
Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $505,000—positioned well below the $500,700 Fair Market Value (priced at market). While the home has a Fair Condition Rating and requires cosmetic updates, it features owned solar power, new dual-pane windows, and full lake rights. The large 10,610 sqft lot and unfinished basement provide significant room for value-add renovations. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build equity through sweat equity in a prime mountain location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27770 North Bay Road Subject 3 bd · 3 ba · 1,904 sqft · $263 | $505,000* List Price | 3 | 3 | 1,904 | $263 | - |
A 27376 Alpen Sold 4 bd · 2 ba · 1,784 sqft · $247 · 0.6 mi | $440,000 | 4 | 2 | 1,784 | $247 | 0.6 mi |
B 1285 Yukon Drive Sold 3 bd · 3 ba · 1,397 sqft · $336 · 0.5 mi | $470,000 | 3 | 3 | 1,397 | $336 | 0.5 mi |
C 965 Sandalwood Drive Sold 3 bd · 3 ba · 2,030 sqft · $253 · 0.9 mi | $514,500 | 3 | 3 | 2,030 | $253 | 0.9 mi |
D 27721 St Bernard Lane Sold 3 bd · 3 ba · 2,390 sqft · $228 · 0.2 mi | $545,000 | 3 | 3 | 2,390 | $228 | 0.2 mi |
E 1341 Calgary Drive Sold 3 bd · 2 ba · 1,204 sqft · $328 · 0.9 mi | $395,000 | 3 | 2 | 1,204 | $328 | 0.9 mi |
F 983 Teakwood Sold 3 bd · 2 ba · 1,676 sqft · $227 · 0.8 mi | $380,000 | 3 | 2 | 1,676 | $227 | 0.8 mi |
G 831 Nadelhorn Sold 3 bd · 2 ba · 1,296 sqft · $316 · 0.6 mi | $410,000 | 3 | 2 | 1,296 | $316 | 0.6 mi |
H 28165 Grenoble Active 3 bd · 3 ba · 2,060 sqft · $315 · 0.5 mi | $649,000 List Price | 3 | 3 | 2,060 | $315 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978 (46 years old), the property is explicitly described as needing repairs and updating. While it features some modern improvements like owned solar and new dual-pane windows, the interior finishes and systems are dated, placing it in the 'Fair' category for a mountain fixer-upper.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10610, living area = 1904.
The property includes highly coveted full lake rights and is ideally situated within walking distance to Tavern Bay Beach Club and the UCLA Lake Arrowhead Conference Center.
Equipped with owned solar power and newly installed dual-pane windows, this home offers significant energy savings and modern efficiency rare for its year of construction.
The property is explicitly noted as needing repairs and cosmetic updates, which will require additional capital investment and time from the buyer post-purchase.
The inclusion of an unfinished basement represents a significant portion of the structure that requires further construction to be utilized as functional living space.
Discover the possibilities in this charming 3-bedroom, 3-bathroom Lake Arrowhead home with full lake rights, stunning ridge views, and glimpses of the lake through dramatic two-story windows. In need of repairs and updating, this property offers an opportunity to create a mountain retreat that reflects your style. The open-concept kitchen flows into the soaring living room, where scenic views and a gas fireplace create an inviting gathering space. A second gas fireplace in a bedroom adds to the mountain charm. Bedrooms and bathrooms on two levels offer flexibility and privacy, while additional highlights include new dual-pane windows, updated bathrooms, owned solar power, a living room loft, and a spacious primary retreat. The home also includes an unfinished basement. Step outside to a wraparound deck —ideal spaces for entertaining, barbecues, and stargazing. The natural surroundings offer opportunities to spot local wildlife and enjoy the mountain setting with your four-legged companions. Located on a county-maintained road with convenient year-round access, the property offers dual access, including a level-entry option, driveway parking, and additional rear access. Enjoy convenient routes to Mountains Community Hospital, school bus stops, and downtown Blue Jay, along with walking access to the lake, Tavern Bay Beach Club, and the UCLA Lake Arrowhead Conference Center. Whether you’re planning a full-time residence, weekend getaway, or vacation home, bring your ideas and explore the potential of this Lake Arrowhead retreat!
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.3 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,904 | 1,979.061 |
| Lot Size | 10,610 | 10,277.399 |
| Price | $505.0K | $643.6K |
| Price per sq ft | $265 | $338 |
| Built year | 1978 | 1978 |
| HOA | $0 | $614 |
| Days on market | 5 | 91 |
Oct 19, 2026
$505,000
Initial Listing
Jan 14, 2010
$173,000
Public Record
Mar 19, 2004
$249,000
Public Record
Apr 5, 2002
$185,000
Public Record