27391 Peninsula, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 5 bath
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Lake Arrowhead, California 92352
This Spacious Multi-Generational Residence is a Prime Investment Opportunity, listed at $779,000—positioned well below the $816,067 Fair Market Value by 4%. This valuation gap offers $37,067 in Instant Equity. Boasting a Good Condition Rating, the home features a Granite Kitchen, New AC, and Lake Rights. The layout includes a lower-level den and game room with conversion potential for a separate unit. Located in the Rim of the World District, it is perfect for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27391 Peninsula Subject | $759,000* List Price | 5 | 5 | 2,447 | $310 | - |
A 277 Grizzly Road Sold | $895,000 | 5 | 4 | 2,824 | $317 | 0.5 mi |
B 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.2 mi |
C 26834 Huron Rd Sold | $734,500 | 5 | 3 | 2,464 | $298 | 1.0 mi |
D 195 Birchwood Drive Sold | $637,500 | 3 | 4 | 2,108 | $302 | 0.6 mi |
E 1226 Grass Valley Sold | $629,999 | 3 | 3 | 2,050 | $307 | 0.8 mi |
F 776 Nadelhorn Sold | $539,900 | 3 | 3 | 2,058 | $262 | 0.2 mi |
G 692 Zurich Drive Active | $879,000 List Price | 3 | 3 | 2,463 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in well-maintained, move-in ready condition. Although built in 1989, it features significant updates including a kitchen with granite countertops and stainless steel appliances, updated bathroom fixtures like vessel sinks, and recent mechanical improvements such as a new AC system and a redone deck. The interior shows minimal wear and tear, meeting the criteria for a 'good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10200, living area = 2447.
With 5 bedrooms, 5 bathrooms, and a lower level featuring a game room and den that can be converted into a separate unit, this home offers exceptional flexibility for large families or potential rental income.
The property includes coveted Lake Rights and is situated within walking distance to the lake, providing easy access to premium recreational activities like fishing, swimming, and kayaking.
With 5 bedrooms and 5 bathrooms packed into 2,447 square feet, the individual room sizes and common areas may feel somewhat compact for a property designed to accommodate large groups.
While the property offers pleasant 'distant tree views,' it lacks the direct lake views that are often highly prioritized by buyers looking in the exclusive Peninsula area.
This One is Perfect for the BIG FAMILY Looking For Lots of Space! 5 Bedrooms and 5 Baths! Killer Distant Tree Views, Level Entry & a 2-Car Garage! So Much Natural Light Throughout and You Will Love the Open Floor Plan!! Great Functionality with a Living Room, Den, Sitting Area on Lowest Level and a Game Room too!! WALK TO THE LAKE!!! Yes!!! Fish, Swim, Bring a Kayak! So Much to Do in Gorgeous Lake Arrowhead!!! Go for a Hike, Short Drive to Skypark and Ski Resorts! The Home is in Pristine Condition!! Just Added AC & Deck Recently Redone too!! Lower 3 Bedrooms/2 Baths with Game Room & Den Could Be Separate Unit by Adding a Kitchen! You Definitely Want to See this One!! Lake Rights too!
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 5.0 | 3.0 | 92% |
| Square foot | 2,447 | 1,998.5 | 66% |
| Lot Size | 10,200 | 9,897 | 57% |
| Price | $759.0K | $685.0K | 61% |
| Price per sq ft | $310 | $344 | 37% |
| Built year | 1989 | 1978 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 73 | 212 | 6% |
Jun 1, 2026
$759,000
$779,000
-3% Price Drop
Initial Listing
Mar 25, 2026
$779,000
Initial Listing
Dec 26, 2014
$392,000
Public Record
Apr 17, 2009
$287,500
Public Record
Oct 22, 1996
$219,000
Public Record