27487 North Bay, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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27487 North Bay
Lake Arrowhead, California 92352
ACTIVE
CONDITION: GOOD
4Beds
4Baths
3,100Sq Ft
9,392Lot Size
Property Price
LIST PRICE$675,000
EST. MARKET VALUE
$675,000
SUMMARY
This Spacious Mountain Retreat is a Strong Value Opportunity, listed at $675,000—positioned well below the $675,000 Fair Market Value (priced at market stability). The property maintains a Condition Rating of 3, featuring recent upgrades like a generator, EV charger, and reconstructed parking deck. With 3,100 sqft, a versatile bonus room, and proximity to the Rim of the World school district, it offers both lifestyle appeal and rental potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey mountain residence.
Estimated Market Value
$675,000
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 |
|---|---|---|---|---|---|---|
★ 27487 North Bay Subject 4 bd · 4 ba · 3,100 sqft · $218 | $675,000* List Price | 4 | 4 | 3,100 | $218 | - |
A 160 Birchwood Sold 4 bd · 4 ba · 3,109 sqft · $230 · 0.6 mi | $715,000 | 4 | 4 | 3,109 | $230 | 0.6 mi |
B 27808 Alpen Drive Sold 4 bd · 4 ba · 2,858 sqft · $262 · 0.7 mi | $750,000 | 4 | 4 | 2,858 | $262 | 0.7 mi |
C 888 Talisman Sold 4 bd · 3 ba · 3,012 sqft · $279 · 0.8 mi | $840,000 | 4 | 3 | 3,012 | $279 | 0.8 mi |
D 27535 St Bernard Lane Sold 4 bd · 3 ba · 2,834 sqft · $268 · 0.8 mi | $760,000 | 4 | 3 | 2,834 | $268 | 0.8 mi |
E 755 Grass Valley Sold 4 bd · 4 ba · 2,842 sqft · $221 · 0.7 mi | $628,000 | 4 | 4 | 2,842 | $221 | 0.7 mi |
F 965 Sandalwood Drive Sold 3 bd · 3 ba · 2,030 sqft · $253 · 0.7 mi | $514,500 | 3 | 3 | 2,030 | $253 | 0.7 mi |
G 27734 Alpen Sold 4 bd · 3 ba · 2,650 sqft · $243 · 0.6 mi | $645,000 | 4 | 3 | 2,650 | $243 | 0.6 mi |
H 27495 Cedarwood Sold 4 bd · 3 ba · 1,926 sqft · $265 · 0.5 mi | $510,000 | 4 | 3 | 1,926 | $265 | 0.5 mi |
I 556 Pioneer Active 4 bd · 2 ba · 2,391 sqft · $242 · 0.4 mi | $579,000 List Price | 4 | 2 | 2,391 | $242 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1999, the property is well-maintained and move-in ready. While the kitchen tile is dated, the home has received significant recent updates including new appliances, updated flooring, fresh interior/exterior paint, and a reconstructed parking deck. The addition of a generator and EV charger indicates well-maintained systems.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Upgrades & Amenities
The property features high-value recent improvements including a whole-house generator, EV charger, new kitchen appliances, and fresh interior/exterior paint, ensuring a turnkey experience for buyers.
- Spacious & Versatile Layout
Boasting 3,100 sqft with two ensuite bedrooms and a 400 sqft bonus room, the home offers excellent flexibility for a full-time residence or a high-capacity vacation rental.
- Superior Parking & Access
Rare for mountain properties, this home offers a reconstructed level parking deck and a 2-car garage providing space for 4+ vehicles on plowed roads near the ALA trail system.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 2696. 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 over 200 days on the market and a history of multiple price reductions, the property may suffer from a 'stale listing' perception in a competitive market.
- Negative Equity Trend
The current list price of $675,000 is significantly below its 2022 purchase price of $740,000, indicating a notable decline in valuation over a short period.
About 27487 North Bay
Amazing Lake Arrowhead Deal Near ALA Trail #38! Just minutes from the lake, this well-maintained mountain retreat offers an ideal vacation home, investment, or full-time residence. The bright, open main level features soaring ceilings, abundant natural light, a seamless kitchen and living area, and expansive decking surrounded by seasonal oaks. A half bath and laundry complete the main floor. Downstairs are 3 bedrooms and 3 bathrooms, including 2 spacious ensuite bedrooms, one with a jetted soaking tub and walk-in closet. Approx. 400 SF bonus area currently serves as a rec room and could be considered a 4th bedroom with a walk in closet and own entrance. Enjoy a generous lot, fenced dog run, beautiful tree & seasonal ridgeline views, 2-car direct-access garage, and additional parking deck with space for 2+ cars. Recent upgrades include a reconstructed, level parking deck, improved drainage, generator, EV charger, LED lighting, new kitchen appliances, updated flooring, and fresh interior and exterior paint. With plowed roads and convenient access to the lake, shopping, dining, schools, and golf, this property delivers for mountain living!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 9,392 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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 • 7.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,100 | 1,979.061 |
| Lot Size | 9,392 | 10,277.399 |
| Price | $675.0K | $643.6K |
| Price per sq ft | $218 | $338 |
| Built year | 1999 | 1978 |
| HOA | $0 | $614 |
| Days on market | 222 | 91 |
Pricing History
Listed for Sale
Jul 21, 2026
$675,000
$679,000
-1% Price Drop
Initial Listing
Price Change
Jul 20, 2026
$679,000
$719,000
-6% Price Drop
Initial Listing
Price Change
Jul 11, 2026
$719,000
$699,000
+3% Price Increase
Initial Listing
Price Change
May 27, 2026
$699,000
$729,000
-4% Price Drop
Initial Listing
Price Change
May 22, 2026
$729,000
$749,000
-3% Price Drop
Initial Listing
Price Change
May 4, 2026
$749,000
$769,000
-3% Price Drop
Initial Listing
Price Change
Apr 8, 2026
$769,000
$799,000
-4% Price Drop
Initial Listing
Price Change
Mar 16, 2026
$799,000
Initial Listing
Sold
Jan 27, 2022
$740,000
Public Record
Sold
Apr 15, 2003
$378,000
Public Record
Sold
Apr 18, 2000
$300,000
Public Record