27874 Matterhorn Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
Analysis of 27874 Matterhorn Drive, Lake Arrowhead, California 92352 is currently available with a list price of $699,000. 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 1966, this property is nearly 60 years old. While the listing mentions a recent remodel for one unit and shows updated laminate flooring in bedrooms, the visible bathroom and living areas are dated (15-30 year old style). The presence of older wall heaters in some units and the general age of the structure suggest it needs minor repairs and cosmetic updates to meet modern standards.
This unique triplex configuration features a main A-frame residence, a separate one-bedroom apartment, and a detached studio, offering three distinct income streams or a flexible multi-generational living setup.
Situated within the Arrowhead Woods subdivision, the property includes highly desirable Lake Rights, providing exclusive access to Lake Arrowhead's private amenities and recreational activities.
Rare for mountain properties, this home offers a two-car garage and an expansive driveway that can accommodate up to seven vehicles, making it ideal for multiple tenants or large guest gatherings.
With over 180 days on the market and a recent price reduction, the property may face challenges regarding its initial valuation or perceived condition compared to current market demands.
Originally built in 1966, the property likely requires modernization of its systems and finishes to meet contemporary standards and maximize its full rental or resale value.
Welcome to 27874 Matterhorn Drive in beautiful Lake Arrowhead—a property brimming with possibilities. Whether you’re dreaming of a mountain retreat, seeking an investment opportunity, or both, this versatile A-frame home offers three potential income streams and the coveted Lake Rights of Arrowhead Woods. The main house features a spacious two-car garage and a private back deck surrounded by towering pines. Inside are three bedrooms plus a loft office, 1.5 baths. An extra-large driveway leads to the garage and can accommodate three to four additional vehicles on the driveway. In addition to the main residence, the property includes a separate one-bedroom apartment complete with its own kitchen, bath, living room, and laundry. A detached studio apartment is also located beneath the garage, featuring its own kitchen, bath, and laundry—perfect for an office, guest space, or another rental unit. With multiple parking areas, including a private driveway that fits up to three more cars, this home offers convenience for both residents and guests. Located in a sun-filled neighborhood and just minutes from Tavern Bay, this property blends comfort, flexibility, and income potential in one exceptional package. **NOTE: Please read photo caption. More photos will be available**
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades K-5 • 6.5 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
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| Beds | - | - | 0% |
| Baths | - | - | 0% |
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| Built year | 1966 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 15, 2026
$699,000
$755,000
-7% Price Drop
Initial Listing
Nov 18, 2025
$755,000
Initial Listing
Jun 14, 2005
$389,000
Public Record