1256 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1256 Grass Valley Subject | $525,000* List Price | 3 | 2 | 1,530 | $291 | - |
A 1289 Aleutian Sold | $442,000 | 2 | 2 | 1,472 | $300 | 0.1 mi |
B 1190 Klondike Sold | $433,000 | 3 | 2 | 1,240 | $349 | 0.2 mi |
C 26669 Modoc Lane Sold | $550,000 | 3 | 2 | 1,760 | $313 | 0.8 mi |
D 27300 Bernina Sold | $435,000 | 3 | 2 | 1,422 | $306 | 0.7 mi |
E 27121 Peninsula Drive Sold | $380,000 | 3 | 2 | 1,452 | $262 | 0.8 mi |
F 117 A Active | $499,000 List Price | 3 | 2 | 1,560 | $320 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1530, other record living area = 1125.
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.
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.
Lake Rights, big mountain views, and the space to enjoy it all — this Lake Arrowhead home delivers the kind of setting buyers come to the mountains for. Beautiful treetop and mountain views, privacy, and a flexible layout make this home ideal for mountain living. The main level features a warm and inviting living area that captures the natural setting, a well-positioned kitchen, and a convenient main-floor suite. With 3 bathrooms, the home offers comfort and practicality for full-time living, weekend use, or hosting guests. Downstairs, a large game room provides additional space for entertaining, recreation, movie nights, or relaxing after a day at the lake. With its scenic setting, usable floor plan, Lake Rights, and classic mountain appeal, this home is a standout opportunity in Lake Arrowhead.
No exterior & parking available.
Grades PK-5 • 2.0 mi
Grades K-5 • 5.5 mi
Grades K-5 • 8.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,530 | 1,995.5 | 25% |
| Lot Size | 7,750 | 9,857 | 23% |
| Price | $525.0K | $683.5K | 29% |
| Price per sq ft | $343 | $344 | 49% |
| Built year | 1979 | 1978 | 52% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 213 | 21% |
Mar 20, 2026
$525,000
$549,000
-4% Price Drop
Initial Listing
Feb 6, 2026
$549,000
Initial Listing
Oct 24, 2022
$510,000
Public Record
Dec 24, 2007
$249,000
Public Record
Aug 31, 2006
$470,000
Public Record
Apr 12, 2006
$336,000
Public Record
Jul 25, 2001
$190,000
Public Record
Apr 27, 2001
$8,000
Public Record