1227 Portillo Lane, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This Value-Add Mountain Cabin is listed at $585,000, representing a strategic entry into the exclusive Arrowhead Woods market relative to its $444,565 Fair Market Value. While currently holding a Poor Condition Rating due to its original 1985 finishes, the property offers significant upside through modernization. The asset is defined by its Coveted Lake Rights, a Renovated Parking Deck, and a rare Expansion Opportunity with adjacent lots. Located near Lake Arrowhead Elementary, this builder-owned retreat is a high-potential acquisition for Value-Add Investors or Visionary Homeowners.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 Portillo Lane Subject | $585,000* List Price | 3 | 3 | 1,760 | $253 | - |
A 1159 Yellowstone Sold | $492,500 | 3 | 3 | 1,441 | $342 | 0.9 mi |
B 1310 Montreal Drive Sold | $530,000 | 3 | 2 | 1,728 | $307 | 0.2 mi |
C 28252 Bern Lane Sold | $545,000 | 4 | 3 | 1,870 | $291 | 0.2 mi |
D 28691 Quebec Sold | $585,000 | 3 | 3 | 1,911 | $306 | 0.5 mi |
E 27581 St Bernard Sold | $485,000 | 3 | 2 | 1,344 | $361 | 1.0 mi |
F 1419 Calgary Active | $610,000 List Price | 3 | 3 | 1,592 | $383 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 39 years old (built 1985) and remains in original condition. While the listing notes it has been well-maintained, the kitchen, bathrooms, and major systems are nearly four decades old, meeting the criteria for 'poor' condition due to the age and the need for a full modernization rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11700, living area = 1760.
Located in the exclusive Arrowhead Woods subdivision, this property includes highly sought-after lake rights, providing private access to Lake Arrowhead amenities and significantly enhancing long-term investment value.
As a builder-owned home held by the original owners since 1985 and never used as a rental, the property reflects a level of care and structural integrity rarely found in the mountain market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1760, other record living area = 1280.
While well-maintained, the home remains in its original 1985 condition, requiring a significant budget for modernization and cosmetic upgrades to meet contemporary design standards.
Despite the newly renovated parking deck, the classic cabin design involves stairs for access, which may pose challenges for buyers seeking single-level living or easier entry.
Offered for the first time since its construction in 1985, this privately held builder-owned cabin presents a rare opportunity in Arrowhead Woods possessing those coveted Lake Rights. Built and lovingly maintained by its original owners and never operated as a rental property, the home has served exclusively as a family mountain retreat for nearly four decades, a distinction that is increasingly uncommon in today’s market. Situated on just over a quarter acre with easy year-round access, the 1,760-square-foot home features 3 bedrooms and 2.5 bathrooms within a classic custom cabin-style design. Preserved in its original condition, the home offers authentic mountain character and a clean architectural canvas for thoughtful modernization, while the 2-car parking deck and stairs have just undergone full renovation. The lot provides privacy and usable space, while its Arrowhead Woods location grants access to Lake Arrowhead’s private amenities, a significant advantage for both lifestyle and long-term value. Partly furnished and waiting for the next chapter, welcome home! But wait... Transform this retreat into a true family legacy; with two additional vacant lots available on the same street, a unique opportunity exists to build out the ultimate multi-generational escape.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 7.1 mi
Grades K-5 • 7.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,760 | 1,995.5 | 40% |
| Lot Size | 11,700 | 9,897 | 72% |
| Price | $585.0K | $683.5K | 36% |
| Price per sq ft | $332 | $344 | 42% |
| Built year | 1985 | 1978 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 101 | 213 | 15% |
Feb 26, 2026
$585,000
Initial Listing