
Lake Arrowhead, California 92352
This Turnkey Mountain Cottage is a Strong Value Opportunity, listed at $1,125,000—positioned above the $1,046,015 Fair Market Value. While priced at a premium, the property boasts an Excellent Condition Rating following a comprehensive renovation, including new plumbing, electrical, and dual-zone HVAC. Featuring a saltwater spa, koi pond, and lake rights, this home offers a seamless lifestyle for Owner-Occupants or Short-Term Rental Investors. Its versatile layout, including a main-level accessible suite and guest quarters, ensures long-term utility in the desirable Lake Arrowhead market.
Turnkey 4-bed Lake Arrowhead cottage with lake rights, saltwater spa, and modern renovations. Move-in ready home perfect for vacation rental or primary residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Hemlock Drive Subject | $1,125,000* List Price | 4 | 3 | 1,989 | $526 | - |
A 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.0 mi |
B 202 Maple Drive Active Under Contract | $795,000 List Price | 3 | 2 | 1,885 | $422 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Comprehensively renovated with new plumbing, electrical, and dual-zone HVAC systems. The kitchen and living areas feature modern, high-end finishes, and the property is in mint, move-in-ready condition.
Comprehensively renovated with new plumbing, electrical, dual-zone AC, and a Generac generator, this property is offered fully furnished for an effortless move-in experience.
The layout features a main-level accessible suite, a separate lower-level flex room, and a guest suite above the garage, providing exceptional flexibility for multigenerational living or guests.
The private grounds include a saltwater spa, koi pond, and fire pit, all complemented by highly desirable Lake Arrowhead lake rights and rare level access.
At 4,800 square feet, the lot is relatively compact for the area, which may limit outdoor privacy and yard space compared to larger mountain estates.
The local elementary schools serving the area have lower performance ratings (3-4), which could be a drawback for families prioritizing top-tier public education.
Originally built in 1948 and comprehensively renovated for modern living, 229 Hemlock is a Lake Arrowhead cottage where character, quality and ease come together beautifully. Set in the Palisades with lake rights and level access, the 4-bedroom, 3-bath home has been thoughtfully updated throughout, including new plumbing and electrical, dual-zone air conditioning, a Generac generator and reverse-osmosis water system. The interiors feel warm and collected rather than overly done, with inviting living spaces and a highly desirable main-level bedroom and bath designed with accessibility in mind—ideal for guests, multigenerational living or anyone who appreciates the convenience of single-level accommodations. Outside, the private grounds are an experience unto themselves, with a koi pond, saltwater spa, fire pit and outdoor dining beneath the trees. A separate lower-level flex space, currently used as a playroom, lends itself equally well to a home theater, game room or creative retreat, while two additional rooms and a bath above the garage provide exceptional flexibility for guests, work or future possibilities. Currently operated as The Lily Pond Cottage, the home also has an established history as a highly rated short-term vacation rental. Offered furnished as seen, this is an unusually effortless way to own in Lake Arrowhead: arrive with a suitcase and begin enjoying the house from day one.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades K-5 • 5.9 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,989 | 2,015.827 |
| Lot Size | 4,800 | 10,163.827 |
| Price | $1.12M | $655.9K |
| Price per sq ft | $566 | $341 |
| Built year | 1948 | 1980 |
| HOA | $0 | $544 |
| Days on market | 11 | 78 |
Aug 29, 2026
$1,125,000
Initial Listing
Dec 1, 2020
$549,000
Public Record
Jun 17, 2004
$340,000
Public Record