27487 Matterhorn, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 5 bath
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Lake Arrowhead, California 92352
This 6-bedroom mountain estate represents a High-Potential Investment Opportunity, listed at $1,650,000—positioned well above the $1,317,375 Fair Market Value. While the property commands a premium, it offers significant value through its 4,512 sq. ft. custom lodge architecture, panoramic mountain views, and coveted Lake Rights. With a Condition Rating of 4, the home is well-maintained but offers room for cosmetic modernization. This unique retreat is ideal for Buy-and-Hold Investors seeking vacation rental potential or Owner-Occupants desiring a turnkey, multi-generational mountain sanctuary.
Property is moderate renovation needed.
Built in 1992 (34 years old), the property is exceptionally well-maintained but remains largely in original condition. The kitchen features dated oak cabinetry and white tile countertops, and the bathrooms utilize older pedestal sinks and fixtures. While systems are strong (A/C and whole-house generator included), the interior aesthetics like wallpaper borders and 90s-era finishes place it in the 'Fair' category due to age and the need for cosmetic updates.
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.
Situated in the prestigious Arrowhead Woods with essential Lake Rights, this estate offers exclusive access to private lake amenities and year-round accessibility on a county-maintained road.
Boasting 4,500 sq. ft. of custom-crafted lodge architecture, the home is offered fully furnished with high-end amenities like a theatre room, gym, and whole-house generator, providing immediate move-in readiness.
The extensive custom woodwork, 30-tree orchard, and large terraced grounds will require significant ongoing professional maintenance and higher-than-average upkeep costs for a secondary residence.
With local school ratings ranging from 3 to 6, the property may be less appealing to primary-residence buyers prioritizing top-tier educational performance 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 5.0 | 3.0 | 92% |
| Square foot | 4,512 | 1,998.5 | 96% |
| Lot Size | 27,914 | 9,897 | 95% |
| Price | $1.65M | $685.0K | 90% |
| Price per sq ft | $366 | $346 | 59% |
| Built year | 1992 | 1978 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 212 | 1% |
May 23, 2026
$1,650,000
Initial Listing
Oct 9, 2019
$862,000
Public Record
Sep 30, 2013
$625,000
Public Record