
Lake Arrowhead, California 92352
This Turnkey Mountain Residence is a High-Potential Investment Opportunity, listed at $975,000—positioned well above the $925,402 Fair Market Value by 5%. Despite the premium, the property maintains a Good Condition Rating and offers a proven, high-demand STR history with unobstructed lake views, a private Jacuzzi, and 1,500 SF of deck space. Located in the Rim of the World School District, this asset provides immediate income-generating potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused, income-producing mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27721 Caribou Subject | $975,000* List Price | 3 | 3 | 2,704 | $342 | - |
A 27366 Matterhorn Sold | $775,000 | 4 | 4 | 2,450 | $316 | 0.5 mi |
B 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.8 mi |
C 28245 Arbon Lane Sold | $780,000 | 3 | 3 | 2,811 | $277 | 0.7 mi |
D 929 Lucerne Lane Sold | $1,200,000 | 4 | 4 | 2,894 | $415 | 0.9 mi |
E 27685 St Bernard Sold | $890,000 | 3 | 3 | 2,612 | $341 | 0.1 mi |
F 27808 Alpen Drive Active | $798,000 List Price | 4 | 4 | 2,858 | $279 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1978 but qualifies as Good due to being well-maintained and turnkey. The kitchen features recently updated stainless steel appliances, and bathrooms have been updated with designer touches, heated floors, and a jetted tub. The home includes central HVAC and a strong recent inspection report, making it move-in ready despite its age.
The property features unobstructed lake and panoramic mountain views, including Snow Valley and San Gorgonio, complemented by nearly 1,500 square feet of deck space and a private Jacuzzi.
This turnkey home has a successful, high-demand STR/Airbnb history with five-star reviews and includes coveted Lake Rights, offering immediate income-generating potential for investors.
Positioned at a below-market price point with a motivated seller and recent price reductions, the home offers significant value for a 2,704 square foot residence in Arrowhead Woods.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9860, other record lot size in square feet = 9500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2704, other record living area = 1926.
The property has been on the market for 123 days, which may lead prospective buyers to question why it hasn't sold despite the 'below market' pricing and motivated seller status.
Built in 1978, the A-frame structure may require more intensive long-term maintenance and utility efficiency upgrades compared to newer mountain constructions.
From the moment you arrive at the tree covered driveway at 27721 Caribou Drive, a sense of relaxation and happiness comes over you. You have arrived at a very special place. One that offers you a mountain oasis of peace, fun, and making yourself whole again. You enter to your kitchen with hickory cabinets and recently updated appliances, grab your favorite beverage, and head downstairs to the large primary bedroom. It's time for some relaxation outside on the downstairs deck, with great tree and lake views, and cool breezes. Then take a quick dip in the Jacuzzi spa, where all your troubles melt away. Once you have dressed in your huge primary bathroom with heated floors and towel rack, hand painted sinks, and a jetted tub, it's time to head up to the great room, to enjoy the A-frame/prow panoramic views of the lake and mountain tops. Perhaps build a cozy fire in your Regency airtight wood burning stove. Or head out to the huge upstairs deck, in essence its own outdoor living room, to enjoy the sunset, dinner, and star gazing while cooking smores in your firepit. Later, join your friends and family in the game room to make great memories while playing billiards or table tennis. When it's time, retreat to your primary bedroom suite for a restful sleep, and dreams of tomorrow and mountain fun walking around the lake, taking a nearby hike, boating, swimming, or even some snow skiing, depending on the season. Offer your family or guests the additional two large bedrooms upstairs, complete with their own lake views and cozy reading nooks. Need more space? The main level game room could easily be converted to a fourth bedroom. All three bathrooms have charming, designer touches including mountain themed backsplashes and painted sinks. Be comfortable year-round with central heat and air conditioning. The home also has a laundry/work room, and a concrete, insulated basement for plentiful storage. So let’s review: LAKEVIEW, check. BELOW MARKET PRICE, check. SUCCESSFUL STR/AirBnB History, check. Look no further -- THIS IS IT. This home is a highly successful, in demand STR - producing a solid income flow - with all 5-star guest reviews. Pride of ownership is evident throughout, as demonstrated by a recent strong home inspection report. A turnkey, unobstructed lakeview, mountain experience is a rare find at this price point. Seller is motivated, as evident by the below market pricing. Come see this gem now, and start enjoying your dream lake lifestyle!
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades K-5 • 6.3 mi
Grades K-5 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,704 | 2,126 |
| Lot Size | 9,860 | 9,850 |
| Price | $975.0K | $669.1K |
| Price per sq ft | $361 | $346 |
| Built year | 1978 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 146 | 92 |
Jun 30, 2026
$975,000
$979,000
+0% Price Increase
Initial Listing
Jun 12, 2026
$979,000
$995,000
-2% Price Drop
Initial Listing
Feb 27, 2026
$995,000
Initial Listing
Feb 29, 2012
$530,000
Public Record
Jul 10, 1997
$180,000
Public Record