
Lake Arrowhead, California 92352
This Custom Mountain Residence represents a Strong Value Opportunity, listed at $949,000—positioned well below the $1,150,000 Fair Market Value by 17.5%. This valuation gap offers $201,000 in Instant Equity. Featuring an Excellent Condition Rating with recent upgrades like new windows and plumbing, the home offers 4,057 sqft of living space, Panoramic Mountain Views, and Lake Rights. Located in the Rim of the World School District, this property is an ideal acquisition for Owner-Occupants or Second-Home Buyers seeking a turnkey mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27732 North Bay Subject 3 bd · 4 ba · 4,057 sqft · $234 | $949,000* List Price | 3 | 4 | 4,057 | $234 | - |
A 27920 Matterhorn Sold 5 bd · 4 ba · 3,079 sqft · $302 · 0.3 mi | $930,000 | 5 | 4 | 3,079 | $302 | 0.3 mi |
B 27801 St Bernard Sold 5 bd · 5 ba · 4,016 sqft · $263 · 0.2 mi | $1,058,000 | 5 | 5 | 4,016 | $263 | 0.2 mi |
C 28125 Geneva Lane Sold 5 bd · 4 ba · 4,000 sqft · $254 · 0.5 mi | $1,015,000 | 5 | 4 | 4,000 | $254 | 0.5 mi |
D 1305 Montreal Sold 3 bd · 4 ba · 3,905 sqft · $209 · 1.0 mi | $815,000 | 3 | 4 | 3,905 | $209 | 1.0 mi |
E 27808 Alpen Drive Sold 4 bd · 4 ba · 2,858 sqft · $262 · 0.1 mi | $750,000 | 4 | 4 | 2,858 | $262 | 0.1 mi |
F 888 Talisman Sold 4 bd · 3 ba · 3,012 sqft · $279 · 0.5 mi | $840,000 | 4 | 3 | 3,012 | $279 | 0.5 mi |
G 783 Crown Drive Sold 5 bd · 4 ba · 4,481 sqft · $184 · 0.7 mi | $826,000 | 5 | 4 | 4,481 | $184 | 0.7 mi |
H 27336 Alpen Active 4 bd · 5 ba · 3,576 sqft · $280 · 0.4 mi | $1,000,000 List Price | 4 | 5 | 3,576 | $280 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008 (17 years old), this property fits the 10-20 year age bracket for a 'Good' rating. It is exceptionally well-maintained with significant recent system updates including a new tankless water heater, new Milgard dual-pane windows, and upgraded plumbing with a 10-year warranty. The kitchen features premium stainless appliances and granite counters that, while original to the build era, remain in excellent functional condition.
The property features significant recent capital improvements, including new Milgard dual-pane windows, a new water main, and a transferable 10-year plumbing warranty, providing substantial value and peace of mind for the buyer.
With over 4,000 square feet of living space and coveted Lake Arrowhead rights, this custom home offers the rare combination of expansive interior volume for entertaining and exclusive access to private lake amenities.
Positioned on a snow-plowed road with a three-car garage and central air conditioning, the home is perfectly equipped for both full-time living and seasonal vacationing regardless of mountain weather conditions.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4057, other record living area = 3504.
The property has been active for nearly a year with multiple price reductions, which may lead to a 'stale listing' perception among buyers despite the recent price adjustments.
While the home offers a massive 4,057 square foot footprint, it only contains three bedrooms, which may limit its appeal to larger families or investors looking to maximize sleeping capacity for short-term rentals.
Bring the whole crew. There’s room for everyone and room to disappear when you want to. With more than 4,000 square feet of living space, this custom Lake Arrowhead home gives you room to settle in, bring everyone together, and still find a quiet corner of your own. Set among the trees with coveted lake rights, it is a home made for long weekends, full houses, and years of mountain memories. From the moment you arrive, the scale of the home is apparent. The spacious three-car garage and private driveway offer room for vehicles, mountain gear, and storage, with the potential to accommodate an automotive lift for the serious car enthusiast. Inside, soaring vaulted ceilings give the main living area a sense of volume and light. Multiple living spaces let the house work beautifully for a full house: cocktails and conversation upstairs, a movie or game downstairs—or a quiet retreat when you want one. The kitchen is designed for everyday living and entertaining, with a large island, walk-in pantry, dedicated coffee station, abundant cabinetry, and premium stainless-steel appliances. Private bedrooms and flexible spaces give family and guests room to settle in, while the home's scale makes extended stays comfortable. Thoughtful updates bring modern comfort and peace of mind, including brand-new Milgard dual-pane windows, new redwood railings, a new tankless water heater, fire sprinklers, and a new water main. The upgraded plumbing comes with a transferable 10-year warranty for the new owner. Central heating and air conditioning provide year-round comfort, and the indoor laundry room includes a utility sink, folding table, and ample cabinetry. Outside, the mountain setting becomes part of everyday life. The oversized back deck is made for fresh coffee in hand and crisp mountain air, or gathering with friends as the afternoon stretches into evening. A low-maintenance side yard offers easy outdoor space with room for a dog run. A mature peach tree adds a touch of mountain living, producing an abundance of fruit. The home is on a snow-plowed road for convenient year-round access. And with lake rights, summer days can mean time on the water, while nearby trails and the surrounding forest offer another way to enjoy the mountain. Offered with the opportunity for new designer furnishings, 27732 North Bay offers space and flexibility for memorable weekends, extended stays, or full-time mountain living. Come experience it in person.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades K-5 • 6.3 mi
Grades K-5 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,057 | 1,979.061 |
| Lot Size | 11,400 | 10,277.399 |
| Price | $949.0K | $643.6K |
| Price per sq ft | $234 | $338 |
| Built year | 2008 | 1978 |
| HOA | $0 | $614 |
| Days on market | 369 | 91 |
Sep 16, 2026
$949,000
$999,000
-5% Price Drop
Initial Listing
Feb 3, 2026
$999,000
$1,100,000
-9% Price Drop
Initial Listing
Jan 10, 2026
$1,100,000
$1,150,000
-4% Price Drop
Initial Listing
Oct 20, 2025
$1,150,000
Initial Listing
Jun 15, 1999
$20,000
Public Record