27230 Peninsula Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Value-Add Mountain Asset in the premier Arrowhead Woods subdivision is listed at $549,000, positioned relative to a $504,051 Fair Market Value. Carrying a Fair Condition Rating, the 1977 residence requires a full interior modernization of its original kitchen and bathrooms to unlock maximum ROI. The property features essential high-value markers including Lake Rights, a Distant Lake View, and an expansive 11,050 sqft lot located near Mary P. Henck Intermediate. This is a strategic acquisition for Fix-and-Flip Investors or Contractors focused on forced appreciation through targeted capital improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27230 Peninsula Drive Subject | $549,000* List Price | 3 | 2 | 1,716 | $299 | - |
A 677 Rhine Road Sold | $550,000 | 3 | 2 | 1,965 | $280 | 0.1 mi |
B 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.5 mi |
C 414 Grass Valley Sold | $500,000 | 3 | 2 | 1,459 | $343 | 0.4 mi |
D 375 Grizzly Road Sold | $570,000 | 3 | 3 | 1,817 | $314 | 0.3 mi |
E 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.5 mi |
F 781 Nadelhorn Drive Sold | $462,000 | 4 | 2 | 1,726 | $268 | 0.2 mi |
G 535 Pioneer Road Active | $535,000 List Price | 3 | 2 | 1,752 | $305 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, this property maintains a rustic charm with some functional updates like newer laminate flooring in main areas and stainless steel kitchen appliances. However, the kitchen and bathrooms are significantly outdated in style, featuring original or very old tile countertops, cabinetry, and fixtures that would require substantial renovation to meet modern standards. While the home appears well-maintained and livable, its age and the condition of key areas place it in the 'fair' category, indicating a need for significant cosmetic and potential system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11050, living area = 1716.
The property includes highly desirable lake rights, a significant perk for water enthusiasts and a valuable asset in the Lake Arrowhead community.
Situated in the sought-after 'Arrowhead Woods' subdivision, the property offers a balance of seclusion and convenience, including close proximity to a middle school (0.19 miles).
Built in 1977, the property's age suggests that systems (e.g., plumbing, electrical, HVAC) and finishes may be outdated, potentially requiring significant investment for modernization.
Multiple price reductions from the original list price indicate potential market resistance or perceived overpricing, which could affect buyer confidence or suggest a need for further negotiation.
The description emphasizes 'rustic charm' but does not mention specific modern upgrades or energy-efficient features, implying that buyers may need to budget for contemporary renovations.
Improved Pricing Alert! A classic mid-'70s mountain cabin that strikes a wonderful balance between rustic charm and functional design. With vaulted ceilings, plenty of common space, and a fenced yard, this home is ideal for full-time living or mountain getaways. Lake rights are a major perk for water lovers, and its location offers both seclusion and convenience.
No exterior & parking available.
Grades PK-5 • 1.9 mi
Grades K-5 • 5.6 mi
Grades K-5 • 7.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,716 | 1,952.5 | 37% |
| Lot Size | 11,050 | 9,857 | 69% |
| Price | $549.0K | $690.0K | 34% |
| Price per sq ft | $320 | $346 | 39% |
| Built year | 1977 | 1978 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 273 | 229 | 61% |
Nov 26, 2025
$549,000
$569,000
-4% Price Drop
Initial Listing
Oct 16, 2025
$569,000
$599,000
-5% Price Drop
Initial Listing
Jul 23, 2025
$599,000
Initial Listing