28622 Shenandoah Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath

28622 Shenandoah Drive
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 28622 Shenandoah Drive, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $799,000—significantly undercutting the $840,030 Fair Market Value by 4%. This valuation gap indicates a +$41,030 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28622 Shenandoah Drive Subject | $799,000* List Price | 3 | 3 | 2,151 | $391 | - |
A 124 C Lane Sold | $865,000 | 4 | 4 | 2,224 | $389 | 0.2 mi |
B 224 Crest Circle Sold | $875,000 | 5 | 3 | 2,200 | $398 | 0.8 mi |
C 242 Holiday Drive Sold | $950,000 | 3 | 4 | 2,172 | $437 | 0.8 mi |
D 416 Klamath Drive Sold | $625,000 | 3 | 2 | 1,746 | $358 | 0.2 mi |
E 217 Crest Circle Sold | $750,000 | 3 | 3 | 1,914 | $392 | 0.8 mi |
F 28589 Shenandoah Drive Active | $674,000 List Price | 3 | 3 | 2,129 | $317 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2021, this property is virtually new and meets all criteria for an excellent rating. The home features modern high-end finishes including a chef's kitchen with white shaker cabinetry and quartz countertops, luxury vinyl plank flooring, and spa-inspired bathrooms with matte black fixtures and porcelain tile. The use of contemporary materials like Trex decking and fire-rated construction, combined with the recent build date, ensures no deferred maintenance and peak physical condition.
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 = 11820, living area = 2151.
- Modern & Fire-Resistant Construction
Built in 2021 with one-hour fire-rated materials, this home offers contemporary design and enhanced safety, providing significant peace of mind and potential insurance benefits in a mountain environment.
- Coveted Lake Rights
Located in the Arrowhead Woods subdivision, the property includes highly desirable lake rights, granting exclusive access to Lake Arrowhead's private recreational amenities and lifestyle.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The local schools in the Rim of the World district have relatively low performance ratings, which may be a concern for families prioritizing high-ranking educational facilities.
- Limited Lake Visibility
While the home offers beautiful forest and mountain scenery, the lake view is described as 'peek-a-boo,' which may not meet the expectations of buyers seeking a primary waterfront or full-view experience.
About 28622 Shenandoah Drive
Completed in 2021 and built with one hour fire rated materials for peace of mind. This exceptional mountain retreat embodies the very best of Lake Arrowhead living, offering breathtaking mountain with coveted lake rights. Thoughtfully designed with comfort and sophistication in mind, the open-concept layout features dramatic 30-foot vaulted ceilings and expansive windows that flood the home with natural light while showcasing peaceful forest scenery. The main living space is anchored by a stunning stacked stone fireplace and enhanced by luxury vinyl plank flooring, creating a warm yet modern atmosphere. The chef’s kitchen is equally impressive with white shaker cabinetry, quartz countertops, stainless steel appliances, and a generous walk-in pantry, ideal for both everyday living and entertaining. Step outside to the Trex deck to enjoy seamless indoor-outdoor living and tranquil sunset views. The lower level offers three spacious bedrooms with walk-in closets, a flexible bonus room perfect for a theater or office, and a large separate laundry room. The primary suite provides a private escape with direct deck access and a spa-inspired bathroom featuring quartz counters, matte black fixtures, and a beautifully tiled porcelain shower with penny round flooring. With approved plans for an Accessory Dwelling Unit, this home also presents excellent potential for rental income or multi-generational living, making it a rare opportunity to experience refined mountain living in one of Southern California’s most sought-after lake communitie
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2021
- Lot Size
- 11,820 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 1.7 mi
Charles Hoffman Elementary School
Grades K-5 • 5.8 mi
Valley Of Enchantment Elementary School
Grades K-5 • 7.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,151 | 1,979.5 | 59% |
| Lot Size | 11,820 | 9,767 | 73% |
| Price | $799.0K | $680.0K | 66% |
| Price per sq ft | $371 | $342 | 59% |
| Built year | 2021 | 1977 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 236 | 0% |
Pricing History
Listed for Sale
Mar 5, 2026
$799,000
Initial Listing
Sold
Jan 31, 2022
$740,000
Public Record
Sold
Mar 23, 2020
$34,000
Public Record
Sold
Oct 17, 2002
$20,000
Public Record
Sold
Dec 10, 1999
$16,000
Public Record
Sold
Sep 12, 1996
$32,000
Public Record









































