28800 Zion Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Lake-View Fixer-Upper is a High-Potential Investment Opportunity with a List Price of $370,000. While priced above its $335,093 Fair Market Value, the asset offers significant value-add potential in the prestigious Arrowhead Woods community. The residence carries a Condition Rating of 5, requiring a comprehensive renovation to address structural subfloor damage and dated finishes. Featuring Lake and Mountain Views and a spacious deck, the property is conveniently located near Lake Arrowhead Elementary. This is an ideal project for Fix-and-Flip Investors or Contractors seeking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28800 Zion Drive Subject | $370,000* List Price | 3 | 2 | 1,568 | $214 | - |
A 1411 Sequoia Drive Sold | $425,000 | 3 | 2 | 2,166 | $196 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 (47 years old) and explicitly marketed as a 'true fixer-upper' in as-is condition. Interior photos reveal significant safety and structural concerns, most notably a bathroom with a severely rotted or missing subfloor around the toilet. The home features original wood paneling, heavily soiled/damaged carpeting, and dated kitchen facilities, requiring a comprehensive rehab to be made modern and safe.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9440, living area = 1568.
The property features beautiful, scenic views of Lake Arrowhead and the surrounding mountains, a highly sought-after feature that significantly enhances the home's appeal as a retreat.
Priced as a fixer-upper in the desirable Arrowhead Woods area, this home offers a prime opportunity for investors or DIY buyers to build substantial equity through renovation.
The home is a true fixer-upper being sold in as-is condition, meaning buyers must be prepared for the immediate costs and complexities of a full-scale remodel.
The basement has been converted into an additional bedroom and bathroom with unknown permit status, which may present challenges for financing or future building compliance.
Nestled in the scenic mountain community of Lake Arrowhead, this lake-view home at 28800 Zion Dr offers a rare opportunity to create your ideal retreat. Featuring beautiful views of the lake, the property is a true fixer-upper being sold in as-is condition, ready for a buyer with vision to update and make it their own. Tax records reflect the home as a 3-bedroom, 2-bathroom residence; however, the basement has been converted to include an additional bedroom and bathroom, with permit status unknown. Whether you’re looking for a full-time residence, vacation getaway, or investment project, this property presents incredible potential in a highly desirable mountain setting.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades K-5 • 6.7 mi
Grades K-5 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,568 | 1,995.5 | 27% |
| Lot Size | 9,440 | 9,857 | 43% |
| Price | $370.0K | $683.5K | 4% |
| Price per sq ft | $236 | $344 | 6% |
| Built year | 1977 | 1978 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 212 | 1% |
Apr 27, 2026
$370,000
Initial Listing
Dec 10, 2001
$180,000
Public Record