
Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $799,000—positioned well above the $745,116 Fair Market Value by 7%. While currently priced above the estimated market value, the property features a Condition Rating of 3, showcasing significant upgrades including a spa tub, dual-pane windows, and a modern kitchen. With lake rights and a serene, landscaped backyard, this home offers a premium lifestyle in the Rim of the World School District. This is an ideal acquisition for Owner-Occupants or second-home buyers seeking a move-in ready mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 202 Maple Drive Subject | $799,000* List Price | 3 | 2 | 1,885 | $395 | - |
A 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.0 mi |
B 110 Highway 173 Sold | $575,000 | 3 | 3 | 1,260 | $456 | 0.2 mi |
C 28886 Cedar Sold | $650,000 | 3 | 3 | 1,512 | $430 | 0.2 mi |
D 351 Garden Drive Sold | $985,000 | 4 | 4 | 2,546 | $387 | 0.7 mi |
E 157 Bret Harte Road Active | $828,000 List Price | 3 | 2 | 1,863 | $444 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1938, the property has undergone significant renovations including dual-pane windows, updated bathrooms with a spa tub, and a kitchen featuring modern stainless steel appliances. The home is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
Situated in the highly desirable Arrowhead Woods with coveted lake rights, this property offers a premium lifestyle within walking distance to the lake, local dining, and shopping.
This 1938 Palisades cottage masterfully blends vintage charm—featuring an authentic stone fireplace and wood-beamed ceilings—with thoughtful modern upgrades like dual-pane windows and a primary spa suite.
The property boasts a rare level-entry garage and a beautifully landscaped, walled backyard featuring a serene dry creek and mature trees, providing a private and accessible mountain sanctuary.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1885, other record living area = 1384. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With 58 days on the market and a significant $96,000 price reduction, the property has faced challenges in securing a buyer at its initial valuation, potentially impacting perceived market value.
As a 1938 cottage, the home may possess architectural limitations or smaller secondary spaces typical of its era that might not align with buyers seeking a contemporary open-concept floor plan.
Step into the charm and character of this delightful1938 Palisades cottage, where vintage details blend beautifully with thoughtful modern updates. Nestled in a prime location with lake rights, this inviting mountain retreat is just a short stroll to the lake, local dining and Mountain Coffee, shopping, and a short drive to Lake Arrowhead Village. Inside, the home welcomes you with rich history and warmth. The cozy living room showcases an authentic stone fireplace with gas insert and exposed wood-beamed ceilings that adds timeless appeal. Dual-pane casement windows and custom window coverings enhance both comfort and style throughout the home. You will also find a bedroom and bath on this main level for your convenience. The spacious primary suite offers a peaceful escape with soaring vaulted ceilings, and a relaxing spa tub perfect for unwinding after a day on the mountain. Adjacent is a large loft with a sitting area, furnished with two additional beds. In the kitchen, you’ll find quality appliances including a 5-burner dual-fuel range and refrigerator, designed for both everyday living and entertaining. Expansive family and dining areas overlook the serene backyard setting, complete with a dry creek that creates a calming natural backdrop. The oversized and walled backyard is ideal for outdoor entertaining, offering the perfect venue for summer BBQs, gatherings with family and friends, or simply relaxing in your own private mountain retreat. Tucked among the mature trees, it also provides a peaceful hideaway to enjoy a good book or a quiet game of chess surrounded by nature. The lush grounds are beautifully landscaped with mature cedars, Japanese maples, and Oak trees, adding to the property’s storybook ambiance. Additional features include a level-entry garage with laundry facilities and extra storage, along with an automatic irrigation system. Rarely does a home combine historic charm, modern comfort, and such a desirable location so effortlessly. This special property is ready to be enjoyed for generations to come. Must see to appreciate this gem.
No exterior & parking available.
Grades PK-5 • 1.4 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,885 | 2,126 |
| Lot Size | 4,800 | 9,850 |
| Price | $799.0K | $669.1K |
| Price per sq ft | $424 | $346 |
| Built year | 1938 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 67 | 92 |
Jul 4, 2026
$799,000
$895,000
-11% Price Drop
Initial Listing
May 16, 2026
$895,000
Initial Listing
Nov 6, 2019
$477,000
Public Record
Mar 11, 2009
$240,000
Public Record
Sep 19, 2006
$480,000
Public Record
Oct 21, 1998
$125,000
Public Record