1256 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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1256 Grass Valley
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,530Sq Ft
7,750Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$468,509
6% AboveMARKET VALUE
SUMMARY
This Proven Income-Generating Mountain Asset is listed at $525,000, with a valuation anchored by its successful short-term rental history and $457,565 Fair Market Value. Holding a Condition Rating of 4, the property presents clear value-add potential through the modernization of dated kitchen and bathroom finishes. Key features include sweeping treetop and mountain views, a wrap-around deck, and coveted Lake Rights in Arrowhead Woods. Situated in the Rim of the World district near Mary P. Henck Intermediate, this strategic acquisition is ideal for Vacation Rental Investors or Buy-and-Hold Investors.
Estimated Market Value
$468,509
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 |
|---|---|---|---|---|---|---|
★ 1256 Grass Valley Subject | $499,000* List Price | 3 | 3 | 1,530 | $306 | - |
A 1289 Aleutian Sold | $442,000 | 2 | 2 | 1,472 | $300 | 0.1 mi |
B 807 Grass Valley Sold | $434,000 | 2 | 2 | 1,328 | $327 | 0.6 mi |
C 1190 Klondike Sold | $433,000 | 3 | 2 | 1,240 | $349 | 0.2 mi |
D 965 Sandalwood Drive Sold | $514,500 | 3 | 3 | 2,030 | $253 | 0.4 mi |
E 1226 Grass Valley Sold | $629,999 | 3 | 3 | 2,050 | $307 | 0.0 mi |
F 27300 Bernina Sold | $435,000 | 3 | 2 | 1,422 | $306 | 0.7 mi |
G 975 Teakwood Drive Active | $549,000 List Price | 3 | 3 | 1,600 | $343 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, this property is over 45 years old and shows dated interior finishes, particularly in the bathrooms which feature older slate tile countertops and cabinetry. While the home is functional and currently used as a successful short-term rental, the listing description acknowledges the kitchen needs 'refinement over time,' and exterior elements like the deck and driveway show visible wear and aging consistent with a 'Fair' rating.
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 = 7750, living area = 1530.
- Lake Rights & Location
Located in the prestigious Arrowhead Woods subdivision, this property includes coveted Lake Rights, providing exclusive access to private lake amenities and enhancing long-term value.
- Proven Income Potential
The home features a strong short-term rental history, making it an attractive turn-key opportunity for investors or owners looking to offset costs through vacation rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1530, other record living area = 1125.
- Dated Interior Elements
Built in 1979, the kitchen and living spaces are described as functional but likely require cosmetic updates and modernization to maximize the home's full aesthetic potential.
- Recent Price Adjustment
A recent reduction from the original list price of $549,000 to $525,000 may indicate initial overpricing or a need to stimulate buyer interest in a competitive segment.
About 1256 Grass Valley
MOUNTAIN VIEWS, LAKE RIGHTS, AND ROOM TO ENJOY IT ALL! Set among the trees in Lake Arrowhead, this inviting mountain home delivers the space, scenery, and access that make life here so desirable. The main level offers a comfortable living area framed by beautiful treetop and mountain views, creating a peaceful backdrop for everyday living or weekend escapes. A well-positioned kitchen and convenient main-level suite add ease and functionality, while three bathrooms provide plenty of flexibility for family, friends, and guests. Downstairs, the oversized game room expands the living space and gives you endless options for entertaining, movie nights, a second lounge, or a place to relax after a day on the lake. Whether you are searching for a full-time residence, mountain getaway, or a place to gather and recharge, this home offers a versatile floor plan, classic mountain character, and the added benefit of Lake Rights. With sweeping views, generous living space, and a price positioned to move, this is a Lake Arrowhead opportunity worth seeing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 7,750 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 • 2.0 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.5 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 8.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,530 | 2,015.827 |
| Lot Size | 7,750 | 10,163.827 |
| Price | $499.0K | $655.9K |
| Price per sq ft | $326 | $341 |
| Built year | 1979 | 1980 |
| HOA | $0 | $544 |
| Days on market | 215 | 78 |
Pricing History
Listed for Sale
Jul 16, 2026
$499,000
$525,000
-5% Price Drop
Initial Listing
Price Change
Mar 20, 2026
$525,000
$549,000
-4% Price Drop
Initial Listing
Price Change
Feb 6, 2026
$549,000
Initial Listing
Sold
Oct 24, 2022
$510,000
Public Record
Sold
Dec 24, 2007
$249,000
Public Record
Sold
Aug 31, 2006
$470,000
Public Record
Sold
Apr 12, 2006
$336,000
Public Record
Sold
Jul 25, 2001
$190,000
Public Record
Sold
Apr 27, 2001
$8,000
Public Record