28596 North Bay, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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28596 North Bay
Lake Arrowhead, California 92352
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,784Sq Ft
7,800Lot Size
Property Price
LIST PRICE$859,000
EST. MARKET VALUE
$832,033
3% AboveMARKET VALUE
SUMMARY
This Turnkey Mountain Retreat is a High-Potential Investment Opportunity, listed at $859,000—positioned well above the $832,034 Fair Market Value by 3%. While currently priced slightly above market, the property features a Mint Condition Rating with a Custom Kitchen, Remodeled Baths, and an Oversized Spa, ensuring zero immediate capital expenditure. Its 2,800 sq. ft. layout and proximity to the Rim of the World School District make it a versatile asset. This is an ideal acquisition for Short-Term Rental Investors or Owner-Occupants seeking a move-in ready lifestyle property.
Estimated Market Value
$832,033
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 |
|---|---|---|---|---|---|---|
★ 28596 North Bay Subject 4 bd · 3 ba · 2,784 sqft · $299 | $859,000* List Price | 4 | 3 | 2,784 | $299 | - |
A 888 Talisman Sold 4 bd · 3 ba · 3,012 sqft · $279 · 0.8 mi | $840,000 | 4 | 3 | 3,012 | $279 | 0.8 mi |
B 27808 Alpen Drive Sold 4 bd · 4 ba · 2,858 sqft · $262 · 1.0 mi | $750,000 | 4 | 4 | 2,858 | $262 | 1.0 mi |
C 1403 Yosemite Sold 3 bd · 3 ba · 2,080 sqft · $298 · 0.4 mi | $620,000 | 3 | 3 | 2,080 | $298 | 0.4 mi |
D 1201 Voltaire Sold 3 bd · 3 ba · 2,035 sqft · $391 · 0.6 mi | $795,000 | 3 | 3 | 2,035 | $391 | 0.6 mi |
E 27920 Matterhorn Sold 5 bd · 4 ba · 3,079 sqft · $302 · 0.8 mi | $930,000 | 5 | 4 | 3,079 | $302 | 0.8 mi |
F 1430 Sequoia Active 4 bd · 4 ba · 2,676 sqft · $262 · 0.3 mi | $700,000 List Price | 4 | 4 | 2,676 | $262 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1977, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features a custom kitchen with premium finishes and farmhouse sink, fully remodeled bathrooms with modern tile and black hardware, and updated flooring and lighting throughout, meeting the criteria for a mint-condition turnkey home.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey & Furnished Condition
The property is offered fully furnished and move-in ready with premium finishes and remodeled kitchens and bathrooms, providing an immediate solution for vacation home buyers or rental investors.
- Ample Parking & Storage
Unlike many mountain properties, this home features a two-car garage and an expansive driveway specifically designed to accommodate RVs, boats, and multiple guest vehicles.
- Spacious & Functional Layout
With nearly 2,800 sq. ft. of living space including four bedrooms and a large game room, the home offers the scale and versatility required for high-occupancy short-term rentals or large family gatherings.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
The property has remained active for 144 days despite multiple price reductions, suggesting potential buyer hesitation or a misalignment with current market demand at previous price points.
- Market Value Depreciation
The current list price of $859,000 is significantly lower than the 2021 sale price of $925,000, indicating a notable decline in equity and local market valuation over the last few years.
About 28596 North Bay
Huge Price Improvement! The sellers have repositioned this beautifully updated mountain retreat. Offering nearly 2,800 sq. ft., this turnkey home features 4 bedrooms, 3 updated bathrooms, and a large game room. Enjoy a custom kitchen, remodeled baths, premium finishes, an oversized spa, and a fully fenced yard with inviting outdoor living spaces. A two-car garage and expansive driveway provide ample parking for RVs, boats, and guests. Conveniently located minutes from Lake Arrowhead Village, the lake, shopping, dining, and recreation, this property is ideal as a full-time residence, vacation home, or short-term rental investment. Offered fully furnished and move-in ready, this is a rare turnkey opportunity at an outstanding value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 7,800 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 0.1 mi
4/10
Charles Hoffman Elementary School
Grades K-5 • 6.9 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 7.4 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,784 | 1,979.061 |
| Lot Size | 7,800 | 10,277.399 |
| Price | $859.0K | $643.6K |
| Price per sq ft | $309 | $338 |
| Built year | 1977 | 1978 |
| HOA | $0 | $614 |
| Days on market | 168 | 91 |
Pricing History
Listed for Sale
Sep 30, 2026
$859,000
$880,000
-2% Price Drop
Initial Listing
Price Change
Jul 18, 2026
$880,000
$895,000
-2% Price Drop
Initial Listing
Price Change
Jul 2, 2026
$895,000
$899,000
+0% Price Increase
Initial Listing
Price Change
May 9, 2026
$899,000
Initial Listing
Sold
Aug 31, 2021
$925,000
Public Record
Sold
Feb 10, 2021
$565,500
Public Record
Sold
Sep 30, 1999
$175,000
Public Record