
Lake Arrowhead, California 92352
This Turnkey Craftsman Cottage is a Strong Value Opportunity, listed at $789,000—positioned well above the $727,299 Fair Market Value by 8%. While currently priced above market, the property features an Excellent Condition Rating following a comprehensive renovation, including a Granite Kitchen and Refinished Douglas Fir Floors. Located in the desirable Palisades area with full lake rights and serene Tree/Wood Views, this home offers a premium lifestyle. It is an ideal acquisition for vacation home buyers or lifestyle-focused owner-occupants seeking a move-in ready retreat.
Turnkey 5-bed Lake Arrowhead cottage with full lake rights. Recently renovated Craftsman featuring granite kitchen and serene forest views. Move-in ready retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 177 Joaquin Miller Subject 5 bd · 3 ba · 1,525 sqft · $508 | $775,000* List Price | 5 | 3 | 1,525 | $508 | - |
A 202 Maple Drive Sold 3 bd · 2 ba · 1,885 sqft · $394 · 0.1 mi | $742,500 | 3 | 2 | 1,885 | $394 | 0.1 mi |
B 157 Bret Harte Road Sold 3 bd · 2 ba · 1,863 sqft · $419 · 0.0 mi | $780,000 | 3 | 2 | 1,863 | $419 | 0.0 mi |
C 150 Marshall Road Active 3 bd · 3 ba · 1,490 sqft · $587 · 0.0 mi | $875,000 List Price | 3 | 3 | 1,490 | $587 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1951, this property has undergone a comprehensive recent renovation within the last 5 years. The kitchen features new cabinetry, granite countertops, and stainless steel appliances, while the bathrooms have been updated with new tile and frameless glass showers. With new dual-paned windows, fresh interior/exterior paint, and refinished original flooring, the home is in mint, turnkey condition.
Situated in the desirable Palisades area with full lake rights and walking distance to the water via ALA gate #10, this property offers the quintessential Lake Arrowhead lifestyle near the village and beach clubs.
This 1951 Craftsman 'fairy tale cottage' seamlessly blends historic charm—including original Douglas fir floors and beamed ceilings—with modern updates to the kitchen, bathrooms, and dual-paned windows.
Offered turnkey furnished with professional appointments, this home is an immediate-use vacation retreat or investment property, saving buyers the time and expense of outfitting a five-bedroom residence.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1525, other record living area = 1426. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With five bedrooms configured within only 1,525 square feet, the individual room sizes and overall living flow may feel cramped or undersized for larger groups.
Having spent over 100 days on the market with a recent price reduction, the property may be facing challenges regarding its initial valuation or specific layout appeal in the current market.
Welcome to this magical quintessential fairy tale cottage! Located lakeside in the Palisades area at Orchard Bay, only a short walk to the water’s edge via #10 ALA gate with gentle walking trails to village, beach areas, with full lake rights for your summer fun. Single Slip Dock with Oversize Dock house and pier aka S492 with the perfect setting avail for addl cost. spacious areas, with little wind or choppy waters. Enjoy Lake Arrowhead Village’s seasonal entertainment, dining, and shopping all within minutes of arrival! This one of a kind vintage Craftsman (circa 1951) has been updated while maintaining it’s authentic charm and integrity. The words “Once Upon a Time” come to mind when you visit this historically relevant home once owned by the Waterman family (aka Waterman Cyn. Rd). Old world cobblestone stairs and a meandering pathway lead you right to front door and your fairytale journey begins! Step inside to a open airy floor plan accented with nostalgic character and careful restoration. The main level living room has beamed ceilings, Pickford tongue and groove wall paneling, a Craftsman brick fireplace, refinished and original Douglas fir wood flooring, 2 large wood paned windows that over look the huge patio areas front and rear both nodding to the majestic pine, cedar and dog wood trees that abound. A generously sized master suite on main level has board and batten walls, new tile and a new frameless shower door. The kitchen and dining rooms are updated with new cabinetry, granite, and stainless appliances. Additionally on main level a guest bedroom that currently functions as an artist studio/laundry area with brand new stackable washer and dryer. Moving up the winder stairs, a study/den area with built in desk and 3 additional guest bedrooms, one being perfect for a cozy kid get away. Other improvements include dual paned windows, new interior wood treatments, paint inside and out, new floor coverings, curated furnishings professionally appointed, multiple outside areas with new sprinkler system and leaf gutter system. Great vacation retreat, weekend get aways, or investment opportunity for your family generational wealth. Opportunity knocks at this sought after location offering a taste of classic Lake Arrowhead lifestyles at the lake! THIS HOME IS OFFERED TURNKEY FURNISHED WITH A FEW EXCLUSIONS
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades K-5 • 5.9 mi
Grades K-5 • 7.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,525 | 1,979.061 |
| Lot Size | 4,670 | 10,277.399 |
| Price | $775.0K | $643.6K |
| Price per sq ft | $508 | $338 |
| Built year | 1951 | 1978 |
| HOA | $0 | $614 |
| Days on market | 142 | 91 |
Oct 8, 2026
$775,000
$785,000
-1% Price Drop
Initial Listing
Sep 21, 2026
$785,000
$789,000
-1% Price Drop
Initial Listing
Jul 9, 2026
$789,000
$799,000
-1% Price Drop
Initial Listing
Jun 4, 2026
$799,000
Initial Listing
Jul 18, 2025
$501,000
Public Record
Sep 13, 2005
$480,000
Public Record
Jul 14, 1994
$205,000
Public Record