
Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $675,000—positioned well above the $636,902 Fair Market Value by 5%. While priced slightly above market, the property features a Mint Condition Rating with a fully renovated kitchen, new HVAC, and modern finishes. Residents enjoy exclusive lake rights, a private sandy beach, and proximity to the Rim of the World School District. This home offers a premium, stress-free lifestyle for second-home buyers or lifestyle-focused owner-occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27721 Peninsula Drive 231 Subject 3 bd · 2 ba · 1,263 sqft · $504 | $675,000* List Price | 3 | 2 | 1,263 | $504 | - |
A 27821 Peninsula Drive 328 Active 3 bd · 2 ba · 1,245 sqft · $439 · 0.0 mi | $547,000 List Price | 3 | 2 | 1,245 | $439 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1979, the property has undergone a comprehensive modern renovation within the last 5 years. It features a fully updated kitchen with white cabinetry and stainless appliances, renovated bathrooms, new wood flooring, and upgraded HVAC ducting, meeting the criteria for mint condition with no immediate maintenance required.
The property includes coveted Lake Arrowhead lake rights and direct access to a private sandy beach, offering a premium recreational lifestyle that is highly sought after in the area.
The home features a beautifully updated open-concept kitchen with stainless steel appliances and farmhouse finishes, complemented by soaring vaulted ceilings and contemporary wood flooring.
Situated within the gated Meadow Bay North community, the residence provides enhanced security, privacy, and professional landscaping, making it an ideal lock-and-leave retreat.
The monthly HOA fee of $719 is substantial and may impact the overall affordability and debt-to-income ratio for potential buyers.
The property has undergone two price reductions within its first 36 days on the market, suggesting that the initial list price was not aligned with current buyer expectations.
Welcome to Meadow Bay Hideaway — 27721 Peninsula Drive #231, Lake Arrowhead. Tucked inside the gated community of Meadow Bay North, Meadow Bay Hideaway is a beautifully updated Lake Arrowhead retreat where modern mountain style meets one of the area’s most desirable amenities: a private sandy beach reserved for homeowners and their guests. Step inside to soaring vaulted ceilings, walls of windows, warm wood floors, and an open layout filled with natural light. The living room is centered around a stone fireplace and handsome wood accent wall, creating a cozy gathering space that still feels fresh, bright and contemporary. The open-concept kitchen and dining area have been thoughtfully updated with crisp white cabinetry, stainless steel appliances, generous counter space, farmhouse-style sink, open shelving and statement lighting. Sliding glass doors open directly to the deck, extending the living space into the trees and creating the perfect spot for morning coffee, summer dinners or a quiet glass of wine after a day on the lake. Upstairs, the spacious bedrooms feature vaulted ceilings, abundant windows and peaceful forest views. Updated bathrooms, indoor laundry and new HVAC ducting add comfort and convenience for year-round mountain living. Meadow Bay North offers the added privacy of a gated entrance, beautifully maintained surroundings and ample community parking, making it easy to host family and friends. But the true magic of Meadow Bay Hideaway is the lifestyle just outside your door. Wander down through the community to the private beach, spend warm afternoons swimming and relaxing along the shoreline, launch the paddleboard for a morning on the water, or head out boating and enjoy everything that comes with coveted Lake Arrowhead lake rights. Whether you are looking for a weekend escape, a full-time mountain home or an easy lock-and-leave retreat, Meadow Bay Hideaway captures the best of Lake Arrowhead living—gated privacy, beautiful interiors, towering pines and your own private path to the lake. Welcome to Meadow Bay Hideaway, where mountain mornings begin among the pines and summer afternoons end with your toes in the sand.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.5 |
| Square foot | 1,263 | 1,726 |
| Lot Size | 936 | 992 |
| Price | $675.0K | $906.5K |
| Price per sq ft | $534 | $506 |
| Built year | 1979 | 1973 |
| HOA | $719.0 | $704 |
| Days on market | 57 | 239 |
Oct 3, 2026
$675,000
$695,000
-3% Price Drop
Initial Listing
Sep 15, 2026
$695,000
$725,000
-4% Price Drop
Initial Listing
Aug 28, 2026
$725,000
Initial Listing
Jan 10, 2025
$630,000
Public Record
Aug 31, 2020
$465,000
Public Record
Aug 31, 1999
$210,000
Public Record