27403 Alpen Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This 4-Bedroom Mountain Retreat represents a High-Potential Investment Opportunity, listed at $660,000—positioned above the $592,298 Fair Market Value by 11%. While the property requires cosmetic updates to its Condition Rating of 4, it offers significant utility through a large 16,028 sqft lot, a two-car garage, and a workshop. Featuring Lake Rights and peek-a-boo lake views, this turnkey-ready home is well-positioned for rental income or personal use. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile mountain property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27403 Alpen Drive Subject | $650,000* List Price | 4 | 3 | 1,616 | $358 | - |
A 27963 St. Bernard Ln Sold | $500,000 | 3 | 2 | 1,327 | $377 | 0.6 mi |
B 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.8 mi |
C 1181 Voltaire Sold | $570,000 | 4 | 3 | 2,010 | $284 | 0.9 mi |
D 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.9 mi |
E 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.8 mi |
F 414 Grass Valley Sold | $500,000 | 3 | 2 | 1,459 | $343 | 0.9 mi |
G 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.3 mi |
H 28116 Lachen Road Sold | $765,000 | 3 | 2 | 1,963 | $390 | 0.9 mi |
I 27352 Alpen Drive Pending | $499,908 List Price | 4 | 2 | 1,470 | $340 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this 41-year-old home is well-maintained but dated. While it features a newer roof (10 years) and recent exterior paint, the interior shows original-style finishes including floral wallpaper and older carpeting. The kitchen and bathrooms likely require modernization to meet current standards, fitting the criteria for a property over 20 years old needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16028, living area = 1616.
The property includes highly coveted Lake Rights and is situated in the desirable Arrowhead Woods area, offering peek-a-boo lake views and close proximity to the water and village amenities.
Sold fully furnished with recent capital improvements—including a newer roof, fresh exterior paint, and a reinforced deck—this home offers an effortless transition for vacationers or investors.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With 131 days on market and a previous price reduction, the property may face challenges with buyer perception or pricing alignment in the current mountain real estate climate.
Fitting four bedrooms into 1,616 square feet suggests a more compartmentalized layout, which may feel restrictive to buyers seeking the expansive, open-concept great rooms common in modern mountain builds.
Lake Rights and just minutes from the water with peek a boo lake views, this custom Arrowhead Woods home offers the perfect blend of mountain charm, space, and convenience—complete with a two-car garage, additional driveway parking, and a large workshop or storage area below the garage. Set on a generous lot, this home delivers a warm, cozy cabin feel while offering plenty of room to spread out with 4 bedrooms and 3 bathrooms. Inside, you’ll appreciate the spacious layout designed for comfortable everyday living or weekend getaways. Recent improvements include a newer roof (approximately 10 years old), recent exterior paint, and a recently reinforced deck, adding peace of mind and long-term value. Two furnace units provide efficient heating and year-round comfort. The inviting interior is being sold furnished, making this an easy turnkey opportunity as a full-time residence, vacation retreat, or investment property. Enjoy relaxing on the deck, taking in the mountain air, and being just moments from Lake Arrowhead’s recreation, dining, and village amenities. A rare combination of lake rights, functional space, and classic cabin character in a highly desirable location.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades K-5 • 5.9 mi
Grades K-5 • 7.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,616 | 2,126 |
| Lot Size | 16,028 | 9,850 |
| Price | $650.0K | $669.1K |
| Price per sq ft | $402 | $346 |
| Built year | 1983 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 153 | 92 |
Jul 14, 2026
$650,000
$660,000
-2% Price Drop
Initial Listing
May 12, 2026
$660,000
$695,000
-5% Price Drop
Initial Listing
Feb 19, 2026
$695,000
Initial Listing
Dec 20, 2002
$290,000
Public Record