
Lake Arrowhead, California 92352
This Hybrid Single Family Residence represents a Strong Value Opportunity, listed at $750,000—positioned well below the $747,945 Fair Market Value (Note: Market parity). Featuring a Condition Rating of 3, this home offers significant upside through its ADU Potential and custom workshop garage. With a Granite Kitchen, Dual-Zone Heating, and a private deck overlooking mature trees, it balances lifestyle comfort with financial 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 unique, income-generating mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28940 Potomac Subject | $750,000* List Price | 3 | 3 | 2,262 | $331 | - |
A 434 Klamath Drive Sold | $630,380 | 4 | 3 | 2,440 | $258 | 0.4 mi |
B 28730 Potomac Sold | $885,000 | 3 | 2 | 2,077 | $426 | 0.2 mi |
C 28641 Shenandoah Drive Sold | $795,000 | 3 | 3 | 2,416 | $329 | 0.4 mi |
D 28622 Shenandoah Drive Sold | $750,000 | 3 | 3 | 2,151 | $349 | 0.4 mi |
E 416 Klamath Drive Sold | $625,000 | 3 | 2 | 1,746 | $358 | 0.4 mi |
F 384 Primrose Circle Sold | $705,000 | 4 | 3 | 2,585 | $273 | 0.8 mi |
G 400 Merrimack Drive Active | $950,000 List Price | 4 | 3 | 2,334 | $407 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1970 but meticulously maintained by a single owner for over 40 years. The kitchen has been updated with granite countertops and newer cabinetry (estimated 10-15 years old). Features upgraded systems like dual-zone heating and a functional layout. While some flooring and finishes are slightly dated, the home is move-in ready and shows pride of ownership.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9750, living area = 2262.
The property includes a framed space above the garage already stubbed for plumbing and electrical, providing a significant opportunity for rental income or a guest suite.
Held by a single owner for over 40 years, the home features high-end custom upgrades including a deep-water tree irrigation system, dual-zone heating, and a specialized workshop garage with an engine hoist.
Built in 1970 and featuring highly specific 'one-of-a-kind' customizations, the interior may require modernization to appeal to buyers seeking contemporary mountain finishes.
With 56 days on the market and a recent $80,000 price reduction, the property is currently undergoing a price correction to overcome initial overvaluation.
Nestled in the Trees! Conveniently located in the south east corner of “Arrowhead Woods”. Close to the Dam and Marina, Mountains Community Hosp., a quick jump over to the Village. Pop down Cumberland Dr. to Cedar Glen loaded with services. Gas, Mini Mart, Flowers, Coffee Shop, Hardware store, Furniture store, Post office, 2 Salons, restaurants and a Gym. This Wonderful Home has had 1 owner for over 40 yrs, Cared for, and Customized over the years. Lots of extras throughout, Dual Zone Heating, Custom Made Overhead Train Set and Projector Screen setup in the game room. Upstairs 2 bed 1 bath, downstairs primary suite and Laundry. As you enter the Living Room don’t miss the built in desk, cabinets and book cases with open beam ceiling and rock fireplace. Exit thru the Custom Wood French Doors out to the oversize deck surrounded by Big Mature trees with Custom Deep Water System to help keep them healthy and green. Enjoy the gas outlets for a BBQ and a Heater. Lovely Granite counter kitchen with walk in Pantry, open to the Dining Area, Bay Windows viewing the private stone and brick patio area. Other external features, include, Boat or Truck or Trailer parking at the top of the front stairs. Level 2 car concrete parking in front of the Oversize garage. Fire Hydrant located on the front right corner of the property. Continue into the garage, enjoy a custom air compressor system setup, along with an overhead engine hoist rail. All this capped off with a future Additional Dwelling Unit above the garage. Currently being utilized for lots of storage. Fully Framed with windows and stubbed electrical and plumbing. GREAT future Income or extended family living space. No Cookie Cutter home here totally one of a kind.
No exterior & parking available.
Grades PK-5 • 2.0 mi
Grades K-5 • 5.4 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 | 2,262 | 2,126 |
| Lot Size | 9,750 | 9,850 |
| Price | $750.0K | $669.1K |
| Price per sq ft | $332 | $346 |
| Built year | 1970 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 76 | 92 |
Jul 2, 2026
$750,000
$830,000
-10% Price Drop
Initial Listing
May 7, 2026
$830,000
Initial Listing