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-Producing Mountain Retreat is listed at $549,000, reflecting its established track record as a successful short-term rental in Arrowhead Woods. While the $483,060 Fair Market Value aligns with local averages, the property’s Treetop and Mountain Views and Spacious Game Room justify the investment by driving consistent guest demand. Currently holding a Condition Rating of 4 (Fair), the home is well-maintained but offers "value-add" potential through customization. With Lake Rights and proximity to Rim of the World schools, this is a strategic acquisition for Short-Term Rental Investors or Second-Home Buyers.
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 | $301 | - |
A 1192 Evergreen Lane Sold | $468,000 | 3 | 2 | 1,630 | $287 | 0.2 mi |
B 1289 Aleutian Sold | $442,000 | 2 | 2 | 1,472 | $300 | 0.1 mi |
C 26669 Modoc Lane Sold | $550,000 | 3 | 2 | 1,760 | $313 | 0.8 mi |
D 27121 Peninsula Drive Sold | $380,000 | 3 | 2 | 1,452 | $262 | 0.8 mi |
E 884 Grass Valley Road Sold | $660,000 | 3 | 3 | 1,805 | $366 | 0.5 mi |
F 1033 Nadelhorn Drive Sold | $615,000 | 3 | 3 | 1,700 | $362 | 0.6 mi |
G 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 well-maintained and currently operates as a successful rental, but it retains a 'simple, functional' kitchen and interior that the listing suggests is ready for customization. It fits the 'fair' criteria as an aged home (45 years old) that is functional through regular upkeep but lacks recent major renovations to its primary systems and aesthetic features.
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.
The property is already a successful short-term rental, offering an immediate opportunity for investors or second-home buyers to offset ownership costs.
Positioned to capture serene, long-distance treetop and mountain views, the home provides the quintessential alpine atmosphere that drives high guest demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1530, other record living area = 1125.
The kitchen and interior are described as functional and simple, suggesting that updates may be necessary to compete with higher-end modern mountain retreats.
Built in 1979, the home may require ongoing maintenance or capital improvements to its original systems and exterior to preserve its long-term value.
Experience the quiet beauty of Lake Arrowhead mountain living in this inviting retreat, perfectly positioned to capture serene, long-distance treetop and mountain views that create a true sense of escape. Mornings begin with crisp alpine air and expansive scenery, while evenings settle into peaceful sunsets and star-filled skies an atmosphere guests return to again and again. The main living space feels warm and welcoming, designed to showcase the surrounding landscape and provide comfortable everyday living or relaxing weekend stays. The kitchen offers a simple, functional layout, ready for immediate enjoyment with the opportunity to customize over time. Downstairs, a spacious game room provides flexible recreation space ideal for entertaining, gathering with friends, or creating memorable guest experiences. Most importantly, this home is already a successful short-term rental, offering buyers a meaningful opportunity to offset ownership costs while enjoying personal mountain getaways. With strong guest appeal driven by privacy, scenery, and flexible living space, the property blends lifestyle and investment in one compelling package. Whether you’re searching for a peaceful full-time retreat, weekend escape, or income-producing mountain property, this home delivers the tranquil views, quiet setting, and proven rental potential that define the best of Lake Arrowhead living.
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 | 40% |
| Square foot | 1,530 | 1,952.5 | 24% |
| Lot Size | 7,750 | 9,805 | 22% |
| Price | $525.0K | $690.0K | 31% |
| Price per sq ft | $343 | $346 | 48% |
| Built year | 1979 | 1978 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 226 | 9% |
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