
Lake Arrowhead, California 92352
This High-Potential Investment Opportunity is listed at $830,000, positioned slightly above the $798,776 Fair Market Value. While the price reflects a premium, the property offers significant upside through its Condition Rating of 3 and a fully framed, stubbed-out space above the garage ready for ADU conversion. Featuring a Granite Kitchen, dual-zone heating, and a custom deep-water system for mature trees, this home provides rare utility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, value-add property in Arrowhead Woods.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28940 Potomac Subject | $830,000* List Price | 3 | 3 | 2,262 | $353 | - |
A 28622 Shenandoah Drive Sold | $750,000 | 3 | 3 | 2,151 | $349 | 0.4 mi |
B 124 C Lane Sold | $865,000 | 4 | 4 | 2,224 | $389 | 0.5 mi |
C 416 Klamath Drive Sold | $625,000 | 3 | 2 | 1,746 | $358 | 0.4 mi |
D 28589 Shenandoah Drive Active | $665,000 List Price | 3 | 3 | 2,129 | $312 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1970, the property has been meticulously maintained by a single owner for over 40 years. It features key updates including a kitchen with granite countertops and a modern dual-zone heating system. The home is functional and move-in ready, though some interior finishes like carpeting appear dated.
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 fully framed space above the garage with windows and stubbed electrical/plumbing, providing a turnkey opportunity to complete an Additional Dwelling Unit (ADU) for rental income or guest housing.
Held by a single owner for over 40 years, the home features high-end custom upgrades including a dual-zone heating system, a specialized garage with an engine hoist and air compressor, and a custom deep-water system for the mature landscaping.
While the future ADU offers great potential, it currently requires additional capital investment and construction to finish the interior before it can be utilized as functional living space.
Built in 1970, the home may require cosmetic modernizations to its original layout and finishes to meet the aesthetic preferences of contemporary luxury buyers.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,262 | 1,998.5 | 65% |
| Lot Size | 9,750 | 9,857 | 48% |
| Price | $830.0K | $685.0K | 66% |
| Price per sq ft | $367 | $346 | 59% |
| Built year | 1970 | 1978 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 212 | 1% |
May 7, 2026
$830,000
Initial Listing