27403 Alpen Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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27403 Alpen Drive
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,616Sq Ft
16,028Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$573,299
13% AboveMARKET VALUE
SUMMARY
This 4-bedroom mountain residence represents a High-Potential Investment Opportunity, listed at $650,000—positioned above the $573,300 Fair Market Value by -13%. While the property requires interior modernization to address its Condition Rating of 4, it offers significant utility through a large 16,028 sqft lot, two-car garage, and workshop space. With Lake Rights and a reinforced deck, this turnkey-furnished asset is well-suited for Buy-and-Hold Investors or vacation home buyers seeking a functional, long-term mountain retreat.
Estimated Market Value
$573,299
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27403 Alpen Drive Subject | $650,000* List Price | 4 | 3 | 1,616 | $355 | - |
A 544 Old Toll Sold | $595,000 | 4 | 3 | 1,690 | $352 | 0.5 mi |
B 1348 Manzanita Sold | $540,000 | 4 | 3 | 1,856 | $291 | 0.7 mi |
C 27302 Pinewood Sold | $529,000 | 3 | 3 | 1,670 | $317 | 0.9 mi |
D 27963 St. Bernard Ln Sold | $500,000 | 3 | 2 | 1,327 | $377 | 0.6 mi |
E 1140 Evergreen Lane Sold | $470,000 | 3 | 2 | 1,028 | $457 | 0.4 mi |
F 846 Golf Course Sold | $767,000 | 3 | 3 | 1,989 | $386 | 0.6 mi |
G 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.8 mi |
H 1181 Voltaire Sold | $570,000 | 4 | 3 | 2,010 | $284 | 0.9 mi |
I 1127 Yukon Active | $529,700 List Price | 4 | 2 | 1,780 | $298 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1983, the property is over 40 years old and retains a dated interior aesthetic, including older carpeting and wallpaper. While the home is well-maintained with a 10-year-old roof, recent exterior paint, and a reinforced deck, the kitchen and bathrooms appear to be original or older renovations that need updating to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Lake Rights & Location
Situated in the desirable Arrowhead Woods with coveted lake rights, this property offers proximity to the water and peek-a-boo lake views, significantly enhancing its recreational and resale value.
- Turnkey Furnished Opportunity
The home is sold fully furnished and features recent upgrades like a newer roof and reinforced deck, providing a seamless transition for use as a vacation rental or immediate second home.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Extended Market Time
With nearly 200 days on the market and multiple price reductions, the property may face perception challenges regarding its initial valuation or current market positioning.
- Dated Architectural Era
Built in 1983, the home’s classic cabin aesthetic may require interior modernization to compete with newer or fully remodeled luxury residences in the Lake Arrowhead market.
About 27403 Alpen Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 16,028 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.6 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.9 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 7.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,616 | 2,015.827 |
| Lot Size | 16,028 | 10,163.827 |
| Price | $650.0K | $655.9K |
| Price per sq ft | $402 | $341 |
| Built year | 1983 | 1980 |
| HOA | $0 | $544 |
| Days on market | 202 | 78 |
Pricing History
Listed for Sale
Jul 14, 2026
$650,000
$660,000
-2% Price Drop
Initial Listing
Price Change
May 12, 2026
$660,000
$695,000
-5% Price Drop
Initial Listing
Price Change
Feb 19, 2026
$695,000
Initial Listing
Sold
Dec 20, 2002
$290,000
Public Record