
Lake Arrowhead, California 92352
This Turnkey Lake Right Home represents a High-Potential Investment Opportunity, listed at $529,000—positioned above the $471,122 Fair Market Value. While the list price exceeds the current valuation, the property offers significant intrinsic value through its Exclusive Lake Rights, 14,400 sq. ft. lot, and Bonus Room versatility. With a Condition Rating of 4, the home is move-in ready but offers room for cosmetic modernization to drive future appreciation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a mountain lifestyle with immediate rental potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 Acadia Subject | $529,000* List Price | 3 | 2 | 1,782 | $264 | - |
A 28935 Banff Sold | $389,000 | 3 | 2 | 1,712 | $227 | 0.2 mi |
B 1315 Sequoia Drive Sold | $675,000 | 3 | 2 | 1,997 | $338 | 0.3 mi |
C 1403 Yosemite Sold | $620,000 | 3 | 3 | 2,080 | $298 | 0.3 mi |
D 1364 Toronto Drive Sold | $615,000 | 4 | 3 | 2,094 | $294 | 0.4 mi |
E 28833 Manitoba Drive Active | $620,000 List Price | 3 | 3 | 1,612 | $385 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the home is nearly 50 years old. While the listing describes it as 'turnkey' and shows updated wood-look flooring, the kitchen features dated cabinetry and older appliances consistent with a 20+ year old renovation or original build. The property is well-maintained but requires aesthetic updates to the kitchen and baths to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14400, living area = 1782.
As a 'lake right' property in the Arrowhead Woods area, owners gain exclusive access to private lake amenities, beaches, and trails, which is a premium feature in this market.
The home is offered in turnkey condition and includes all furniture, appliances, and tools, providing an immediate move-in experience or a ready-to-list short-term rental opportunity.
Built in 1979, the property may have aging mechanical systems or insulation standards that could require future capital improvements compared to newer mountain constructions.
The assigned public schools for this address have ratings ranging from 3 to 5, which may be a drawback for families prioritizing high-performing educational districts for a primary residence.
Beautiful, turnkey, lake right home! 3 bedrooms, 2 baths, 1,782 sf. ft home, 14,400 sq. ft lot, PLUS.. bonus room. The purchase includes all appliances, furniture, & tools.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades K-5 • 6.6 mi
Grades K-5 • 7.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,782 | 2,015.827 |
| Lot Size | 14,400 | 10,163.827 |
| Price | $529.0K | $655.9K |
| Price per sq ft | $297 | $341 |
| Built year | 1979 | 1980 |
| HOA | $0 | $544 |
| Days on market | 5 | 78 |
Sep 4, 2026
$529,000
Initial Listing
Aug 31, 2018
$295,000
Public Record