1083 Nadelhorn Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
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Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $505,000—positioned well above the $381,521 Fair Market Value by -32%. Featuring a Fair Condition Rating, this 1973 build requires significant capital improvements to modernize its systems. The expansive 15,420-square-foot lot and basement flex space offer substantial value-add potential for those capable of executing a comprehensive renovation. Located near the lake with scenic tree views, this asset is best suited for Buy-and-Hold Investors or Contractors seeking a project with long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1083 Nadelhorn Drive Subject | $485,000* List Price | 2 | 2 | 1,206 | $311 | - |
A 27390 Oakwood Sold | $434,000 | 3 | 2 | 1,206 | $360 | 0.9 mi |
B 1190 Klondike Sold | $433,000 | 3 | 2 | 1,240 | $349 | 0.4 mi |
C 27581 St Bernard Sold | $485,000 | 3 | 2 | 1,344 | $361 | 0.3 mi |
D 27352 Alpen Drive Active | $499,908 List Price | 4 | 2 | 1,470 | $340 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1973 (50+ years old) and shows no evidence of major renovations in the provided data or images. While the listing description claims it is an 'excellent home,' the age exceeds the 30-year threshold for the 'poor' category, and the visible laundry area and exterior finishes appear dated, suggesting the need for significant rehab and updates to major systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15420, living area = 1206.
Situated in the desirable Arrowhead Woods subdivision and located in close proximity to the lake, this property offers the quintessential mountain lifestyle with sought-after lake access rights.
In addition to the primary two bedrooms, the home features a large basement with a bedroom and half bath, providing excellent flexibility for a guest suite, home office, or hobby room.
Built in 1973, the home may require updates to its original systems or cosmetic finishes to meet modern aesthetic standards and energy efficiency expectations.
With the third bedroom located in the basement, the floor plan may be less ideal for buyers seeking a traditional layout with all sleeping quarters on a single level.
EXCELLENT HOME IN LAKE ARROWHEAD! WITH 2 BEDS AND 2 BATHS. ALSO INCLUDES A BIG BASEMENT WITH A BEDROOM AND A HALF BATH! IT IS LOCATED CLOSE TO THE LAKE!! COME AND ENJOY THE TRANQUILITY OF NATURE!!!
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.0 mi
Grades K-5 • 7.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 8% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,206 | 1,995.5 | 11% |
| Lot Size | 15,420 | 9,897 | 88% |
| Price | $485.0K | $683.5K | 22% |
| Price per sq ft | $402 | $346 | 70% |
| Built year | 1973 | 1978 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 212 | 1% |
Jun 1, 2026
$485,000
$505,000
-4% Price Drop
Initial Listing
May 9, 2026
$505,000
Initial Listing
Jul 1, 2005
$319,000
Public Record
Sep 9, 2003
$227,000
Public Record
Jan 14, 1994
$145,000
Public Record