27487 Matterhorn, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 5 bath
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Lake Arrowhead, California 92352
This 4,500 sq. ft. Mountain Estate is a Strong Value Opportunity, listed at $1,500,000—positioned well above the $1,324,160 Fair Market Value by -13%. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a whole-house generator, A/C, and panoramic mountain views. With a 1/2 acre double lot, mini orchard, and Lake Rights, this home provides a unique lifestyle sanctuary. It is an ideal acquisition for Owner-Occupants seeking a turnkey retreat or vacation rental investors looking for high-end mountain amenities.
Property is moderate renovation needed.
Built in 1992 (32 years old), the estate is exceptionally well-maintained but remains largely in its original state. The kitchen features dated oak cabinetry and white tile countertops typical of the 1990s. While the inclusion of a whole-house generator and A/C are excellent system upgrades, the primary interior finishes in the kitchen and bathrooms require modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27914, living area = 4512.
The property features a rare double lot with a mini orchard of 30 fruit trees, a Napa-style outdoor kitchen, and a rose garden, offering a unique level of outdoor luxury for the area.
Spanning over 4,500 sq. ft., this 5-bedroom home is offered fully furnished and includes high-value upgrades like a whole-house generator, A/C, and a level-entry design for easy access.
A recent $150,000 price reduction shortly after listing suggests the initial pricing may have been aggressive relative to current market demand or comparable sales.
The assigned elementary schools carry lower ratings (3 and 4), which may be a consideration for families prioritizing top-tier educational districts for their children.
Welcome to “Black Bear Lodge” — an extraordinary 4,500 sq. ft. mountain estate offering luxury lodge living, panoramic mountain views, and coveted Lake Rights to the pristine private waters of Lake Arrowhead. The entire estate is wonderfully designed, crafted and maintained from the custom carved front door to the custom milled siding and of course the carved Yogi bear & lodge-pole railings. ~ This impressive 5 bedroom/5 bathroom retreat combines grand scale with warm mountain character, featuring an open floor plan designed for entertaining and comfortable multi-generational living. The level-entry main floor includes a spacious primary suite with fireplace and stone surrouned spa-tub. Soaring living spaces, and seamless indoor-outdoor flow to an extra-large deck overlooking breathtaking mountain scenery. ~ Designed for recreation and relaxation, the home features a huge game & theatre room, separate family room, plus a dedicated gym/office space — offering flexibility for gatherings, remote work, or vacation rental potential. ~ Situated on a beautifully landscaped and terraced double lot of over 1/2 acre, the grounds are truly one of a kind. Enjoy your own mini orchard with approximately 30 fruit trees, a stunning rose garden, and a Napa-style outdoor dining experience beneath vine-covered trellises. The fantastic outdoor kitchen creates the perfect setting for entertaining under the stars. ~ Additional amenities include a garage, covered parking, RV/boat parking, whole-house automatic generator, A/C, public utilities, and high-speed internet. Offered fully furnished & decorated so you can start enjoying right away! Located on a plowed and county-maintained road for convenient year-round access. ~ “Black Bear Lodge” offers the ultimate mountain lifestyle — combining privacy, luxury, outdoor beauty, and unforgettable entertaining spaces in one remarkable Lake Arrowhead retreat.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.0 mi
Grades K-5 • 8.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,512 | 2,126 |
| Lot Size | 27,914 | 9,850 |
| Price | $1.50M | $669.1K |
| Price per sq ft | $332 | $346 |
| Built year | 1992 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 60 | 92 |
Jun 19, 2026
$1,500,000
$1,650,000
-9% Price Drop
Initial Listing
May 23, 2026
$1,650,000
Initial Listing
Oct 9, 2019
$862,000
Public Record
Sep 30, 2013
$625,000
Public Record