226 Holiday Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This Historic Mountain Retreat with Income Potential is listed at $875,000, offering a unique combination of 1929 character and modern utility. While the list price exceeds the $738,367 Fair Market Value, the property’s value is anchored by coveted Lake Rights and a Detached Studio Apartment providing immediate rental versatility. Currently holding a Fair Condition Rating, the home features a Large Entertainment Deck with Lake Views and sits just steps from Lake Arrowhead Village. Located in the Rim of the World district, this is a prime choice for Owner-Occupants or Vacation Home Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 226 Holiday Drive Subject | $875,000* List Price | 4 | 4 | 1,611 | $458 | - |
A 242 Holiday Drive Sold | $950,000 | 3 | 4 | 2,172 | $437 | 0.1 mi |
B 207 C Lane Sold | $710,000 | 3 | 2 | 1,700 | $418 | 0.6 mi |
C 190 Cedar Circle Sold | $836,000 | 3 | 2 | 1,252 | $668 | 0.2 mi |
D 164 Birchwood Drive Active | $629,000 List Price | 3 | 3 | 1,558 | $404 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property is well-maintained with some modern updates like the living area's vaulted ceilings and stone fireplace, and newer laundry appliances, the kitchen features dated blue tile backsplash and wood-look countertops, and the bathrooms show older fixtures, vanities, and tile styles (e.g., gold-framed shower, pink/beige tiled counters). These areas are functional but would require minor updates to align with current aesthetic trends, fitting the 'Fair' category for a home built in 1929 with renovations likely 15-30 years ago.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9300, living area = 1611.
The property boasts an exceptional location, being a two-minute walk to Lake Arrowhead Village and scenic lake trails, and minutes away from Burnt Mill Beach Club, offering unparalleled access to amenities and recreation.
Inclusion of lake rights significantly enhances the property's appeal and value, providing exclusive access to Lake Arrowhead for recreational activities.
Built in 1929, the property, despite modern updates, is an older home which may imply ongoing maintenance requirements, potential for outdated systems not explicitly mentioned as updated, and possibly lower energy efficiency compared to newer constructions.
The property has undergone a significant price reduction from its original list price of $949,000 to $875,000, which could indicate initial overpricing or a longer market presence, potentially raising buyer questions about its true market value.
With 4 bedrooms and 4 bathrooms within 1611 square feet (including the studio apartment), the main living areas or individual rooms may feel compact, potentially limiting appeal for buyers seeking more expansive or open-concept mountain homes.
Welcome to your charming mountain cabin at 226 Holiday Dr., offering lake rights and just a two-minute walk to Lake Arrowhead Village and scenic lake trails. Minutes away from Burnt Mill Beach Club, this home is situated on a spacious lot with parking for up to six cars. Enjoy a cozy cabin feel complemented by modern updates and amenities. The main floor features a kitchen, living and dining areas, two bedrooms, two bathrooms, and laundry facilities. Upstairs, the master bedroom boasts an en-suite bath. Step outside to a large deck ideal for entertaining, complete with views of Lake Arrowhead. Additional highlights include a whole house generator for peace of mind and a detached garage with a studio apartment above, providing extra versatility and comfort. Embrace the perfect mountain lifestyle in this splendid retreat!
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades K-5 • 6.5 mi
Grades K-5 • 6.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 1,611 | 1,952.5 | 28% |
| Lot Size | 9,300 | 9,805 | 42% |
| Price | $875.0K | $692.5K | 72% |
| Price per sq ft | $543 | $348 | 90% |
| Built year | 1929 | 1978 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 533 | 229 | 97% |
Sep 25, 2025
$875,000
Initial Listing
Nov 5, 2024
$949,000
Initial Listing