
Lake Arrowhead, California 92352
This iconic 1930s cabin represents a Strong Value Opportunity, listed at $829,000—positioned well below the $774,059 Fair Market Value by -7%. While the property is priced slightly above market, its Condition Rating of 3 and modern upgrades like mini-split HVAC and dual-pane windows ensure a turnkey experience. Featuring a split granite fireplace and seasonal lake views, this home offers proven vacation rental potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a historic, move-in ready mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28772 Cedar Drive Subject | $829,000* List Price | 4 | 3 | 1,500 | $516 | - |
A 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.3 mi |
B 28886 Cedar Sold | $650,000 | 3 | 3 | 1,512 | $430 | 0.2 mi |
C 262 State Highway 173 Sold | $825,000 | 5 | 4 | 2,030 | $406 | 0.9 mi |
D 388 Heliotrope Active | $639,000 List Price | 2 | 2 | 1,204 | $531 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1930, the property is well-maintained and features significant modern updates including dual-pane windows, mini-split HVAC, and upgraded heating systems. The kitchen and bathrooms preserve vintage charm but are fully functional with newer appliances and finishes, making the home move-in ready.
This iconic 1930s cabin offers unique character and local lore, featuring rumored ties to James Cagney and Charlie Chaplin alongside preserved vintage details like soaring beamed ceilings and a split granite fireplace.
Situated in the desirable Palisades neighborhood just one block from the water, the property provides seasonal lake views and excellent walkability to Lake Arrowhead, enhancing its value as a vacation retreat.
The home successfully blends timeless aesthetic with modern upgrades, including dual-pane windows, a mini-split system, and upgraded heating, making it a turnkey option with proven vacation rental potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1184.
With four bedrooms distributed across only 1,500 square feet, the interior layout and individual room sizes may feel restrictive for larger families or groups.
The 4,860 square foot lot is relatively small for a mountain property, which may limit outdoor privacy and restrict options for future expansion or extensive landscaping.
Experience the extraordinary charm of this iconic vintage Lake Arrowhead cabin, located in the desirable Palisades neighborhood just one block from the lake. Steeped in local lore--rumored to have been owned by James Cagney and overlooking Charlie Chaplin's former cottage--this home captures the spirit of 1930s Hollywood mountain retreats. Surrounded by lilacs, dogwoods, cedars, pines, and maples, the private entry deck sets the tone for the charm within. The dramatic living room features soaring beamed ceilings, a stunning split granite fireplace, and abundant natural light, all enhanced by preserved vintage details. The adjoining kitchen blends nostalgic appeal with functionality, showcasing a classic O'Keefe & Merritt range, 1930's touches charm, and a cozy dining nook with filtered lake views, plus access to an additional entertainment deck. The floor plan offers a main-level bedroom and bath, a private lower-level suite with its own entrance, sitting area, and laundry, and upper-level sleeping spaces with peeks of the lake--ideal for hosting family and guests. The landscaped yard and outdoor decks create the perfect setting for entertaining or relaxing under the trees. Updated with modern comforts--including dual-pane windows, upgraded heating, mini-split and more--this home, adorned almost entirely in wood and stone, preserves its timeless character while offering today's convenience. With seasonal lake views from multiple levels, easy walk to the lake, and proven vacation rental potential, this is a your opportunity to own a true piece of Lake Arrowhead history.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,500 | 1,995.5 | 23% |
| Lot Size | 4,860 | 9,857 | 13% |
| Price | $829.0K | $685.0K | 66% |
| Price per sq ft | $553 | $346 | 88% |
| Built year | 1930 | 1978 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 213 | 1% |
May 13, 2026
$829,000
Initial Listing
Nov 23, 2020
$650,000
Public Record
Oct 8, 2019
$525,000
Public Record
May 4, 2017
$428,500
Public Record
Jan 7, 2016
$365,000
Public Record
Dec 2, 2013
$369,000
Public Record
Apr 7, 2004
$359,000
Public Record
Aug 28, 2003
$314,000
Public Record