27282 Bernina Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This Updated Lake Arrowhead Residence is a High-Potential Investment Opportunity, listed at $659,000—positioned well below the $732,577 Fair Market Value by 10%. This valuation gap provides $73,577 in Instant Equity. Boasting an Excellent Condition Rating, the home features an updated open-concept kitchen, Lake Rights, and a separate studio apartment for significant rental income potential. Located steps from Mary P. Henck Intermediate, this property balances mountain lifestyle with financial upside. It is an ideal acquisition for Owner-Occupants or House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27282 Bernina Drive Subject | $649,000* List Price | 4 | 3 | 2,165 | $304 | - |
A 414 Pioneer Sold | $690,000 | 4 | 2 | 2,068 | $334 | 0.5 mi |
B 27445 Cedarwood Court Sold | $620,000 | 4 | 4 | 1,734 | $358 | 0.6 mi |
C 527 Rainier Road Sold | $709,000 | 3 | 3 | 2,025 | $350 | 0.3 mi |
D 776 Nadelhorn Sold | $539,900 | 3 | 3 | 2,058 | $262 | 0.1 mi |
E 929 Trinity Drive Sold | $520,000 | 3 | 2 | 1,900 | $274 | 0.5 mi |
F 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.0 mi |
G 635 Grass Valley Drive Active | $695,000 List Price | 3 | 2 | 2,119 | $328 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1976, the property has undergone extensive recent renovations that meet modern quality standards. The interior features a fully updated open-concept kitchen with contemporary cabinetry and stainless steel appliances, modernized bathrooms, and high-quality flooring throughout. Additional upgrades like the mini-split A/C system and the recently poured concrete access road further justify an excellent condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14420, living area = 2165.
The property includes coveted Lake Rights and is situated just minutes from the lake, golf course, and parks, offering a premium mountain lifestyle.
A separate downstairs studio apartment with a private entrance provides excellent potential for rental income or a flexible guest suite.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2165, other record living area = 1813.
While the property offers mountain views, the lake view is only 'peek-a-boo,' which may not satisfy buyers seeking a full waterfront vista.
The A/C mini-split system only services the main level, potentially leaving the upper and lower levels less comfortable during peak summer temperatures.
Updated Lake Arrowhead home in a great neighborhood with LAKE RIGHTS and a peek-a-boo lake view! Open concept living and kitchen, master suite on its own level, large bedrooms, and abundant storage. Main level and upper level feature 3 bedrooms and 2 baths. Downstairs offers a separate studio apartment with private entrance -- perfect for income rental potential. Could easily be converted back into one 4 bedroom/3 bath home. Attached garage, lots of parking and access road was just recently done with all new concrete. Enjoy mountain living just minutes from the lake, golf course, beautiful park and so much more! A/C mini split services main level.
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 | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,165 | 1,964 | 60% |
| Lot Size | 14,420 | 9,857 | 88% |
| Price | $649.0K | $690.0K | 44% |
| Price per sq ft | $300 | $346 | 29% |
| Built year | 1976 | 1978 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 226 | 4% |
Apr 15, 2026
$649,000
$659,000
-2% Price Drop
Initial Listing
Feb 25, 2026
$659,000
Initial Listing
Apr 27, 2018
$359,000
Public Record
Sep 30, 2015
$299,000
Public Record
Oct 1, 2004
$260,000
Public Record
Jul 1, 2003
$175,000
Public Record