229 Shasta, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This Spacious Lake Arrowhead Residence is a Prime Investment Opportunity, listed at $1,225,000—positioned well below the $1,265,694 Fair Market Value by 3%. This valuation gap provides $40,694 in Instant Equity. The home is in Good Condition, featuring a Renovated Kitchen and a new Trex Deck with Scenic Lake Views. Located in the Rim of the World district with Lake Rights and a separate-entrance bonus suite, it offers significant utility. This is an ideal acquisition for Owner-Occupants or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Shasta Subject | $1,185,000* List Price | 4 | 4 | 3,699 | $320 | - |
A 27431 Alpen Sold | $1,289,000 | 4 | 4 | 3,594 | $359 | 1.0 mi |
B 432 Grizzly Road Sold | $875,000 | 4 | 3 | 3,365 | $260 | 0.2 mi |
C 277 Grizzly Road Sold | $895,000 | 5 | 4 | 2,824 | $317 | 0.1 mi |
D 806 Brentwood Sold | $955,000 | 4 | 4 | 2,996 | $319 | 0.9 mi |
E 27506 North Bay Sold | $1,325,000 | 5 | 4 | 3,442 | $385 | 0.7 mi |
F 641 Golf Course Road Sold | $845,000 | 4 | 3 | 2,828 | $299 | 0.6 mi |
G 27421 Cedarwood Drive Active | $1,450,000 List Price | 4 | 5 | 4,232 | $343 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3699, other record living area = 2909.
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.
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.
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.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades K-5 • 5.5 mi
Grades K-5 • 7.6 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 | 77% |
| Square foot | 3,699 | 1,998.5 | 91% |
| Lot Size | 13,000 | 9,897 | 82% |
| Price | $1.19M | $685.0K | 82% |
| Price per sq ft | $320 | $344 | 40% |
| Built year | 1989 | 1978 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 98 | 213 | 14% |
May 22, 2026
$1,185,000
$1,225,000
-3% Price Drop
Initial Listing
Mar 1, 2026
$1,225,000
Initial Listing
Jul 29, 2022
$1,070,000
Public Record
Sep 17, 2020
$675,000
Public Record
Apr 29, 2005
$639,000
Public Record