
Lake Arrowhead, California 92352
This Gambrel-style residence represents a Strong Value Opportunity, listed at $424,000—positioned well below the $448,592 Fair Market Value by 5%. This valuation gap provides $24,592 in Instant Equity. Featuring a Condition Rating of 3, the home offers modern updates, including a renovated kitchen and dual-pane windows. With Lake Rights, level parking, and scenic mountain views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28673 Manitoba Subject | $424,000* List Price | 3 | 3 | 1,748 | $257 | - |
A 1353 Golden Rule Lane Sold | $430,000 | 3 | 2 | 1,676 | $257 | 0.2 mi |
B 28252 Bern Lane Sold | $545,000 | 4 | 3 | 1,870 | $291 | 0.7 mi |
C 28935 Banff Pending | $425,000 List Price | 3 | 2 | 1,712 | $248 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1972, the property has undergone significant interior updates including a modern kitchen with stainless steel appliances, updated flooring, and newer dual-pane windows. It is well-maintained and move-in ready, fitting the criteria for a property with a 5-15 year renovation profile.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9021, living area = 1748.
The property includes coveted Lake Rights in the Arrowhead Woods subdivision, offering exclusive access to private lake amenities and close proximity to Lake Arrowhead Village.
Unlike many mountain properties, this home features rare level parking and a no-stairs entry to the front door, significantly enhancing convenience and accessibility.
Built in 1972, the property may require more frequent maintenance or future upgrades to original structural and mechanical systems despite recent cosmetic updates.
The assigned elementary schools have relatively low ratings (3 and 4), which may be a drawback for families prioritizing high-performing educational districts.
Your dream of Lake Arrowhead begins here ~ This property offers Lake Rights and stunning mountain views at an unbeatable price... now that's a rare find ~ This gambrel-style residence perfectly combines rustic mountain charm with modern amenities ~ From the moment you step in, you'll love the ease of level parking and the absence of stairs leading to the front door ~ Inside, the warm tongue-and-groove ceilings, updated kitchen, and flooring, along with the abundant natural light streaming in through the newer dual-pane windows, create a welcoming mountain retreat ~ The main level features a living room, complemented by an additional family gathering space downstairs ~ The freestanding wood-burning fireplace is the focal point of the open-concept living area, effortlessly linking the living, dining, and updated kitchen, making it ideal for creating cherished memories with loved ones after a day of mountain adventures ~ Step out onto one of the numerous balconies and soak in the serene mountain views, perfect for sipping morning coffee, watching evening sunsets, or simply relishing the fresh alpine air ~ Whether you're looking for a full-time home, a weekend getaway, or an investment opportunity, this property checks all the boxes ~ With Lake Rights included and located just minutes from the lake, hiking trails, shooting range, the pinnacles, restaurants, and shopping in the village, this Lake Arrowhead home offers a lifestyle that's truly unmatched ~ Come and experience the excitement ~ Priced to make a statement in today's market, this is a fantastic opportunity!
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 7.0 mi
Grades K-5 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,748 | 2,015.827 |
| Lot Size | 9,021 | 10,163.827 |
| Price | $424.0K | $655.9K |
| Price per sq ft | $243 | $341 |
| Built year | 1972 | 1980 |
| HOA | $0 | $544 |
| Days on market | 48 | 78 |
Jul 23, 2026
$424,000
Initial Listing
Nov 24, 2021
$519,000
Public Record
Sep 25, 2015
$195,000
Public Record
Oct 16, 2012
$130,000
Public Record
Nov 21, 2005
$360,000
Public Record
Apr 12, 2002
$170,500
Public Record
Oct 29, 1997
$120,500
Public Record