27821 Peninsula #330, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This Strong Value Opportunity is a 4-bedroom mountain retreat listed at $850,000—positioned well below the $920,185 Fair Market Value by 7%. This valuation gap provides $70,185 in Instant Equity. Featuring a Fair Condition Rating, the property includes a premier dock and lake rights, offering significant upside for cosmetic modernization. With short-term rental potential and low-maintenance HOA coverage, this is a versatile asset for Buy-and-Hold Investors or Owner-Occupants seeking a high-amenity lake lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27821 Peninsula #330 Subject | $799,950* List Price | 4 | 3 | 1,962 | $433 | - |
A 203 Village Sold | $679,000 | 3 | 2 | 1,387 | $490 | 0.6 mi |
B 27114 Sugar Pine Drive Active | $598,000 List Price | 3 | 3 | 1,518 | $394 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is functional but dated. While it features some cosmetic updates like newer flooring and painted kitchen cabinets, the kitchen retains older tile countertops and a vintage layout. The wood-paneled walls and original brick fireplace reflect its age (>20 years since major renovation), indicating a need for modernization in the kitchen and bathrooms.
The listing includes a premier dock valued at $170,000 and lake rights, with the seller offering to pay a $22,000 assessment plus one year of HOA dues, providing significant upfront equity and financial incentives.
Situated in the desirable Meadow Bay North community, the property is just steps from a private beach and the included dock, featuring lake views and close proximity to the Lake Arrowhead Country Club.
The HOA provides comprehensive exterior maintenance including roofs, siding, and snow removal, offering a 'lock-and-leave' convenience ideal for a secondary mountain retreat or investment property.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1170, other record lot size in square feet = 772. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1962, other record living area = 1306. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $700 monthly HOA fee represents a significant recurring expense that may impact the long-term budget for buyers once the initial seller-paid year expires.
The 6-night minimum stay requirement for short-term rentals may limit the property's appeal to the weekend-traveler market, potentially reducing the overall annual rental yield for investors.
Lake Rights ~DOCK INCLUDED ~Located in the highly desirable Meadow Bay North community, this exceptional mountain retreat offers the ultimate Lake Arrowhead lifestyle package—complete with Lake Rights and a premier Dock included in the price to the private Meadow Bay beach area. Priced at $799,950 for the entire package with the dock (value of dock $170,000) (value of condo $629,950) this is a rare opportunity to own a lake escape with incredible amenities and flexibility. Offering 4 bedrooms and 2.5 baths, the thoughtfully designed floor plan provides an easy flow for both full-time living and weekend entertaining. A bedroom on the main level allows for convenient single-level living, paired with the kitchen, living room, and a private deck to enjoy the mountain air and peaceful surroundings. Other guest rooms up, all 3 with fabulous vaulted ceilings, two of the bedrooms have a Jack and Jill 1/2 Bath and there is a full bath as well on this level. A private deck off of this level too. Lake view from two rooms! The HOA makes it easy on the owners by covering exterior maintenance including roofs, siding, and decks, along with trash and snow removal—allowing more time to simply enjoy the lake life. Short-term rentals are permitted with a county permit and a 6-night minimum stay, making this property an excellent personal retreat or investment opportunity. Additional highlights include ample parking, approximately 200 square feet of storage perfect for water toys and lake gear, and a location just minutes from the Lake Arrowhead Country Club and Lake Arrowhead Village. Better yet, your dock is just a quick walk away—and the boat itself may even be included! As an added bonus, Seller is willing with the right offer to pay off the new $22,000 property assessment! This truly is the complete Lake Arrowhead package—dock, lake rights, location, private beach, lifestyle, and convenience all wrapped into one incredible offering. Square footage of condo has not been verified, records indicate 1962 sf, buyers and agent to satisfy themselves. This home is classified as a townhome and insurance needs to be established as a townhome.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.2 mi
Grades K-5 • 7.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 89% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 1,962 | 1,404 | 89% |
| Lot Size | 1,170 | 923 | 78% |
| Price | $800.0K | $390.0K | 78% |
| Price per sq ft | $408 | $326 | 56% |
| Built year | 1972 | 1981 | 33% |
| HOA | $700.0 | $615 | 89% |
| Days on market | 28 | 190 | 11% |
Jun 12, 2026
$799,950
$850,000
-6% Price Drop
Initial Listing
May 19, 2026
$850,000
Initial Listing
Sep 21, 2012
$189,000
Public Record
May 19, 2005
$349,500
Public Record
Jun 27, 2000
$203,000
Public Record