27457 Oakwood, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $820,000—positioned well above the $771,402 Fair Market Value by 6%. While the price reflects a premium, the Condition Rating of 4 and the third-floor expansion potential offer significant upside for forced appreciation. Featuring panoramic mountain views, lake rights, and RV/boat parking, this home provides a unique mountain lifestyle for those willing to complete the unfinished square footage. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in the Rim of the World school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27457 Oakwood Subject | $820,000* List Price | 3 | 3 | 2,678 | $288 | - |
A 277 Grizzly Road Sold | $895,000 | 5 | 4 | 2,824 | $317 | 0.2 mi |
B 641 Golf Course Road Sold | $845,000 | 4 | 3 | 2,828 | $299 | 0.8 mi |
C 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.6 mi |
D 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.1 mi |
E 692 Zurich Drive Active | $859,000 List Price | 3 | 3 | 2,463 | $349 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (32 years old), the home is functional but dated, featuring original honey oak trim and 90s-style gold bathroom fixtures. While it has some newer laminate flooring, the unfinished rooms on the third floor and the 30+ year age of the structure and systems necessitate updates and minor repairs to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 2678.
The property includes highly coveted Lake Arrowhead lake rights and features extensive outdoor living space with three large decks and dedicated RV or boat parking with an access road.
The third floor contains two nearly completed rooms with a separate entrance, providing a unique opportunity to easily add finished square footage, a guest suite, or a rental unit.
The third-level rooms are currently incomplete, which may require immediate additional investment and construction oversight from the buyer to finalize the space.
The three-story layout may be a drawback for buyers seeking single-level living or those with mobility concerns, as it requires navigating multiple flights of stairs daily.
Beautiful three-story mountain lifestyle home located on a large lot in Lake Arrowhead. The main entry-level floor features an open floor plan with a kitchen and living room, characterized by numerous windows and natural light, as well as a half bathroom and laundry room. The second floor includes three bedrooms and two baths; notably, the master bedroom contains an additional room currently utilized as an office. Furthermore, the third floor offers two nearly completed rooms with a separate entrance. While one room is currently being used as a workshop, this level holds significant potential. The property also boasts three large decks for outdoor living and entertainment, lake rights, and a large area for RV or boat parking with an access road. Big utility or storage room outside of the property.
No exterior & parking available.
Grades PK-5 • 1.9 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,678 | 1,998.5 | 73% |
| Lot Size | 11,000 | 9,897 | 66% |
| Price | $820.0K | $685.0K | 65% |
| Price per sq ft | $306 | $344 | 35% |
| Built year | 1992 | 1978 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 212 | 1% |
Jun 2, 2026
$820,000
Initial Listing
Aug 1, 2017
$390,000
Public Record