1213 Montreal Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 5 bath
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1213 Montreal Drive
Lake Arrowhead, California 92352
ACTIVE
CONDITION: EXCELLENT
5Beds
5Baths
3,185Sq Ft
18,000Lot Size
Property Price
LIST PRICE$990,000
EST. MARKET VALUE
$1,050,000
5% BelowMARKET VALUE
SUMMARY
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,146,911 Fair Market Value by 8%. This valuation gap offers $96,911 in Instant Equity for the buyer. Featuring Deeded Lake Rights, a gourmet kitchen, and a private hot tub, the property maintains an Excellent Condition Rating. With its active Short-Term Rental permit and expansive wrap-around deck, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, move-in ready mountain sanctuary.
Estimated Market Value
$1,050,000+$60,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1213 Montreal Drive Subject | $990,000* List Price | 5 | 5 | 3,185 | $330 | - |
A 28710 Bryce Sold | $1,270,000 | 4 | 3 | 3,199 | $397 | 0.2 mi |
B 28834 Zion Drive Sold | $825,000 | 4 | 3 | 2,600 | $317 | 0.4 mi |
C 1201 Voltaire Sold | $795,000 | 3 | 3 | 2,035 | $391 | 0.5 mi |
D 1027 Pintail Circle Sold | $1,014,750 | 3 | 4 | 2,635 | $385 | 0.3 mi |
E 1254 Calgary Active | $950,000 List Price | 4 | 4 | 3,272 | $290 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1979, the property has undergone extensive recent renovations (likely <5 years) including a gourmet kitchen with new countertops and appliances, updated luxury bathrooms, and critical system upgrades such as a new electrical panel, central A/C, and water heater. The interior features modern flooring, designer lighting, and is in mint, turnkey condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18000, living area = 3185.
- Deeded Lake Rights & STR Potential
The property includes coveted deeded lake rights for private beach and boating access, combined with a fully permitted Short-Term Rental status, offering significant investment and lifestyle value.
- Extensive Modern Upgrades
This turnkey home features comprehensive recent improvements, including a new electrical panel, central A/C, commercial-grade fixtures, and a gourmet kitchen, minimizing immediate maintenance needs.
CONSRISKS & DEFICIENCIES
- 1979 Original Construction
Despite extensive interior remodeling, the 1979 build date may imply older structural elements or insulation standards compared to modern mountain luxury constructions.
- Average Local School Ratings
While the property is conveniently located near schools, the local school ratings (ranging from 3 to 6) may be a consideration for families prioritizing high-performing educational districts.
About 1213 Montreal Drive
PRICE IMPROVED — Now $990,000. Beautifully updated 3,200 sq ft, 5-bedroom, 5-bath luxury retreat on a generous 0.41-acre lot in prestigious Arrowhead Woods. Modern comfort, expansive living spaces, and strong income potential as a fully permitted Short-Term Rental (STR). Standout Features • Deeded Lake Rights: private access to Lake Arrowhead, Tavern Bay Beach, beach clubs, boating, and waterfront recreation • Expansive wrap-around balcony and deck with dramatic pine tree and mountain views • Game room/den ideal for entertaining, movie nights, or a home office • Private access road with spacious grounds including park benches, picnic table, and shed (sauna conversion potential) • Three driveways, 3-car garage with showroom epoxy flooring, plus ample RV parking • Direct backyard path to elementary school, 2-minute drive to the lake, and 3-minute drive to hospital and fire station • Easily plowable road with delivery truck access; fully furnished option available. Interior: Gourmet kitchen with custom built-ins opens to a great room with fireplace — equally suited to quiet evenings and large gatherings. Primary suite with luxurious bath, jetted tub, and large walk-in closet. Upper level: three additional bedrooms and two full baths. Lower level: bedroom, full bath, and large bonus room (game room, office, theater, or private retreat). Separate laundry for full-size appliances. Recent Upgrades: New electrical panel, water heater, central A/C, all major appliances (refrigerator, freezer, stove, dishwasher, wine fridge, washer/dryer), commercial-grade toilets, faucets, sinks, countertops, hot tub, garage epoxy floor, advanced ventilation, basement flooring, ceiling fans, and designer lighting. Works as a primary residence, multigenerational home, or high-yield vacation rental. Active STR permit plus deeded lake rights deliver both lifestyle and investment value. Just 15 minutes from Lake Arrowhead Village, with world-class hiking, boating, skiing, biking, and off-roading nearby. Spectacular stargazing and mountain serenity. A rare turnkey opportunity — now priced under $1 million.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 18,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 0.2 mi
4/10
Charles Hoffman Elementary School
Grades K-5 • 7.0 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 7.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,185 | 2,015.827 |
| Lot Size | 18,000 | 10,163.827 |
| Price | $990.0K | $655.9K |
| Price per sq ft | $311 | $341 |
| Built year | 1979 | 1980 |
| HOA | $0 | $544 |
| Days on market | 65 | 78 |
Pricing History
Listed for Sale
Sep 2, 2026
$990,000
$1,050,000
-6% Price Drop
Initial Listing
Price Change
Jul 6, 2026
$1,050,000
Initial Listing
Sold
Dec 8, 2023
$788,000
Public Record
Sold
Jun 12, 2020
$387,000
Public Record
Sold
Oct 13, 2000
$360,000
Public Record
Sold
Nov 25, 1996
$330,000
Public Record