28772 Cedar, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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28772 Cedar
Lake Arrowhead, California 92352
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,514Sq Ft
4,860Lot Size
Property Price
LIST PRICE$829,000
EST. MARKET VALUE
$726,818
14% AboveMARKET VALUE
SUMMARY
This Historic Lake Arrowhead Cabin is a Strong Value Opportunity, listed at $829,000—positioned well above the $726,818 Fair Market Value. While the property carries a premium, its Good Condition Rating and 1930s architectural character, including a stone fireplace and vintage kitchen, offer a unique lifestyle sanctuary. Featuring Lake Rights, Level Parking, and proximity to the Rim of the World School District, this home provides rare convenience in a premier location. It is an ideal acquisition for lifestyle-focused buyers or vacation home seekers desiring a move-in ready retreat.
Estimated Market Value
$726,818
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28772 Cedar Subject 4 bd · 3 ba · 1,514 sqft · $480 | $829,000* List Price | 4 | 3 | 1,514 | $480 | - |
A 202 Maple Drive Sold 3 bd · 2 ba · 1,885 sqft · $394 · 0.3 mi | $742,500 | 3 | 2 | 1,885 | $394 | 0.3 mi |
B 157 Bret Harte Road Sold 3 bd · 2 ba · 1,863 sqft · $419 · 0.4 mi | $780,000 | 3 | 2 | 1,863 | $419 | 0.4 mi |
C 28886 Cedar Sold 3 bd · 3 ba · 1,512 sqft · $430 · 0.2 mi | $650,000 | 3 | 3 | 1,512 | $430 | 0.2 mi |
D 238 Maple Drive Active 4 bd · 2 ba · 1,659 sqft · $473 · 0.3 mi | $785,000 List Price | 4 | 2 | 1,659 | $473 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1930, the property has been meticulously maintained and selectively updated within the last 5-15 years. The kitchen features modern stainless steel appliances and updated tile alongside vintage fixtures, and the master suite includes a renovated bathroom. The inclusion of AC and the overall move-in ready condition elevate it from 'Fair' to 'Good' despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Lake Rights
Situated in the highly sought-after Palisades neighborhood just blocks from the water, this property includes essential lake rights and easy access to the lake trail, restaurants, and shops.
- Historic Hollywood Charm
Built in 1930 and rumored to be James Cagney’s former cabin, the home features exceptional vintage character including original hardwood floors, casement windows, and a classic stone wood-burning fireplace.
- Rare Level Parking
The property features totally level parking, a highly desirable and rare asset in Lake Arrowhead that ensures easy year-round access and convenience for residents and guests.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1514, other record living area = 1184.
- Limited Lot Size
At 4,860 square feet, the lot is relatively small for the area, which may limit outdoor privacy and space for significant exterior expansions or large-scale landscaping.
- Vintage Infrastructure Risks
While beautifully maintained, the 1930s construction and original architectural elements may require more frequent specialized maintenance compared to modern builds.
About 28772 Cedar
OH SO CHARMING & RIGHT BY THE LAKE!!! Rumor Has it this Was James Cagney’s Cabin Back in the Day… Sitting Just Behind the Charlie Chaplin House! WOW! YOU WILL ABSOLUTELY LOVE the Vintage Hardwood Flooring, Original Casement Windows with Shutters and the Rustic Doors Throughout! The Living Room Just Ooozes with Character with the Amazing High Ceilings and Stone Woodburning Fireplace! So Cozy!!! The Kitchen Just Brings You Back to Another Time with its Antique O'keefe & Merritt Stove and Vintage Sink, But Has Been So Lovingly Updated and Maintained! The Eat-in Dining Area is Oh So Dreamy, with Oversized Windows All Around Bringing in the Nature. You Can Even See the Lake in the Winter Months! Doors on Both Sides of Kitchen Lead to Side Decks Great for Barbecuing and Entertaining... Such a Great Flow Between the Outside and In... The Main Level has a Bedroom and Full Bath. Downstairs is an Amazing Master Suite with a Fantastic Master Bath with Freestanding Antique Bathtub and Laundry. So Convenient!!! There is a Great Sitting Area Between the Bedroom and Bath that Could Easily Be Converted to an Amazing Closet Area! Slider Opens to a Wonderful Private Patio and Fenced Yard! YOU WILL LOVE IT!!! Upstairs From the Living Room are 2 More Bedrooms and a 1/2 Bath, Complete with Bunk Beds, A Sitting Area with Desk and AC! Totally Level Parking too!! This is a Very Special Home and You Will Feel it When You Walk in the Front Door... Such a Wonderful Place to Enjoy Beautiful Lake Arrowhead! Just a Couple Blocks from the Lake too! Go for a Walk on the Amazing Lake Trail, Take the Boat for a Couple Laps Around the Lake, Go for a Swim or Catch a Few Fish! Just a Short Stroll to the Restaurants & Shops in Cedar Glen or Take a Quick Drive to the Village, Skypark or Even Ski at Snow Valley! SO MUCH TO DO!!! Can't Beat the Location in the Highly Sought After Palisades Neighborhood that Everyone Loves!!!! And of Course, it Has Lake Rights!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 4,860 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 1.1 mi
4/10
Charles Hoffman Elementary School
Grades K-5 • 6.1 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 7.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,514 | 1,979.061 |
| Lot Size | 4,860 | 10,277.399 |
| Price | $829.0K | $643.6K |
| Price per sq ft | $548 | $338 |
| Built year | 1930 | 1978 |
| HOA | $0 | $614 |
| Days on market | 24 | 91 |
Pricing History
Listed for Sale
Sep 30, 2026
$829,000
Initial Listing
Sold
Nov 23, 2020
$650,000
Public Record
Sold
Oct 8, 2019
$525,000
Public Record
Sold
May 4, 2017
$428,500
Public Record
Sold
Jan 7, 2016
$365,000
Public Record
Sold
Dec 2, 2013
$369,000
Public Record
Sold
Apr 7, 2004
$359,000
Public Record
Sold
Aug 28, 2003
$314,000
Public Record