27734 Alpen, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This Iconic Prow-Style Mountain Retreat is a Prime Investment Opportunity, listed at $698,000—positioned well below the $787,257 Fair Market Value by 11%. This valuation gap provides $89,257 in Instant Equity. Boasting a Condition Rating of 3, the home features panoramic Southern ridgeline views, full lake rights, and a spacious billiards room. Located in the Rim of the World district near Mary P. Henck Intermediate, it balances immediate lifestyle luxury with significant appreciation potential through cosmetic updates. This is an ideal acquisition for Owner-Occupants or Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27734 Alpen Subject | $698,000* List Price | 4 | 3 | 2,650 | $297 | - |
A 27685 St Bernard Sold | $890,000 | 3 | 3 | 2,612 | $341 | 0.1 mi |
B 1226 Grass Valley Sold | $629,999 | 3 | 3 | 2,050 | $307 | 0.9 mi |
C 28245 Arbon Lane Sold | $780,000 | 3 | 3 | 2,811 | $277 | 0.7 mi |
D 1181 Voltaire Active Under Contract | $575,000 List Price | 4 | 3 | 2,010 | $286 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with significant updates including engineered hardwood flooring, whole-house central HVAC, and low-maintenance Trex decking. While the kitchen and bathrooms feature older styles—such as dated cabinetry, white appliances, and older shower enclosures—they are well-maintained and fully functional. The home's structural features like the prow-style floor-to-ceiling windows and stone fireplaces are in excellent condition, and the addition of modern comforts like central air conditioning elevates it above a 'fair' rating despite the 1966 build year.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12940, living area = 2650.
The property features the highly desirable Prow design with a dramatic floor-to-ceiling wall of glass, perfectly capturing panoramic Southern ridgeline views.
Situated in Arrowhead Woods with full lake rights, owners enjoy exclusive access to private Lake Arrowhead and close proximity to the Tavern Bay beach club.
Built in 1966, the home may require ongoing maintenance or updates to its original infrastructure to meet modern efficiency standards.
The hillside positioning, while excellent for views, typically results in steep terrain that may limit usable flat outdoor space for recreation.
Perched on a hillside showcasing beautiful panoramic Southern ridgeline views, 27734 Alpen boasts the highly desirable Prow architecture design one images when escaping to the mountains. Full lake rights to private Lake Arrowhead and located off a low traffic County paved and maintained road, Alpen Dr. is known for its level street topography ideal for relaxing walks amongst a mix of Pines and Oaks. A great location, with close proximity to Tavern Bay beach club, UCLA Conference Center dining and Blue Jay shopping. A dramatic living room is accented by a massive South facing, floor to ceiling wall of glass. Two sliding doors lead directly onto the oversized, low maintenance Trex decking. Engineered hardwood flooring blankets the entire living room and bedroom areas. Cozy up next to the rustic stone, wood burning fireplace on snowy winter nights. 2 bedrooms(a 3rd room has been framed in offering 3 rooms if needed) and full bath are conveniently located off the main living area. Upstairs offers the primary en suite with attached reading loft overlooking the living room. A rear balcony perched over the fenced backyard completes the private upper level. Celebrate the holidays in the lower level billiards room fully equipped with a spacious custom bar, attached 2nd Trex deck and 2nd stacked stone wood burning fireplace. A 4th bedroom, full bath, and laundry room nook is located off the game room. Enjoy maximum comfort from whole house central heating and A/C. At 2,650 sq ft, this is a wonderful property for large families ready to create special memories in “Alps” of Southern California!
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.3 mi
Grades K-5 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,650 | 1,964 | 74% |
| Lot Size | 12,940 | 9,857 | 85% |
| Price | $698.0K | $692.5K | 52% |
| Price per sq ft | $263 | $346 | 12% |
| Built year | 1966 | 1978 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 226 | 1% |
Apr 10, 2026
$698,000
Initial Listing
Jun 29, 2018
$395,000
Public Record
Aug 13, 2004
$303,500
Public Record