
Lake Arrowhead, California 92352
This Single-Level Lake Rights Home is a Strong Value Opportunity, listed at $850,000—positioned well below the $895,000 Fair Market Value by 5%. This valuation gap provides $45,000 in Instant Equity. Boasting a Condition Rating of 3, the property features a Renovated Stone Countertop Kitchen and a rare Level Entry layout. Located in the Palisades area within the Rim of the World district, it offers a Forested Greenbelt View and a massive Bonus Entertainment Room. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Vacation Rental Investors leveraging the high sleeping capacity and lake access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 180 Joaquin Miller Subject | $850,000* List Price | 3 | 3 | 2,265 | $395 | - |
A 262 State Highway 173 Sold | $825,000 | 5 | 4 | 2,030 | $406 | 0.6 mi |
B 28844 Cedar Drive Sold | $895,000 | 4 | 2 | 2,175 | $411 | 0.4 mi |
C 243 Manzanita Drive Sold | $999,999 | 4 | 3 | 2,180 | $459 | 0.1 mi |
D 362 Heliotrope Active | $649,000 List Price | 4 | 2 | 1,833 | $354 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, this property is in move-in ready condition and has been well-maintained with key updates. The kitchen has been renovated with modern stainless steel appliances, stone countertops, and white shaker-style cabinetry. The bathrooms feature updated vanities and contemporary light fixtures. While the home retains some vintage mountain charm like wood-beamed ceilings and wall paneling, the overall quality of the finishes, the newer deck, and the functional layout indicate that major systems are well-maintained without the need for immediate renovation.
The property features a rare level entry and single-level living with all bedrooms and primary living spaces on the main floor, a highly sought-after layout in mountain communities.
Located just two blocks from the lake in the desirable Palisades area, this home includes coveted lake rights and is within walking distance to the shopping and dining of Cedar Glen.
A large upper-level bonus room with a refreshment bar and pool table provides significant extra sleeping capacity and recreational space, perfect for large families or vacation rentals.
Built in 1959, the home may require more frequent maintenance or updates to its older systems and insulation compared to more modern mountain constructions.
The 4,850 square foot lot is relatively small for the area, which may limit outdoor privacy and yard space for those seeking a more expansive mountain estate feel.
Everything you are looking for in a mountain home! Level entry, 2 car garage, ample off street parking and single level living! Just two blocks from the lake in the desirable Palisades area. This 3 bedroom home has all of the bedrooms and two bathrooms on the main level as well as the living and dining area, kitchen and laundry room. For those who want to climb the stairs, they lead to a very large bonus room with extra sleeping capacity, a pool table, a refreshment bar, game table and a half bath. This is a great family home with a spacious newer deck surrounded by pine and cedar trees. Furnished per seller inventory, and of course, lake rights! Available space for boat parking. Walking distance to shopping and dining in Cedar Glen. This location offers a peaceful and quiet surrounding and fresh air to enjoy. Don't wait to come take a look at this charming mountain home!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,265 | 1,964 | 65% |
| Lot Size | 4,850 | 9,805 | 13% |
| Price | $850.0K | $692.5K | 69% |
| Price per sq ft | $375 | $348 | 63% |
| Built year | 1959 | 1978 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 226 | 5% |
Apr 3, 2026
$850,000
$895,000
-5% Price Drop
Initial Listing
Feb 20, 2026
$895,000
Initial Listing
Dec 22, 2021
$749,000
Public Record
Mar 22, 2021
$550,000
Public Record
Jul 29, 2003
$195,000
Public Record