247 Oak Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
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Lake Arrowhead, California 92352
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $499,000—positioned well above the $437,034 Fair Market Value by 14%. Despite the premium, the property features an Excellent Condition Rating with extensive modern infrastructure, including a Whole House Generator, Tesla Charger, and PEX Plumbing. Located in the coveted Palisades area with Lake Rights and high walkability, this home offers a premium lifestyle. It is an ideal acquisition for vacation home buyers or lifestyle-focused owner-occupants seeking a fully furnished, move-in ready mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 247 Oak Drive Subject | $499,000* List Price | 2 | 2 | 983 | $445 | - |
A 229 Oak Drive Sold | $380,000 | 2 | 2 | 1,029 | $369 | 0.0 mi |
B 110 Highway 173 Sold | $575,000 | 3 | 3 | 1,260 | $456 | 0.3 mi |
C 380 Hemlock Active | $565,000 List Price | 3 | 1 | 928 | $609 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1928 build date, the property has undergone extensive recent renovations within the last few years. Key updates include a nearly new HVAC system, full PEX replumbing to the main, a brand new whole-house generator, and a Tesla charger. The interior features newer flooring, fresh paint, quartz countertops, and newer appliances, meeting the criteria for a high-quality renovation with no immediate maintenance required.
Situated in the highly coveted Palisades area with exceptional walkability to Cedar Glen shops and restaurants, the property includes essential Lake Rights for full mountain lifestyle access.
The home boasts significant high-value upgrades including a new HVAC system, full PEX replumbing, a whole-house generator, and a Tesla charger, ensuring modern reliability in a classic setting.
Offered fully furnished with rare level parking and minimal entry steps, this meticulously maintained cottage provides an immediate, hassle-free move-in experience for vacationers or residents.
With under 1,000 square feet of living space, the two-bedroom layout may feel restrictive for larger families or those requiring expansive interior proportions.
Despite comprehensive updates, the 1928 build date implies a historical footprint that may lack the open-concept flow and storage capacity found in contemporary mountain homes.
WOW, WOW, WOW!!!! Wait Until You See this ADORABLE COTTAGE in the Highly Coveted Palisades Area, Just a FEW BLOCKS FROM THE LAKE and RESTAURANTS, SHOPS in Cedar Glen! The Walkability Just Doesn't Get any Better!!! Oodles of LEVEL Parking & Just a Few Steps Down to the Front Door... There is a Lovely Back Deck Just off the SUPER COZY Living Room with Woodburning Fireplace & Super Tall Ceilings! Oh the Charm!!!! The Oversized Kitchen Has Lots of Cabinetry, NEWER Appliances & Quartz Countertops and a Great Built-in Eating Area! Master Bedroom & Bath are on the Main Level & Upstairs is the Second Bedroom w/Bathroom & Adorable Play Room for Kids!! If You are Looking for a VERY WELL-MAINTAINED Home, This is Most Definitely the ONE!! Nearly New HVAC System with Ducting, Newer Flooring Throughout and Newer Interior & Exterior Paint! Just Replumbed with All PEX Throughout including All the Way to the Main too! Brand New WHOLE HOUSE GENERATOR, ELECTRIC PANEL, TESLA CHARGER and New Plantation Shutters, too!! It's a Whole New House! And BOY, WILL THE CHARM OF IT KNOCK YOUR SOCKS OFF!!! Of Course, it has LAKE RIGHTS!!! SPEND YOUR SUMMER AT THE LAKE!!! COMES MOSTLY FURNISHED TOO!!!!
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 983 | 2,126 |
| Lot Size | 5,000 | 9,850 |
| Price | $499.0K | $669.1K |
| Price per sq ft | $508 | $346 |
| Built year | 1928 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 8 | 92 |
Jul 14, 2026
$499,000
Initial Listing
Aug 30, 2022
$550,000
Public Record
Nov 1, 2021
$351,000
Public Record
May 11, 2001
$103,000
Public Record