229 Shasta, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
229 Shasta
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 229 Shasta, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $1,225,000—significantly undercutting the $1,265,693 Fair Market Value by 3%. This valuation gap indicates a +$40,693 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Shasta Subject | $1,225,000* List Price | 4 | 4 | 3,699 | $342 | - |
A 432 Grizzly Road Sold | $875,000 | 4 | 3 | 3,365 | $260 | 0.2 mi |
B 27506 North Bay Sold | $1,325,000 | 5 | 4 | 3,442 | $385 | 0.7 mi |
C 27421 Cedarwood Drive Sold | $1,250,000 | 4 | 5 | 4,232 | $295 | 0.3 mi |
D 300 Pioneer Sold | $975,000 | 5 | 3 | 2,489 | $392 | 0.2 mi |
E 27547 W Shore Road Sold | $1,159,000 | 3 | 4 | 3,586 | $323 | 0.8 mi |
F 26668 Thunderbird Drive Sold | $879,000 | 4 | 3 | 2,825 | $311 | 0.9 mi |
G 27421 Cedarwood Drive Active | $1,495,000 List Price | 4 | 5 | 4,232 | $353 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and shows pride of ownership with significant updates that exceed its 1989 build year. Key improvements include a renovated kitchen with stainless steel appliances and stone countertops, updated bathrooms, a newly built Trex deck, and modern additions like an EV charging station. The interior features well-maintained flooring and contemporary light fixtures, placing it firmly in the 'good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Lake Views & Outdoor Living
The property features stunning lake views and a newly constructed Trex deck, providing a premium outdoor experience that is highly sought after in the Lake Arrowhead market.
- Versatile Bonus Space
A large downstairs area with a separate entrance offers excellent potential for a guest suite, workshop, or ADU, providing flexibility for multi-generational living or additional utility.
- Essential Infrastructure & Lake Rights
The home includes highly coveted Lake Rights, a newly built retaining wall for structural peace of mind, and modern upgrades like an EV charging station.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3699, other record living area = 2909.
- Modest School Ratings
The local elementary schools serving the area carry lower performance ratings (3-4), which may be a drawback for families prioritizing top-tier educational districts.
- Potential Maintenance Requirements
Built in 1989, this nearly 3,700 sqft mountain property may require ongoing maintenance or modernization of original systems to ensure long-term efficiency and value.
About 229 Shasta
Welcome to 229 Shasta Rd in Lake Arrowhead, where vaulted ceilings, sparkling lake views and natural light come together to create a home that feels both grand and peaceful. This spacious 4-bedroom, 4 bath home offers 3,699 sqft of thoughtfully designed living space. The main level features vaulted ceilings, large windows, a spacious living room, kitchen, dining room and family room as well as a master suite with a fireplace. The open and airy layout creates a seamless flow for entertaining or enjoying quiet mountain mornings with coffee in hand. Step outside onto the newly built Trex deck, an ideal setting to soak lake views all year round. The property also features a newly built retaining wall for peace of mind and lasting value. Downstairs, a versatile bonus space with its own separate entrance presents endless possibilities, ideal for a workshop, guest quarters or conversion into a private mother-in-law suite. Additional features include attached garage with EV charging station, charming front yard waterfall feature, lake rights and only a short drive from Lake Arrowhead Village.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 13,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 2.2 mi
Valley Of Enchantment Elementary School
Grades K-5 • 5.5 mi
Charles Hoffman Elementary School
Grades K-5 • 7.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,699 | 1,979.5 | 91% |
| Lot Size | 13,000 | 9,767 | 84% |
| Price | $1.23M | $680.0K | 86% |
| Price per sq ft | $331 | $341 | 45% |
| Built year | 1989 | 1977 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 236 | 0% |
Pricing History
Listed for Sale
Mar 1, 2026
$1,225,000
Initial Listing
Sold
Jul 29, 2022
$1,070,000
Public Record
Sold
Sep 17, 2020
$675,000
Public Record
Sold
Apr 29, 2005
$639,000
Public Record