
Lake Arrowhead, California 92352
Analysis of 27821 Peninsula Drive 328, Lake Arrowhead, California 92352 is currently available with a list price of $629,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite being built in 1972, the property has undergone extensive and recent renovations, particularly in the kitchen and bathrooms. The kitchen features modern dark wood cabinetry, granite countertops, a stylish subway tile backsplash, and black stainless steel appliances. Both bathrooms are fully updated with contemporary vanities, stone countertops, modern tiling, and glass shower enclosures. The flooring throughout the main living areas is updated dark wood, and bedrooms have clean, well-maintained carpeting. Light fixtures, including ceiling fans, also appear updated, indicating a high standard of recent refurbishment.
Located in the 'Ever-Desirable Meadow Bay North' with effortless access to one of Lake Arrowhead’s largest private beaches on a coveted point, complemented by charming walking paths and ample parking.
Features an inviting open layout, a convenient main level bedroom for guests, and a split-level second bedroom for privacy, enhancing functionality and appeal.
Includes a spacious entertaining deck and a primary suite with its own private deck overlooking the trees, offering Hills, Mountain(s), Neighborhood, and Trees/Woods views.
A significant monthly association fee of $684.0 could be a deterrent for potential buyers, impacting affordability and long-term ownership costs.
Built in 1972, the property is over 50 years old, which may suggest potential for outdated systems, finishes, or the need for future renovations if not already updated.
The property experienced a price reduction from $699,000 to $659,000, which could indicate an initial overpricing or a lack of buyer interest at the higher price point, potentially signaling market resistance.
An Incredible Offering in the Ever-Desirable Meadow Bay North! This one earns the User’s Choice Award for floor plan, functionality, and outdoor living. Step inside and you’ll find an inviting open layout that flows seamlessly onto a spacious entertaining deck—perfect for gatherings or quiet mornings with coffee in the pines. A bedroom on the main level offers convenience for guests, while a split-level second bedroom provides privacy and flexibility. At the top, the primary suite feels like a true retreat, complete with its own private deck overlooking the trees. This unit enjoys one of the community’s most convenient placements, with easy parking and effortless access to one of Lake Arrowhead’s largest private beaches. Meadow Bay North is known for its charming, meandering, and well-lit walking paths—ideal for peaceful lakeside strolls—and its quiet, one-way interior road. Ample year-round parking adds ease for owners and guests alike. The community beach shines well into the golden hours of late afternoon and early evening, perched on one of the most coveted points Lake Arrowhead has to offer. This setting alone creates a sense of investment security—and with the optional private boat slip purchase, it’s like adding the perfect bow on the highly anticipated gift of Lake Arrowhead living.
No exterior & parking available.
Grades PK-5 • 1.5 mi
Grades K-5 • 6.2 mi
Grades K-5 • 7.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,245 | 1,555 | 50% |
| Lot Size | 918 | 918 | 50% |
| Price | $629.0K | $915.0K | 25% |
| Price per sq ft | $505 | $555 | 50% |
| Built year | 1972 | 1976 | 25% |
| HOA | $684.0 | $684 | 50% |
| Days on market | 191 | 176 | 75% |
Apr 1, 2026
$629,000
$659,000
-5% Price Drop
Initial Listing
Nov 1, 2025
$659,000
$699,000
-6% Price Drop
Initial Listing
Oct 13, 2025
$699,000
Initial Listing