1213 Montreal Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 5 bath
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Lake Arrowhead, California 92352
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1213 Montreal Drive Subject | $1,050,000* List Price | 5 | 5 | 3,185 | $360 | - |
A 28834 Zion Drive Sold | $825,000 | 4 | 3 | 2,600 | $317 | 0.4 mi |
B 929 Lucerne Lane Sold | $1,200,000 | 4 | 4 | 2,894 | $415 | 0.3 mi |
C 1027 Pintail Circle Sold | $1,014,750 | 3 | 4 | 2,635 | $385 | 0.3 mi |
D 1254 Calgary Active | $950,000 List Price | 4 | 4 | 3,272 | $290 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Despite extensive interior remodeling, the 1979 build date may imply older structural elements or insulation standards compared to modern mountain luxury constructions.
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.
This beautifully updated 3,200 sq ft, 5-bedroom, 5-bath luxury retreat sits on a generous 0.41-acre lot in the prestigious Arrowhead Woods community. Offering modern comforts, expansive spaces, & strong income potential as a fully permitted Short-Term Rental (STR), this home defines mountain elegance. 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 • Prime location: 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 Elegant Interior The gourmet kitchen with custom built-ins flows into an open-concept great room featuring a warm fireplace, perfect for both intimate gatherings & grand entertaining. The spacious primary suite includes a luxurious bathroom with jetted tub and large walk-in closet. The upper level offers three additional bedrooms and two full baths. Downstairs features another bedroom, full bathroom, & a large bonus room ideal for a game room, executive office, home theater, or private retreat. A separate laundry room accommodates full-size appliances. Premium Upgrades Many recent upgrades include a 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. This exceptional home blends timeless mountain charm with contemporary luxury. It works equally well as a primary residence, multigenerational estate, or high-yield vacation rental. The active STR permit combined with coveted deeded lake rights delivers outstanding lifestyle and investment value. Location & Lifestyle Just 15 minutes from Lake Arrowhead Village and surrounded by world-class hiking, boating, skiing, biking, and off-roading. Enjoy spectacular stargazing and the serene beauty of the mountains. A rare turnkey opportunity.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 7.0 mi
Grades K-5 • 7.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,185 | 2,126 |
| Lot Size | 18,000 | 9,850 |
| Price | $1.05M | $669.1K |
| Price per sq ft | $330 | $346 |
| Built year | 1979 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 16 | 92 |
Jul 6, 2026
$1,050,000
Initial Listing
Dec 8, 2023
$788,000
Public Record
Jun 12, 2020
$387,000
Public Record
Oct 13, 2000
$360,000
Public Record
Nov 25, 1996
$330,000
Public Record