238 Maple Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 2 bath
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Lake Arrowhead, California 92352
This High-Potential Investment Opportunity is listed at $869,500, positioned well below the $993,757 Fair Market Value by 12%. This valuation gap offers $124,257 in Instant Equity. Featuring a Fair Condition Rating, this 1936 vintage residence offers unique Storybook Charm, a Heated Jacuzzi, and Lake Rights. While the interior requires cosmetic updates, the level entry and four-car parking provide rare mountain accessibility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 238 Maple Drive Subject | $869,500* List Price | 4 | 2 | 1,659 | $599 | - |
A 28772 Cedar Drive Active | $829,000 List Price | 4 | 3 | 1,500 | $553 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1936, this 'vintage' property is exceptionally well-maintained and features updated systems like central air and a generator. However, the interior is heavily dated with original-style wood paneling and a galley kitchen featuring an antique stove. It fits the 'Fair' criteria as it is over 20 years old without a recent full renovation and would require cosmetic updates to meet modern standards.
This 1936 residence features authentic architectural details like vaulted wood-beamed ceilings, a granite fireplace, and a classic O'Keefe Merritt stove, offering a unique and highly desirable mountain aesthetic.
The property comes fully furnished and includes coveted Lake Rights, plus modern upgrades like central air and a backup generator, making it an ideal immediate vacation rental or second home.
Unlike many mountain properties with steep terrain, this home offers a rare level entry and a four-car asphalt driveway, providing ease of access and ample parking for guests.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 4,800 sqft lot is relatively compact for the Lake Arrowhead area, which may limit outdoor privacy and space for future structural expansions.
Given the home's 1936 vintage, buyers should anticipate potential ongoing maintenance or the need for infrastructure updates common in properties of this era.
Absolute Storybook 1936 Vintage Lake Arrowhead Romantic Rustic Lodge Charmer boasting 1,659 sqft of Decades of Fireside Stories and Family Gatherings on a manageable 4,800 sqft Landscaped Wooded Lot located in the Heart of the Palisades just minutes from the Cedar Glen Shopping District. Main Level Features: Honey Colored Knotty Pine Walls and Hardwood Flooring throughout, Traditional Wood Burning Granite Fireplace, 2-Story 30 Foot Floor to Ceiling Living Room Window, Vaulted Wood Beamed Ceilings, Intimate Conversation Bar with Sink, Cozy 4th Bedroom or Den, ¾ Bath, TV/Game Room with attached Laundry Room & Work Area complete with Utility Sink, and Galley Kitchen with Screaming Candy Apple Red Antique O’Keefe Merritt Stove & Red Retro Microwave. Upper-Level Features: Hallway over-looking the Living Room yielding access to 3-Vaulted Wood Beamed Ceiling Bedrooms and ¾ Bath. Exterior Features: Level Entry with 4-Car Parking Asphalt Driveway, Landscaped Front and Rear Yard with Auto Sprinklers, Entertaining Rear Patio with 5-Burner BBQ, Alfresco Dining for 12 and Heated Jacuzzi Tub that seats 6, Central Air, and Gasoline Powered Generator. This Unique Vintage Residence is being offered Fully Furnished and comes with Lake Rights!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,659 | 1,995.5 | 30% |
| Lot Size | 4,800 | 9,857 | 13% |
| Price | $869.5K | $685.0K | 72% |
| Price per sq ft | $524 | $346 | 87% |
| Built year | 1936 | 1978 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 212 | 1% |
May 25, 2026
$869,500
Initial Listing
Nov 30, 2015
$290,000
Public Record
Feb 27, 2004
$225,000
Public Record