28901 Palisades Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This Turnkey Lake View Retreat is a High-Potential Investment Opportunity, listed at $875,000—positioned above the $766,040 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating following a comprehensive renovation, including updated HVAC, plumbing, and a modern kitchen. The Panoramic Lake Views and Short-Term Rental Potential of the lower-level suite provide significant income-generating utility. Located in the Rim of the World School District, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modernized, move-in ready mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28901 Palisades Drive Subject | $845,000* List Price | 3 | 3 | 1,221 | $666 | - |
A 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.3 mi |
B 388 Heliotrope Active | $615,000 List Price | 2 | 2 | 1,204 | $511 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1938, the property has undergone a comprehensive, high-end renovation within the last 5 years. The interior features a professionally curated modern kitchen with stainless steel appliances and a farmhouse sink, a newly completed lower level, and updated major systems including HVAC, plumbing, and roof, meeting the criteria for mint condition.
This first-tier property in the Palisades area offers exceptional lake views that rival lakefront homes, providing significant aesthetic appeal and a premium south shore position.
The home features extensive updates to critical systems including the roof, plumbing, and HVAC, and is offered turnkey furnished, making it an immediate, low-maintenance move-in option.
A newly completed lower level with a separate entrance offers excellent short-term rental potential, complemented by rare off-street parking for up to four vehicles.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1221, other record living area = 743.
With only 1,221 square feet to accommodate three bedrooms and three bathrooms, the living spaces and individual rooms may feel small or restrictive for some buyers.
While the home is priced at $875,000, the essential lake lifestyle component—the dock—requires an additional $350,000, significantly raising the total investment for full utility.
Hansel and Gretel's Lake View Tree top Retreat! Located in the Palisades area of lake on the south shore, this first tier charmer has a tremendous lake view that is even bigger and better than many lakefronts! Directly across from lake with a single slip dock & dock house available for additional ($350K), An updated and professionally curated cottage with newly completed lower level including 2 cozy bedrooms and bath with separate entrance-perfect for a potential STR or for guest to have their own private space. Beamed ceilings, new flooring, updated kitchen, fixtures, and private primary suite with walk in over size shower. This is a classic Lake Arrowhead charmer ready to enjoy turnkey furnished per seller inventory. The updated systems include air conditioning, heat, plumbing, roof and more. Additional bonus is the 3 to 4 car private off street parking for a park and walk experience that is accessible to Lake Arrowhead Village and Cedar Glen boutiques, dining, and entertainment minutes away. If you are seeking a true authentic but modernized escape, This one will capture your heart!
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades K-5 • 5.9 mi
Grades K-5 • 7.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,221 | 2,126 |
| Lot Size | 4,420 | 9,850 |
| Price | $845.0K | $669.1K |
| Price per sq ft | $692 | $346 |
| Built year | 1938 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 48 | 92 |
Jul 19, 2026
$845,000
$875,000
-3% Price Drop
Initial Listing
Jun 4, 2026
$875,000
Initial Listing
Mar 18, 2025
$750,000
Public Record
Dec 17, 2021
$900,000
Public Record