
Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned above the $462,242 Fair Market Value by 2.7%. While the home requires significant updates, its Condition Rating of 5 and classic 1960s architecture offer a clear path for value-add renovation. Featuring Coveted Lake Rights, expansive dual-level decks, and a wooded forest view, the asset provides strong rental or resale potential. Located within the Rim of the World School District, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a mountain project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 Sunset Subject 3 bd · 2 ba · 1,800 sqft · $257 | $475,000* List Price | 3 | 2 | 1,800 | $257 | - |
A 358 Maple Drive Sold 3 bd · 3 ba · 1,518 sqft · $340 · 0.2 mi | $516,000 | 3 | 3 | 1,518 | $340 | 0.2 mi |
B 579 E Victoria Court Sold 3 bd · 2 ba · 1,331 sqft · $285 · 1.0 mi | $380,000 | 3 | 2 | 1,331 | $285 | 1.0 mi |
C 561 Dover Court Pending 4 bd · 3 ba · 1,862 sqft · $207 · 0.8 mi | $385,000 List Price | 4 | 3 | 1,862 | $207 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960 with no evidence of recent renovations, this property retains original vintage character including dated wood paneling, popcorn-style beamed ceilings, and old carpeting. The listing explicitly states the home 'needs some love and attention,' and visible wall heaters suggest outdated systems, placing it in the rehab category.
The property includes highly sought-after Lake Rights, providing exclusive access to Lake Arrowhead's private amenities, which significantly bolsters long-term investment value and lifestyle appeal.
Positioned as the best-priced 3-bedroom, 2-bathroom home of its size with Lake Rights, this property offers a rare entry-level opportunity into the prestigious Palisades neighborhood.
Featuring a classic 1960s 'storybook' aesthetic, a large corner brick fireplace, and two levels of expansive decks, the home provides a charming mountain retreat atmosphere with excellent indoor-outdoor flow.
The listing explicitly notes the home requires 'love and attention,' indicating deferred maintenance that will necessitate additional capital investment for repairs and modernization.
Built in 1960, the property likely features original systems and finishes that may not meet contemporary energy efficiency standards or modern buyer preferences without a full remodel.
Framed by a classic white picket fence and blooming roses, this storybook 1960s cottage brings the romantic allure of the English countryside straight to the heart of the San Bernardino Mountains. Tucked away on a quiet street in Lake Arrowhead’s coveted Palisades neighborhood and minutes to the lake, 232 Sunset is a rare retreat where time seems to slow down and mountain magic takes over. Stepping inside, you are greeted by an abundance of adorable vintage character at every turn, along with a classic, large corner brick fireplace designed for crisp, cozy evenings spent wrapped in warmth. Two levels of expansive decks invite you outdoors into the canopy, with a private balcony suspended in the trees that offers a pure, zen sanctuary for morning coffee or evening stargazing. While the home undoubtedly needs some love and attention, its timeless bones and character are unmistakable so the potential here is incredible. Complete with coveted Lake Rights, easy access to Cedar Glen with all of it's quaint cafes, shops and amenities, and off-street parking for up to three cars, this property represents the rare opportunity to pour your heart into a piece of mountain history and craft a truly magnificent forest haven. Currently the absolute best value 3 bed, 2 bath Lake Rights home - of this size - so this presents a rare opportunity indeed!
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades K-5 • 6.0 mi
Grades K-5 • 7.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,800 | 1,979.061 |
| Lot Size | 4,030 | 10,277.399 |
| Price | $475.0K | $643.6K |
| Price per sq ft | $264 | $338 |
| Built year | 1960 | 1978 |
| HOA | $0 | $614 |
| Days on market | 22 | 91 |
Oct 2, 2026
$475,000
Initial Listing
Nov 16, 2018
$351,000
Public Record
Mar 11, 2002
$172,500
Public Record