28565 Shenandoah Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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28565 Shenandoah Drive
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,716Sq Ft
9,600Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$563,589
6% AboveMARKET VALUE
SUMMARY
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $599,000—positioned well below the $563,589 Fair Market Value by -6%. While the property is priced slightly above market, it offers immediate utility as a fully furnished, turnkey vacation rental with Lake Rights and magnificent forest views. Featuring a 4-Condition Rating, the home provides a solid foundation for future modernization. With an attached 2-car garage and proximity to SkyPark at Santa’s Village, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a ready-to-use mountain escape.
Estimated Market Value
$563,589
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 |
|---|---|---|---|---|---|---|
★ 28565 Shenandoah Drive Subject 3 bd · 2 ba · 1,716 sqft · $328 | $599,000* List Price | 3 | 2 | 1,716 | $328 | - |
A 28577 Shenandoah Sold 3 bd · 2 ba · 1,820 sqft · $302 · 0.0 mi | $550,000 | 3 | 2 | 1,820 | $302 | 0.0 mi |
B 28589 Shenandoah Drive Sold 3 bd · 3 ba · 2,129 sqft · $305 · 0.0 mi | $649,000 | 3 | 3 | 2,129 | $305 | 0.0 mi |
C 395 Primrose Sold 4 bd · 3 ba · 1,830 sqft · $382 · 0.4 mi | $699,000 | 4 | 3 | 1,830 | $382 | 0.4 mi |
D 271 Fremont Road Active 3 bd · 2 ba · 1,640 sqft · $381 · 0.2 mi | $625,000 List Price | 3 | 2 | 1,640 | $381 | 0.2 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 1980, this 44-year-old property is well-maintained but clearly dated. The kitchen features older tile countertops, painted cabinets, and white appliances that appear to be 15-20+ years old. While the listing describes it as 'turnkey' and the flooring has been updated, the primary systems and aesthetic (wood paneling, kitchen/bath finishes) fall into the Fair category as they are functional but require modernization.
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 = 9600, living area = 1716.
- Prime Location & Lake Rights
Situated in the desirable Arrowhead Woods with coveted Lake Rights, this home is within walking distance to Lake Arrowhead Village, offering unparalleled access to dining, shopping, and entertainment.
- Turnkey Furnished Retreat
The property is offered fully furnished and turnkey, making it an ideal immediate vacation rental or second home without the additional expense or effort of outfitting a mountain cabin.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1716, other record living area = 1440.
- Dated Construction Era
Built in 1980, the home may eventually require updates to major systems or insulation to improve energy efficiency compared to modern mountain builds.
- Moderate School Ratings
The assigned elementary schools carry lower-than-average ratings (3-4 range), which may be a consideration for buyers looking to relocate as full-time residents with young children.
About 28565 Shenandoah Drive
LOCATION, LOCATION! Arrowhead Woods home with Lake Rights, within walking distance to the lake and Lake Arrowhead Village for shopping, dining, concerts, and entertainment. Enjoy magnificent forest views from the front deck or living room in this spacious, turnkey, furnished mountain retreat. The home features 3 bedrooms, 2 full baths, a large living and dining area, and an open kitchen with breakfast bar. Plus a family room offering a pool table for entertainment and an antique wood-burning Franklin stove for extra coziness, while the living room fireplace with insert adds warmth and charm. The home sleeps up to 11 with beds, a trundle bed, and sofa beds. Charming cabin furnishings, bedroom linens, and well-stocked kitchen cabinets are included. Additional features include an attached 2-car garage with direct house access, with a doggie door leading to a side dog run. Driveway parking for 4–5 cars. Enjoy a landscaped yard with drip irrigation, apple trees, and beautiful dogwood blooms out your bedroom window in Spring. Just minutes from SkyPark at Santa’s Village, for holiday fun, dining, mountain biking, and Winter ice skating. Winter sports close by offering skiing and snowboarding. Everything you need to enjoy mountain living in your mountain cabin!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 9,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.7 mi
4/10
Charles Hoffman Elementary School
Grades K-5 • 5.9 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 7.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,716 | 1,979.061 |
| Lot Size | 9,600 | 10,277.399 |
| Price | $599.0K | $643.6K |
| Price per sq ft | $349 | $338 |
| Built year | 1980 | 1978 |
| HOA | $0 | $614 |
| Days on market | 9 | 91 |
Pricing History
Listed for Sale
Oct 15, 2026
$599,000
Initial Listing
Sold
Feb 2, 2017
$320,000
Public Record
Sold
Apr 10, 2003
$245,000
Public Record
Sold
Nov 26, 2001
$180,000
Public Record