27990 Peninsula Drive N, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 7 bath
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27990 Peninsula Drive N
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
5Beds
7Baths
6,527Sq Ft
33,000Lot Size
Property Price
LIST PRICE$8,950,000
EST. MARKET VALUE
$8,504,891
5% AboveMARKET VALUE
SUMMARY
This Point Hamiltair High-Potential Investment Opportunity is listed at $8,950,000, positioned well below the $8,504,891 Fair Market Value by -5%. While the property requires modernization, its 4 Condition Rating and massive 33,000 sqft lot offer significant upside. Featuring a Double Dock, Glass Spa, and Panoramic Lake Views, this estate provides a rare foundation for luxury renovation. It is an ideal acquisition for Luxury Real Estate Investors or High-Net-Worth Owner-Occupants seeking to restore a premier lakefront landmark to its full potential.
Estimated Market Value
$8,504,891
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27990 Peninsula Drive N Subject | $8,950,000* List Price | 5 | 7 | 6,527 | $1,303 | - |
A 28087 North Shore Road Active | $6,295,000 List Price | 5 | 7 | 5,116 | $1,230 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981, this 44-year-old estate is well-maintained but significantly dated, exceeding the 20-year threshold for original finishes. While the home appears functional and 'move-in ready' for a specific aesthetic, the heavy wood paneling, brickwork, and carpeting are characteristic of its original construction era. The kitchen and seven bathrooms likely require modernization to meet current luxury standards, and systems like HVAC and electrical are nearing the end of their typical lifecycle unless previously updated.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33000, living area = 6527.
- Prime Lakefront Location
Situated in the prestigious Point Hamiltair enclave, this estate features a rare double dock and a quiet shoreline, offering direct and easy lake access.
- Expansive Luxury Suites
The home boasts five full bedroom suites, including a spectacular two-story master wing with dual fireplaces and panoramic lake views.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With over 500 days on the market, the property has struggled to find a buyer, which may lead to perceptions of overpricing or specific property challenges.
- Significant Price Adjustments
The property has seen a drastic price reduction from its original $15.5M listing, potentially indicating a disconnect between the initial valuation and current market demand for 1980s-era estates.
About 27990 Peninsula Drive N
Point Hamiltair Lakefront Estate. Approximately 6,527 Sqft, 3 Car Attached Garage with Direct Access into the Home.. One of a Kind with quiet shoreline, Double Dock directly in front of stately family home! There are 5 glorious Bedroom SUITES! The Grand Master Suite is 2 Stories with dazzling Lake Views throughout, sitting lounge, 2 Fireplaces and gorgeous Bathroom. Each Bedroom is En Suite. Formal Dining Room can seat 10. Cooks efficient Kitchen, Custom Gentleman's Office/Study. Main Level has Family Room and gorgeous Living Room with steps out to Custom Deck that can entertain Grand Scale Parties. The Lower Level is a Game Room with enclosed Glass Spa room. Separate Sauna. Generator! Easy Access to the Double Dock directly in front of the Residence. Circular Driveway. Impressive curb appeal. Glorious Lakefront Splendor!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 33,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1600.0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.3 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 6.5 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 6.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 7.0 | 3.0 |
| Square foot | 6,527 | 2,015.827 |
| Lot Size | 33,000 | 10,163.827 |
| Price | $8.95M | $655.9K |
| Price per sq ft | $1.4K | $341 |
| Built year | 1981 | 1980 |
| HOA | $1600.0 | $544 |
| Days on market | 519 | 78 |
Pricing History
Listed for Sale
Feb 25, 2026
$8,950,000
$10,000,000
-10% Price Drop
Initial Listing
Price Change
Nov 22, 2025
$10,000,000
$11,800,000
-15% Price Drop
Initial Listing
Price Change
Sep 27, 2025
$11,800,000
Initial Listing
Price Change
Apr 8, 2025
$15,500,000
Initial Listing