232 N Fairway Drive N, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This Spacious Mountain Retreat is a Strong Value Opportunity, listed at $645,000—positioned well below the $655,083 Fair Market Value by 1%. This valuation gap offers $10,083 in Instant Equity. The property features a Condition Rating of 4, offering a turnkey, fully furnished layout with Panoramic Mountain Views and Exclusive Lake Rights. While the interior retains original 1991 finishes, the recent 2024 roof and 2026 garage door provide structural peace of mind. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a mountain getaway.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 232 N Fairway Drive N Subject | $645,000* List Price | 3 | 3 | 2,511 | $261 | - |
A 325 Brentwood Sold | $595,000 | 3 | 3 | 2,290 | $260 | 0.3 mi |
B 116 Fairway Drive Sold | $734,000 | 4 | 3 | 2,598 | $283 | 0.3 mi |
C 26834 Huron Rd Sold | $734,500 | 5 | 3 | 2,464 | $298 | 0.7 mi |
D 174 Hillcrest Court Sold | $712,500 | 4 | 3 | 2,168 | $329 | 0.3 mi |
E 196 N Fairway Drive Active | $660,000 List Price | 3 | 2 | 2,310 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, the home is 35 years old and retains dated interior elements such as original oak cabinetry and wood paneling. While the property is well-maintained with a new roof (2024), the kitchen and bathrooms appear original and require cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10764, living area = 2511.
The property includes highly coveted Lake Rights, providing private access to Lake Arrowhead amenities, which significantly enhances its value and appeal as a mountain retreat.
With a new roof installed in October 2024 and a new garage door in 2026, the home offers reduced immediate maintenance costs and improved structural peace of mind for the buyer.
The local elementary schools carry lower ratings (3 and 4), which may be a concern for families looking to use the property as a primary residence.
Built in 1991, the interior may require some aesthetic modernization to meet the expectations of buyers seeking contemporary luxury finishes.
Lovely mountain home with the great floor plan; perfect for entertaining, for family vacations, retreats; peaceful and private; w/LAKE RIGHTS; new roof October 2024; new garage door 2026; fully furnished, with a couple exceptions;
No exterior & parking available.
Grades PK-5 • 3.2 mi
Grades K-5 • 4.3 mi
Grades K-5 • 8.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,511 | 1,998.5 | 69% |
| Lot Size | 10,764 | 9,897 | 65% |
| Price | $645.0K | $683.5K | 46% |
| Price per sq ft | $257 | $344 | 11% |
| Built year | 1991 | 1978 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 212 | 1% |
May 6, 2026
$645,000
Initial Listing
Jan 31, 2011
$329,000
Public Record