
Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a Strong Value Opportunity, listed at $825,000—positioned well below the $854,128 Fair Market Value by 3%. This valuation gap offers $29,128 in Instant Equity for the buyer. Featuring a Mint Condition Rating with high-end renovations, this home offers a First-Tier Lake View and Central A/C. Located in the Rim of the World School District, it provides a perfect balance of modern comfort and mountain lifestyle. This is an ideal acquisition for Owner-Occupants or second-home buyers seeking a move-in ready property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28901 Palisades Subject 3 bd · 3 ba · 1,221 sqft · $700 | $825,000* List Price | 3 | 3 | 1,221 | $700 | - |
A 28782 Cedar Drive Active 3 bd · 2 ba · 1,129 sqft · $708 · 0.1 mi | $799,000 List Price | 3 | 2 | 1,129 | $708 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1938, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen and bathrooms feature modern designer finishes and new appliances, while the electrical, plumbing, and HVAC systems (central A/C) have been fully updated, placing the home in mint, move-in-ready condition.
Situated directly across from the lake in the prestigious Palisades neighborhood, the property offers captivating lake views and highly desirable lake rights.
The 1938 architecture features vaulted beamed ceilings and designer touches, seamlessly integrated with modern essentials like central A/C and updated utility systems.
The home includes substantial street-level parking, a rare and valuable asset in Lake Arrowhead that provides exceptional convenience for owners and guests.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1221, other record living area = 743.
Two of the three bedrooms are located in a separate unit, which may pose a challenge for families with young children who prefer a unified floor plan.
With only 1,221 square feet distributed across three bedrooms and three bathrooms, the interior dimensions may feel restrictive for those seeking a more spacious mountain retreat.
Lake View Charmer in the Coveted Palisades Neighborhood of Lake Arrowhead! Experience quintessential Lake Arrowhead living from this vintage mountain charmer, ideally positioned in a coveted first-tier location directly across the street from the lake. Wide, captivating views of Lake Arrowhead create a beautiful backdrop, while the home’s timeless character and thoughtful interior designer touches give the property a distinctive sense of style and warmth. Inside, vaulted, beamed wood ceilings celebrate the home’s vintage mountain architecture. The primary bedroom is privately situated on the upper level among the dramatic ceilings, creating an inviting retreat with character all its own. Two freshly remodeled additional bedrooms are tucked away in their own separate unit with a full bathroom, offering wonderful flexibility for guests, extended family, a home office, or those seeking additional privacy. Thoughtful updates have been made throughout while preserving the charm and personality that make the home so special. Interior designer details complement its vintage character, while updated electrical and plumbing systems and central air conditioning provide the modern comforts and peace of mind today's buyers appreciate. Substantial street-level parking—a particularly valuable feature in the mountains—adds everyday convenience. And with the lake just across the street, the setting captures the relaxed, sought-after lifestyle that makes Lake Arrowhead so special. With its first-tier location, lake rights, sweeping lake views, vintage architecture, designer touches, flexible accommodations, updated systems, central A/C, and generous parking, 28901 Palisades Drive offers a rare combination of character, comfort, and location in the heart of Lake Arrowhead.
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 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,221 | 1,979.061 |
| Lot Size | 4,420 | 10,277.399 |
| Price | $825.0K | $643.6K |
| Price per sq ft | $676 | $338 |
| Built year | 1938 | 1978 |
| HOA | $0 | $614 |
| Days on market | 17 | 91 |
Oct 7, 2026
$825,000
Initial Listing
Mar 18, 2025
$750,000
Public Record
Dec 17, 2021
$900,000
Public Record