
Lake Arrowhead, California 92352
This Value-Add Mountain Retreat is listed at $499,908, representing a strategic acquisition in the prestigious Arrowhead Woods neighborhood. Currently holding a Condition Rating of 5, this "time capsule" property requires a comprehensive interior modernization to reach its full potential relative to the $392,914 Fair Market Value. The asset’s long-term value is anchored by iconic A-frame architecture, wooded views, and highly coveted Lake Rights. Situated on an expansive 13,464 sqft lot near Mary P. Henck Intermediate, this is an ideal project for Value-Add Investors or Contractors looking to force appreciation through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27352 Alpen Drive Subject | $499,908* List Price | 4 | 2 | 1,470 | $267 | - |
A 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.8 mi |
B 27380 Alpen Drive Sold | $507,000 | 3 | 2 | 1,695 | $299 | 0.1 mi |
C 27581 St Bernard Sold | $485,000 | 3 | 2 | 1,344 | $361 | 0.6 mi |
D 781 Nadelhorn Drive Sold | $462,000 | 4 | 2 | 1,726 | $268 | 0.1 mi |
E 1190 Klondike Sold | $433,000 | 3 | 2 | 1,240 | $349 | 0.5 mi |
F 27390 Oakwood Sold | $434,000 | 3 | 2 | 1,206 | $360 | 0.7 mi |
G 117 A Active | $499,000 List Price | 3 | 2 | 1,560 | $320 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1970 (54 years old) with original finishes throughout the kitchen, bathrooms, and flooring. While functional, the property is a 'time capsule' that exceeds the 30-year threshold for original systems and requires a full interior rehab and modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13464, living area = 1470.
The property includes coveted Lake Rights and is situated in the desirable Arrowhead Woods subdivision, offering close proximity to Lake Arrowhead Village and year-round recreation.
The home features a classic A-frame design with soaring ceilings, exposed wood beams, and a wood-burning fireplace, providing the quintessential alpine retreat atmosphere.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The kitchen, bathrooms, and flooring feature original 1970s finishes, which may require a significant additional investment for modern updates and renovations.
Given the home's age and original condition, buyers should expect the need for thorough inspections and potential upgrades to aging systems or structural elements.
Set among the serene pines of Lake Arrowhead, this three-story mountain retreat captures the essence of peaceful alpine living with the Added Benefit of Lake Rights and close proximity to Lake Arrowhead, the village, and year-round recreation. The lower level adds versatility with a dedicated office or workroom with new carpet that can easily function as a bonus bedroom or guest space, along with a laundry room and an expansive storage area—ideal for seasonal gear or long-term use. The main living level showcases a dramatic A-frame design with soaring ceilings and exposed wood beams, creating a warm and inviting atmosphere centered around a classic wood-burning fireplace. Natural light pours in, while two access points lead out to a wraparound balcony. The adjacent kitchen maintains its original charm and connects seamlessly to the living space. This level also includes a bedroom and full bathroom for added convenience. Upstairs, two generously sized bedrooms are thoughtfully positioned on opposite sides of the home, offering privacy with a spacious bathroom in between featuring ample counter space. Both rooms include large closets, providing excellent storage. With original finishes throughout the kitchen, bathrooms, and flooring, this home presents a great opportunity to enjoy as-is or update to your personal style. Surrounded by nature yet just minutes from the lake, this is a true mountain escape with all the essentials for full-time living or a weekend retreat. Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades K-5 • 5.9 mi
Grades K-5 • 7.7 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 | 1,470 | 1,995.5 | 23% |
| Lot Size | 13,464 | 9,897 | 84% |
| Price | $499.9K | $683.5K | 24% |
| Price per sq ft | $340 | $344 | 47% |
| Built year | 1970 | 1978 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 213 | 3% |
May 1, 2026
$499,908
$500,000
+0% Price Increase
Initial Listing
Apr 7, 2026
$500,000
Initial Listing