
Lake Arrowhead, California 92352
This 5-bedroom residence represents a Strong Value Opportunity, listed at a List Price of $699,000—positioned well below the $752,954 Fair Market Value by 7%. This valuation gap provides $53,954 in Instant Equity for buyers. With a Condition Rating of 5, the property requires a full interior rehab, though the newly replaced roof mitigates major structural risk. Featuring exclusive lake rights and a mountain view deck, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to unlock significant value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27809 Alpen Subject | $699,000* List Price | 5 | 4 | 3,037 | $248 | - |
A 28245 Arbon Lane Sold | $780,000 | 3 | 3 | 2,811 | $277 | 0.6 mi |
B 28220 Bern Lane Active | $840,000 List Price | 3 | 3 | 3,156 | $266 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966 and largely in original condition, the home requires a full interior rehab. While the roof is new, the kitchen is severely dated, and the flooring shows significant wear and staining. The listing agent's emphasis on 'potential' and 'vision' confirms the need for extensive updates to systems and finishes.
The property includes highly coveted lake rights, providing the owner with private access to Lake Arrowhead’s recreational amenities and shoreline.
With 5 bedrooms and over 3,000 square feet priced competitively, this home offers significant equity growth potential through interior renovations.
A recently replaced roof provides immediate peace of mind and eliminates one of the most costly maintenance items for a buyer looking to remodel.
The home is in need of significant interior work and modernization, which will require a substantial additional investment of time and capital.
Built in 1966, the property likely contains original systems and finishes that may not meet the efficiency or aesthetic standards of modern buyers.
Discover the potential of this Lake Arrowhead property, an exciting opportunity for a buyer with vision who is ready to bring new life to a home in one of the area’s most beautiful mountain communities. The home is in need of some work and updating, but that’s exactly what makes this property such an exciting opportunity. The roof has been recently replaced, providing an important improvement and added peace of mind as you take on the interior and other updates. With thoughtful renovations, creative improvements, and a little imagination, buyers can transform this property into something truly special while creating a home that reflects their own style and vision. Priced to sell, this is an opportunity to invest in a property with plenty of potential and make it your own. Opportunities like this don’t come around often. Instead of paying a premium for someone else’s finished vision, this property gives you the opportunity to make the improvements yourself and unlock its full potential. And with lake rights, you can enjoy one of the most desirable benefits of owning in Lake Arrowhead. Whether you’re looking for a personal mountain retreat, a future investment, or a project you can truly put your stamp on, Alpen Dr is worth it.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.4 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,037 | 2,015.827 |
| Lot Size | 10,230 | 10,163.827 |
| Price | $699.0K | $655.9K |
| Price per sq ft | $230 | $341 |
| Built year | 1966 | 1980 |
| HOA | $0 | $544 |
| Days on market | 26 | 78 |
Aug 14, 2026
$699,000
Initial Listing
May 10, 2017
$373,000
Public Record
Oct 20, 2008
$260,000
Public Record
Oct 15, 2004
$255,000
Public Record