189 St Hwy 173, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 2 bath
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Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a High-Potential Investment Opportunity, listed at $1,200,000—positioned well above the $987,660 Fair Market Value by 21%. While priced at a premium, the property offers a Condition Rating of 3, featuring a modern kitchen, new plumbing, and a whole-house generator. With established Airbnb success, lake rights, and proximity to Lake Arrowhead Village, it provides immediate rental income potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused, move-in ready mountain asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 189 St Hwy 173 Subject | $1,200,000* List Price | 5 | 2 | 1,952 | $506 | - |
A 242 Holiday Drive Sold | $950,000 | 3 | 4 | 2,172 | $437 | 0.5 mi |
B 244 Corona Circle Active | $899,000 List Price | 3 | 3 | 2,069 | $435 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1954, the property has undergone significant recent renovations including a modern kitchen with quartz countertops and high-grade cabinetry (<5 years). Major systems have been addressed with all-new plumbing and a whole-house generator. The home is well-maintained and move-in ready, though some interior finishes like the wood paneling and bathroom fixtures retain a dated but functional mountain charm.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8075, living area = 1952.
Situated directly across from the lake with coveted Lake Rights and a short walk to Lake Arrowhead Village, offering exceptional proximity to water activities and entertainment.
Currently a successful Airbnb with furniture included, recent plumbing upgrades, a remodeled kitchen, and a whole-house generator, making it ready for immediate rental or occupancy.
With 5 bedrooms but only 2 bathrooms, the home may face logistical challenges for large families or high-capacity vacation rental groups.
The lake views are primarily seasonal, visible from October through April, meaning the 'sparkling water' views are obscured by foliage during the peak summer months.
Gorgeous Arrowhead Woods home with Lake Rights and beautiful seasonal lake views from October through April, when the trees reveal the sparkling waters of Lake Arrowhead. Ideally located directly across the street from the lake, this charming mountain retreat offers one of the closest locations possible to the water without being waterfront. Enjoy a scenic 10-minute walk along the lake trail to Lake Arrowhead Village, where you can experience summer concerts, Oktoberfest festivities, lakeside dining, shopping, and year-round entertainment. This special property was once owned by the family of acclaimed actor Michael Douglas and offers front-row views of the spectacular Fourth of July fireworks right from the front porch. The home features 5 bedrooms, including a desirable main-level primary suite, plus a fully finished attic bedroom that provides additional space for guests, family, or a cozy retreat. With 2 full bathrooms and timeless Lake Arrowhead charm throughout, the home blends classic mountain character with modern comfort. Recent upgrades include all-new plumbing completed just a few years ago. The beautifully updated kitchen showcases quartz countertops, high-grade cabinetry, and an inviting layout perfect for entertaining. Dual-pane windows throughout the home provide energy efficiency and year-round comfort. Outside, towering mature trees create exceptional curb appeal and a peaceful mountain atmosphere. Two spacious decks offer wonderful outdoor living areas, including a large side deck ideal for gatherings and a welcoming front deck perfect for relaxing and enjoying the lake view. Convenient parking accommodates up to four vehicles, and after dark, traffic along Highway 173 becomes minimal, adding to the serene setting. Additional features include a whole-house generator for added peace of mind. Much of the furniture and TVs are included, making this a fantastic turnkey opportunity. Currently operating as a successful Airbnb with excellent reviews, this property offers both an incredible mountain getaway and a strong investment opportunity in one of Lake Arrowhead’s most desirable locations.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,952 | 1,995.5 | 47% |
| Lot Size | 8,075 | 9,857 | 26% |
| Price | $1.20M | $685.0K | 83% |
| Price per sq ft | $615 | $346 | 91% |
| Built year | 1954 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 212 | 1% |
May 8, 2026
$1,200,000
Initial Listing
Aug 15, 2022
$810,000
Public Record
May 22, 2020
$460,000
Public Record
Sep 26, 2001
$275,000
Public Record
Jun 5, 1998
$235,000
Public Record