
Lake Arrowhead, California 92317
This Turnkey Mountain Retreat is a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $662,750 Fair Market Value by -5%. Featuring a Mint Condition Rating, this property includes a remodeled kitchen, central AC, and panoramic ridgeline views from two expansive decks. With a proven short-term rental history and Lake Rights, it offers immediate income potential. Located in the Rim of the World School District, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in ready mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 Old Toll Subject 3 bd · 3 ba · 1,600 sqft · $414 | $699,000* List Price | 3 | 3 | 1,600 | $414 | - |
A 27302 Pinewood Sold 3 bd · 3 ba · 1,670 sqft · $317 · 0.1 mi | $529,000 | 3 | 3 | 1,670 | $317 | 0.1 mi |
B 27364 Pinewood Sold 3 bd · 2 ba · 2,000 sqft · $350 · 0.2 mi | $699,000 | 3 | 2 | 2,000 | $350 | 0.2 mi |
C 279 Old Toll Sold 3 bd · 2 ba · 1,697 sqft · $345 · 0.1 mi | $585,000 | 3 | 2 | 1,697 | $345 | 0.1 mi |
D 544 Old Toll Sold 4 bd · 3 ba · 1,690 sqft · $352 · 0.4 mi | $595,000 | 4 | 3 | 1,690 | $352 | 0.4 mi |
E 27255 Bernina Sold 3 bd · 3 ba · 1,638 sqft · $333 · 0.6 mi | $545,000 | 3 | 3 | 1,638 | $333 | 0.6 mi |
F 209 Massive Sold 3 bd · 2 ba · 1,424 sqft · $534 · 0.3 mi | $760,000 | 3 | 2 | 1,424 | $534 | 0.3 mi |
G 795 Bishorn Sold 3 bd · 3 ba · 2,064 sqft · $317 · 0.8 mi | $655,000 | 3 | 3 | 2,064 | $317 | 0.8 mi |
H 422 Pyramid Sold 3 bd · 2 ba · 1,344 sqft · $408 · 0.4 mi | $549,000 | 3 | 2 | 1,344 | $408 | 0.4 mi |
I 164 Birchwood Drive Active 4 bd · 3 ba · 1,558 sqft · $385 · 0.2 mi | $599,900 List Price | 4 | 3 | 1,558 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1978, the property has been extensively updated and completely remodeled within the last few years. The kitchen and bathrooms feature modern stone countertops and designer tile, and the home includes new systems such as central air conditioning and mini-splits, placing it in mint, turnkey condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11150, living area = 1600.
The property is offered fully furnished with a proven short-term rental history and consistent five-star ratings, providing an immediate income-producing opportunity for investors.
The home features a completely remodeled kitchen, updated bathrooms, and new climate control systems including central AC and mini-splits, blending modern luxury with mountain character.
The property has been on the market for over 60 days and recently required a price reduction, suggesting the initial list price may have exceeded local buyer demand.
With 1,600 square feet distributed across three separate levels, the floor plan may feel segmented and less spacious than the bedroom count implies.
DRAMATIC PRICE IMPROVEMENT. LAKE RIGHTS. EPIC VIEWS. TURNKEY, INCOME PRODUCING AND READY TO GO. Design forward, extensively updated and set against one of Lake Arrowhead’s most compelling ridgeline views, The Tollhouse is a modern mountain classic, beautifully reimagined without losing its original character. With lake rights, level parking for three vehicles and two expansive decks, this three story retreat is made for effortless mountain living. Soaring wood clad ceilings, exposed beams and a dramatic wall of glass define the main living space, while an impressive stone fireplace brings warmth and mountain character. The completely remodeled kitchen features soft white cabinetry, stone countertops, floating wood shelving and warm gold details. New sliding glass doors open the living room to the deck and sweeping ridgeline beyond, where fog rolls through the treetops below. The king primary suite is conveniently located on the main level with a fully remodeled en suite bath and statement shower featuring designer tilework. Upstairs, a queen bedroom, generous bunk room, loft and 3/4 bath provide plenty of space for family and guests. Downstairs, an expansive game room with bar and its own deck offers incredible flexibility for entertaining, a second living space or additional guest suite. A half bath and dedicated laundry room with new washer and dryer complete the level. Recent improvements include new central air conditioning, three new mini splits, recessed lighting in the kitchen and game room, and resealed windows. Outside, mornings begin with miles of forest and evenings are made for roasting marshmallows around the fire as the sun fades behind the ridgeline and fog drifts through the trees. Offered fully furnished, The Tollhouse boasts an impeccable short term rental history and consistent five star guest ratings, equally suited as a private Lake Arrowhead retreat, full time residence or proven hospitality offering.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades K-5 • 5.6 mi
Grades K-5 • 7.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,600 | 1,979.061 |
| Lot Size | 11,150 | 10,277.399 |
| Price | $699.0K | $643.6K |
| Price per sq ft | $437 | $338 |
| Built year | 1978 | 1978 |
| HOA | $0 | $614 |
| Days on market | 64 | 91 |
Oct 13, 2026
$699,000
$725,000
-4% Price Drop
Initial Listing
Aug 21, 2026
$725,000
Initial Listing
Jul 30, 2024
$620,000
Public Record
Jun 7, 2021
$565,000
Public Record
Aug 8, 2017
$285,000
Public Record
Sep 8, 2004
$245,000
Public Record