27821 Peninsula N 135, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
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Lake Arrowhead, California 92352
Analysis of 27821 Peninsula N 135, Lake Arrowhead, California 92352 is currently available with a list price of $425,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1972, this property is over 50 years old and remains largely dated. While functional and move-in ready for a tenant, the kitchen features older tile countertops and white appliances, and the interior retains 1970s-style wood paneling and older carpeting. It fits the 'Fair' criteria as it requires cosmetic modernization and minor updates to systems and finishes.
Situated in the coveted Meadow Bay North development, this property offers rare access to a private beach and the opportunity to secure a dock slip, epitomizing the Lake Arrowhead lifestyle.
This end unit features a desirable true two-story floor plan without split levels, complemented by a gentle slope and ramp access from the nearby parking area for enhanced mobility.
The property allows for short-term rentals with a 6-night minimum and features an existing tenant interested in staying, providing immediate options for both vacation rental income or long-term stability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1066, other record living area = 1306. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The monthly HOA fee of $684, combined with a recent special assessment, represents a significant recurring expense that may impact the buyer's overall budget and financing.
While dock slip #7 is available, it requires an additional financial investment beyond the list price, which may be a deterrent for buyers expecting a comprehensive lake-access package.
Lake Arrowhead Lifestyle is right here! Meadow Bay North is a coveted planned unit development nestled on the shores of Lake Arrowhead - with Private Beach! Enjoy parking near your front door with gentle slope to & ramp into the unit. This unit is a true 2 story - no split levels here - and is an end unit. Main level hosts open living space, fireplace, wood floors, bedroom on main, full bath and sunshiney back deck - makes for easy entertaining and relaxing in the mountains. Upstairs is another bedroom, full bath, laundry closet & small balcony. Lovely views to be had from every window. The path down to Meadow Bay beach and dock slip CONDO1-slip 13 (available for extra$$). HOA Includes private beach, snowplowing, trash, exterior maintenance. Seller may consider prorated credit to buyer to accommodate recent assessment. Short Term Rentals are allowed with 6 night minimum. Current tenant would love to stay if buyer is interested in renting out full time - and please do not disturb tenant. From NBay Rd, stay on Peninsula, go past the Meadow Bay North sign and continue to the parking area after Parking M.
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 | 2.0 | 3.5 | 25% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,066 | 1,555 | 25% |
| Lot Size | 738 | 884 | 25% |
| Price | $425.0K | $915.0K | 25% |
| Price per sq ft | $399 | $502 | 50% |
| Built year | 1972 | 1976 | 25% |
| HOA | $684.0 | $684 | 50% |
| Days on market | 26 | 192 | 25% |
May 11, 2026
$425,000
Initial Listing
Jun 12, 2020
$332,000
Public Record
Mar 29, 2018
$300,000
Public Record
Jan 3, 2005
$255,000
Public Record
Jul 31, 2002
$165,000
Public Record