27454 Matterhorn Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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27454 Matterhorn Drive
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,969Sq Ft
11,559Lot Size
Property Price
LIST PRICE$799,500
EST. MARKET VALUE
$765,373
4% AboveMARKET VALUE
SUMMARY
This Spacious Mountain Residence represents a High-Potential Investment Opportunity, listed at $799,500—positioned well below the $824,059 Fair Market Value by 2%. This valuation gap provides $24,559 in Instant Equity. While the home maintains a Condition Rating of 4, its 3,000 square feet, spacious deck, and mountain views offer significant upside for cosmetic modernization. Located near Rim of the World High School, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through strategic updates.
Estimated Market Value
$765,373
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 |
|---|---|---|---|---|---|---|
★ 27454 Matterhorn Drive Subject 3 bd · 3 ba · 2,969 sqft · $258 | $799,500* List Price | 3 | 3 | 2,969 | $258 | - |
A 755 Grass Valley Sold 4 bd · 4 ba · 2,842 sqft · $221 · 0.9 mi | $628,000 | 4 | 4 | 2,842 | $221 | 0.9 mi |
B 27808 Alpen Drive Sold 4 bd · 4 ba · 2,858 sqft · $262 · 0.5 mi | $750,000 | 4 | 4 | 2,858 | $262 | 0.5 mi |
C 1034 Teakwood Sold 4 bd · 3 ba · 2,754 sqft · $321 · 0.5 mi | $883,000 | 4 | 3 | 2,754 | $321 | 0.5 mi |
D 892 Nadelhorn Drive Sold 3 bd · 3 ba · 2,588 sqft · $317 · 0.5 mi | $820,000 | 3 | 3 | 2,588 | $317 | 0.5 mi |
E 27814 North Bay Sold 4 bd · 4 ba · 2,990 sqft · $219 · 0.5 mi | $655,000 | 4 | 4 | 2,990 | $219 | 0.5 mi |
F 27920 Matterhorn Sold 5 bd · 4 ba · 3,079 sqft · $302 · 0.6 mi | $930,000 | 5 | 4 | 3,079 | $302 | 0.6 mi |
G 1681 Culbertson Lane Sold 3 bd · 3 ba · 2,450 sqft · $245 · 0.7 mi | $600,000 | 3 | 3 | 2,450 | $245 | 0.7 mi |
H 888 Talisman Sold 4 bd · 3 ba · 3,012 sqft · $279 · 0.9 mi | $840,000 | 4 | 3 | 3,012 | $279 | 0.9 mi |
I 27781 St Bernard Lane Active 4 bd · 4 ba · 3,087 sqft · $307 · 0.4 mi | $949,000 List Price | 4 | 4 | 3,087 | $307 | 0.4 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 1990, this 34-year-old home is well-maintained but largely dated. The kitchen features original oak cabinetry and older lighting fixtures, though counters have been updated. Interior finishes like the carpet, trim, and ceiling fans reflect the original construction era and require cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Generous Living Space
With nearly 3,000 square feet of thoughtfully designed space and multiple gathering areas, this home is perfectly suited for hosting large families or weekend guests.
- Prime Arrowhead Woods Location
Situated in the sought-after Arrowhead Woods subdivision, the property offers close proximity to Lake Arrowhead Village, dining, and outdoor recreation, likely including coveted lake rights.
- Scenic Mountain Setting
The home features large windows and a spacious deck that showcase peaceful forest and mountain views, providing a true mountain escape atmosphere.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 1990, the property may require cosmetic updates or interior renovations to meet the aesthetic preferences of modern luxury buyers.
- Average School Ratings
The assigned elementary and middle schools have average to below-average ratings (3-5), which may be a consideration for families prioritizing top-tier educational facilities.
About 27454 Matterhorn Drive
Nearly 3,000 sq ft on a quarter acre corner lot in Arrowhead Woods, with lake rights, and no HOA which is a rare find at this price. A mid level entry opens to two separate living areas, each anchored by a fireplace with raised hearth, which is perfect for entertaining. The kitchen has granite counters, a gas cooktop, a breakfast nook, and opens to the family room, with a formal dining room for holiday dinners. Three bedrooms and three full baths include a main floor bedroom for guests and a primary suite with a walk in closet. Outside, mountain views through the pines, a front porch, an open patio, and an attached two car garage for winter mornings. Minutes to Lake Arrowhead Village, trails, and the lake. Easy to own as a full time home, a weekend retreat, or a wonderful gathering place.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 11,559 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 1.5 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 6.0 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 8.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,969 | 1,979.061 |
| Lot Size | 11,559 | 10,277.399 |
| Price | $799.5K | $643.6K |
| Price per sq ft | $269 | $338 |
| Built year | 1990 | 1978 |
| HOA | $0 | $614 |
| Days on market | 129 | 91 |
Pricing History
Listed for Sale
Jun 17, 2026
$799,500
Initial Listing
Sold
Aug 5, 2015
$555,000
Public Record
Sold
Apr 16, 1996
$328,000
Public Record