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27990 Peninsula Drive N, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 7 bath

27990 Peninsula Drive N, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$10,000,000
27990 Peninsula Drive N, Lake Arrowhead, California 92352
5Beds
7Baths
6,527Sqft
33,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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.
Top Cons:
Significant Price Reductions: The property has undergone substantial price reductions from an original list price of $15.5M to the current $10M, which may indicate an initial overvaluation or prolonged market resistance.

Compared to the nearby listings

Price:$10.00M vs avg $675.0K (+$9,325,000)100%
Size:6,527 sqft vs avg 1,948 sqft99%
Price/sqft:$1.5K vs avg $351100%

More Insights

Built in 1981 (44 years old).
Condition: The property, built in 1981, is well-maintained but shows significant signs of being outdated, particularly in the kitchen. The kitchen features dark wood cabinets, white tile countertops, and white appliances, which are characteristic of an older style and would require a full renovation to meet current aesthetic and functional standards. While the description mentions a 'glamorous bath' in the primary suite, no images are provided to verify this, and the visible spa area also appears dated. The overall aesthetic, including extensive wood paneling, patterned carpets, and light fixtures, reflects its age without evidence of a comprehensive modern renovation within the last 15-30 years. Major systems appear functional, but the property requires substantial cosmetic updates to align with contemporary tastes.
Year Built
1981
Close
-
List price
$10M
Original List price
$15.5M
Price/Sqft
$1,532
HOA
$1,600
Days on market
-
Sold On
-
MLS number
IV25062649
Home ConditionFair
Features
Excellent View: Lake
Deck
Spa
ViewLake

About this home

Situated on the Highly Acclaimed Gold Coast of Exclusive Point Hamiltair Gated Estates, this magnificent Lakefront Lodge is One of a Kind and the Lakefront positioning is Glorious, with unobstructed wide-open Lake Views and quiet Shoreline. While the Lodge is grand in scale there is a sense of warmth and comfort. The Lake Views throughout are Spectacular. The Primary Bedroom Suite is on 2 Levels with a Circular Lake View Sitting Room, 2 Fireplaces and Glamorous Bath! The Upper Level affords additional privacy and is separate from the sleeping quarters. Approximately 6,527 sq. ft. 4 additional Bedroom Suites. The Family Room is on the Main Level and there is a Rich, Warm Private Office. The fully equipped Kitchen has breakfast area and opens to a magnificent Formal Dining Room with Dazzling Lake Views! A lower level is the focal point for family entertainment, where there is a Pool Table, Spa Room, Bath and Sauna. The location is perfect with quick access to the Double Dock located directly in front of the Residence. The Main Living Room has a Magnificent Deck for large gatherings which overlooks the sparkling blue Lake. The grounds are Lush with Tall Trees! Circular Drive! 3 Car Level Garage. Premiere Positioning on gorgeous Lake Arrowhead Lake, California.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,•PK-5•1.3mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•6.5mi
4/10
Charles Hoffman Elementary School
Public,•K-5•6.9mi
/10
Rim Virtual
Public,•K-8•1.1mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•1.2mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.1mi
Condition Rating
Fair
The property, built in 1981, is well-maintained but shows significant signs of being outdated, particularly in the kitchen. The kitchen features dark wood cabinets, white tile countertops, and white appliances, which are characteristic of an older style and would require a full renovation to meet current aesthetic and functional standards. While the description mentions a 'glamorous bath' in the primary suite, no images are provided to verify this, and the visible spa area also appears dated. The overall aesthetic, including extensive wood paneling, patterned carpets, and light fixtures, reflects its age without evidence of a comprehensive modern renovation within the last 15-30 years. Major systems appear functional, but the property requires substantial cosmetic updates to align with contemporary tastes.
Pros & Cons

Pros

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 on the 'Gold Coast' of the exclusive Point Hamiltair Gated Estates, offering premiere positioning on Lake Arrowhead with unobstructed, wide-open lake views and quiet shoreline.
Luxury Scale & Amenities: A magnificent 6,527 sq. ft. lodge featuring 5 bedroom suites, a two-level primary suite with lake view sitting room, private office, fully equipped kitchen, and formal dining with dazzling lake views.
Exclusive Gated Community: Located within the prestigious Point Hamiltair Gated Estates, providing enhanced security, privacy, and a sense of exclusivity.
Private Double Dock Access: Direct and quick access to a double dock located immediately in front of the residence, a highly coveted feature for lakefront properties.
Extensive Entertainment Features: The property boasts a lower-level entertainment area with a pool table, spa room, bath, and sauna, complemented by a magnificent deck for large gatherings overlooking the lake.

Cons

Significant Price Reductions: The property has undergone substantial price reductions from an original list price of $15.5M to the current $10M, which may indicate an initial overvaluation or prolonged market resistance.
Age of Property: Built in 1981, the property is over 40 years old. While described as grand, older luxury homes may require significant updates to systems (e.g., HVAC, electrical, plumbing) or aesthetics to meet modern efficiency and design standards, which are not explicitly detailed as recent renovations.
Niche Market Appeal: The property's grand scale, luxury features, and multi-million dollar price point target a very specific and limited buyer pool, potentially leading to longer marketing periods and requiring a buyer with substantial financial capacity.

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