28637 Shenandoah, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This Mountain Retreat is a High-Potential Investment Opportunity, listed at $999,000—positioned well above the $957,565 Fair Market Value by -4%. While currently priced at a premium, the property features Full Lake Rights, a 4-car garage with boat bay, and a Fair Condition Rating. Its functional layout, including a main-floor primary suite, makes it an ideal candidate for short-term rental income. This property is best suited for Buy-and-Hold Investors seeking a legacy asset or Owner-Occupants prioritizing lakefront lifestyle and recreational access.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28637 Shenandoah Subject | $948,000* List Price | 4 | 3 | 2,652 | $338 | - |
A 384 Primrose Circle Sold | $705,000 | 4 | 3 | 2,585 | $273 | 0.4 mi |
B 745 Kings Court Sold | $750,000 | 5 | 4 | 2,936 | $255 | 0.5 mi |
C 242 Holiday Drive Sold | $950,000 | 3 | 4 | 2,172 | $437 | 0.8 mi |
D 434 Klamath Drive Active Under Contract | $675,000 List Price | 4 | 3 | 2,440 | $277 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is 25 years old and falls into the 'Fair' category based on age. While the home is exceptionally well-maintained and move-in ready, the kitchen features dated tile countertops and original cabinetry, and no major recent renovations are noted to elevate it to 'Good' or 'Excellent' status.
The property includes coveted full lake rights, providing exclusive access to private lake amenities, beaches, and boating, which is a premium value-add in the Arrowhead Woods community.
Features a rare 4-car garage with a double-deep bay specifically designed to accommodate a boat and trailer, a significant advantage for mountain and lake living.
The home offers a desirable level entry and a main-floor primary suite, enhancing accessibility and making it an ideal floor plan for both aging-in-place and short-term rental guests.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2652, other record living area = 2497.
With 97 days on the market and a recent price reduction, the property may be experiencing market fatigue or resistance at its current valuation.
The assigned elementary and middle schools have relatively low ratings (3 and 4 respectively), which may deter families seeking a primary residence in a high-performing school district.
Tucked away on the desirable south side of Lake Arrowhead, this beautiful mountain retreat offers a combination of FULL LAKE RIGHTS, privacy, & exceptional convenience. Set back from the road on a generously sized parcel with a covered front porch, the home enjoys a peaceful, secluded feel & provides dual access & level entry through a landscaped, fenced yard & the attached garages. Inside, the home welcomes you with abundant natural light & an inviting mountain ambiance. The thoughtfully designed floor plan features 4 spacious bedrooms + 2.5 baths, with 2 of the bedrooms offering oversized proportions. The main level primary suite creates a private sanctuary, complete with a spa-like bathroom designed for relaxation after a day at the lake or on the trails. The layout is ideal for both everyday living and entertaining, with multiple gathering spaces that allow everyone to spread out comfortably. At the heart of the home, you'll find both a separate family room & a dedicated den, connected by a striking two-sided fireplace that adds warmth & character to each space. Whether hosting friends for a cozy evening or enjoying a quiet mountain morning with coffee by the fire, these rooms offer a welcoming atmosphere that defines the Lake Arrowhead lifestyle. The home's layout & positioning allow for excellent natural light throughout, enhancing the open feel and highlighting the beautiful surroundings. Large windows bring the outdoors in, creating a bright and uplifting environment in every season. Car enthusiasts, boat owners, & outdoor adventurers will appreciate the attached 4-car garage configuration, including a double-deep bay designed to accommodate a boat & trailer. Located just minutes from Lake Arrowhead Village, this home places you close to everything that makes the area so special—lakefront dining, boutique shopping, & entertainment. Whether you're searching for a full-time residence, luxury weekend retreat, or legacy mountain home, this exceptional Lake Arrowhead property offers space, comfort, and the coveted privilege of full lake rights—allowing you to fully experience the beauty and recreation of one of Southern California’s most treasured alpine communities. The floor plan is an outstanding feature for STR guests with the three fireplaces, separate entertaining areas, the main floor primary suite, and level parking and entry. Could come partially furnished.
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,652 | 2,126 |
| Lot Size | 9,420 | 9,850 |
| Price | $948.0K | $669.1K |
| Price per sq ft | $357 | $346 |
| Built year | 1999 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 137 | 92 |
Jun 16, 2026
$948,000
$999,000
-5% Price Drop
Initial Listing
May 4, 2026
$999,000
$1,025,000
-3% Price Drop
Initial Listing
Mar 7, 2026
$1,025,000
Initial Listing
Dec 13, 2022
$999,000
Public Record
Apr 27, 2022
$925,000
Public Record
Jul 29, 2014
$539,000
Public Record
Feb 20, 2004
$468,000
Public Record
Oct 26, 2001
$399,000
Public Record
Mar 15, 2000
$367,500
Public Record
Nov 12, 1998
$31,500
Public Record