27071 Overlook Lane, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 2 bath
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Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $388,551 Fair Market Value by -2%. While the home maintains a Fair Condition Rating (4/10) due to its 1979 vintage, the flexible four-bedroom floor plan and Adjacent Lot Availability provide significant upside for forced appreciation. Located near Rim of the World High School, this asset is perfectly positioned for short-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Owner-Occupants seeking a mountain retreat with expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27071 Overlook Lane Subject | $399,000* List Price | 4 | 2 | 1,576 | $247 | - |
A 615 Wellesley Active | $429,900 List Price | 3 | 2 | 1,400 | $307 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property is functional but dated. The interior features older carpeting, wood paneling, and basic bathroom fixtures that likely exceed 20 years in age. The exterior deck shows significant weathering and peeling paint, indicating a need for minor repairs and maintenance.
The versatile four-bedroom floor plan includes a room currently used as a secondary living area, providing excellent adaptability for families, home offices, or guest accommodations.
The availability of the adjacent lot for purchase offers a rare opportunity to increase privacy, expand outdoor living space, or develop a larger mountain estate in a high-demand area.
Conveniently located near Lake Arrowhead Village, hiking trails, and dining, this property is perfectly positioned for use as a high-performing short-term rental or a weekend getaway.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2208, living area = 1576.
At just 2,208 square feet, the primary lot is relatively small for a mountain property, which may limit immediate outdoor utility and privacy without the acquisition of the neighboring parcel.
Built in 1979, the home may require capital improvements or aesthetic updates to meet modern energy efficiency standards and contemporary design preferences.
Perched in the serene mountain setting of Lake Arrowhead, this charming 4-bedroom, 2-bathroom home offers approximately 1,576 square feet of comfortable living space and the perfect blend of privacy, comfort, and year-round mountain living. Surrounded by towering pines and natural beauty, this inviting retreat captures the essence of the Lake Arrowhead lifestyle with spacious living areas, abundant natural light, and seamless indoor-outdoor flow. The flexible floor plan includes four bedrooms, with one currently being utilized as an additional living room or family room, offering versatility to fit your lifestyle needs. The spacious primary suite provides a peaceful retreat, complete with direct access to a private back deck where you can enjoy your morning coffee while taking in the tranquil views of the surrounding trees and forest setting. Whether you're entertaining family and friends, relaxing on the deck, or unwinding after a day on the lake or nearby trails, this home offers the perfect mountain escape. Conveniently located near Lake Arrowhead Village, dining, shopping, hiking, and recreational amenities, this property is ideal as a full-time residence, weekend getaway, or investment opportunity.Experience the beauty and tranquility of mountain living in one of Southern California's most sought-after destinations. Don't miss the opportunity to make this Lake Arrowhead retreat your own. As an added opportunity, the adjacent lot is also available for purchase, providing potential for expanded outdoor space, future development possibilities, or the ability to create a larger mountain estate (buyer to verify all development potential with the appropriate agencies). Don't miss this unique opportunity to own a Lake Arrowhead retreat with room to grow.
No exterior & parking available.
Grades PK-5 • 2.0 mi
Grades 6-8 • 0.7 mi
Grades K-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,576 | 1,995.5 | 28% |
| Lot Size | 2,208 | 9,936.5 | 1% |
| Price | $399.0K | $667.5K | 9% |
| Price per sq ft | $253 | $343 | 10% |
| Built year | 1979 | 1978 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 217 | 1% |
May 31, 2026
$399,000
Initial Listing
Aug 28, 2020
$217,000
Public Record
Sep 10, 2004
$165,000
Public Record
Dec 4, 2002
$105,000
Public Record
Apr 24, 2000
$72,000
Public Record
Apr 1, 1997
$44,000
Public Record