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

28622 Shenandoah Drive, Lake Arrowhead, California 92352 home-pic-0

28622 Shenandoah Drive

Lake Arrowhead, California 92352

ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,151Sq Ft
11,820Lot Size

Property Price

LIST PRICE$799,000
EST. MARKET VALUE
$840,030
4% BelowMARKET VALUE

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

$840,030 +$41,030 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
28622 Shenandoah Drive
Subject
$799,000*
List Price
332,151$391-
A
124 C Lane
Sold
$865,000442,224$3890.2 mi
B
224 Crest Circle
Sold
$875,000532,200$3980.8 mi
C
242 Holiday Drive
Sold
$950,000342,172$4370.8 mi
D
416 Klamath Drive
Sold
$625,000321,746$3580.2 mi
E
217 Crest Circle
Sold
$750,000331,914$3920.8 mi
F
28589 Shenandoah Drive
Active
$674,000
List Price
332,129$3170.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

4/10

Charles Hoffman Elementary School

Grades K-5 • 5.8 mi

4/10

Valley Of Enchantment Elementary School

Grades K-5 • 7.3 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths3.03.0
50%
Square foot2,1511,979.5
59%
Lot Size11,8209,767
73%
Price$799.0K$680.0K
66%
Price per sq ft$371$342
59%
Built year20211977
98%
HOA$0$0
50%
Days on market2236
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

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