
Lake Arrowhead, California 92352
This waterfront residence represents a High-Potential Investment Opportunity, listed at $3,399,000—positioned well below the $3,473,803 Fair Market Value by 2%. This valuation gap provides $74,803 in Instant Equity. Featuring a private deep water dock, panoramic lake views, and a detached guest suite, the property maintains a Condition Rating of 3. While the infrastructure reflects its 1958 origins, the significant lot size and rare parking capacity make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy waterfront estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28714 Palisades Subject | $3,399,000* List Price | 5 | 5 | 3,153 | $1,102 | - |
A 28778 Palisades Drive Sold | $2,900,000 | 3 | 4 | 2,228 | $1,302 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1958, the property has undergone significant renovations that appear to be within the 10-20 year range. The main kitchen features granite countertops and stainless steel appliances, and the home includes modern systems like air conditioning. While some secondary areas like the guest kitchen and bathrooms are dated and lean toward 'Fair,' the overall structure, decks, and primary living spaces are well-maintained and move-in ready.
The property includes a private, single-slip deep water dock with electricity and immediate access to the ALA trail, offering an elite lakefront lifestyle.
Features a rare combination of an oversized two-car garage capable of housing a boat and two SUVs, plus four additional off-street parking spaces.
A detached guest suite with a full kitchen and water views provides excellent privacy and flexibility for multi-generational living or high-end hosting.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Air conditioning is limited to the main level, which may result in temperature inconsistencies across the 3,153 square foot multi-level residence during summer months.
Originally constructed in 1958, the property may require more intensive maintenance or structural oversight compared to contemporary luxury waterfront builds.
Unforgettable lake and mountain views take center stage from this exceptional Lake Arrowhead waterfront retreat, where panoramic vistas stretch across the lake and surrounding mountains~Perfectly positioned with coveted west-facing exposure, enjoy breathtaking sunsets that paint the sky each evening and front-row seats to Lake Arrowhead's spectacular Fourth of July fireworks~Designed to maximize the scenery, soaring ceilings and dramatic walls of glass flood the home with natural light while framing the breathtaking views from nearly every room~The open-concept great room is ideal for entertaining, featuring a spacious rustic wet bar with abundant storage that seamlessly connects the living room, dining area, and kitchen~Air conditioning on the main level keeps you comfortable during warm summer days~Offering four spacious bedrooms, a large family room, and three expansive view decks, there's plenty of room for family and friends to relax while taking in the incredible setting~A detached guest suite includes a full kitchen, and water views creating the perfect separated space for extended family or overnight guests~Your very own single slip deep water dock with electricity is visible from the home just steps away, making morning paddle board sessions, afternoon cruises, and evenings on the water effortless~The oversized two-car garage provides ample room for a boat and two SUVs, with additional parking for four more vehicles off street this is rare for this neighborhood~Whether arriving by car, boat or stroll along the ALA trail, you'll appreciate the convenience of being just minutes from Lake Arrowhead Village for waterfront dining, boutique shopping, and year-round events~Rarely does a waterfront property combine extraordinary views, deep water dock, generous parking, and exceptional livability ~This is more than a home, it's a legacy property where generations will gather and create memories on the lake for years to come.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,153 | 2,126 |
| Lot Size | 9,420 | 9,850 |
| Price | $3.40M | $669.1K |
| Price per sq ft | $1.1K | $346 |
| Built year | 1958 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 14 | 92 |
Jul 8, 2026
$3,399,000
Initial Listing
Feb 15, 2008
$1,693,000
Public Record
Mar 31, 1998
$480,000
Public Record