28992 Banff Dr, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This Spacious Mountain Retreat is listed at $599,000, representing a stable acquisition at its $599,000 Fair Market Value. Boasting a Functional Condition Rating, the 2,384 sqft residence features a Cathedral-Style Great Room, Panoramic Mountain Views, and essential Lake Rights. While move-in ready, the dated 1980s finishes provide a significant value-add opportunity through cosmetic modernization. Situated within the Rim of the World District near Lake Arrowhead Elementary, the property balances lifestyle appeal with high rental potential. This is an ideal match for Owner-Occupants or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28992 Banff Dr Subject | $599,000* List Price | 3 | 3 | 2,384 | $251 | - |
A 1411 Sequoia Drive Sold | $425,000 | 3 | 2 | 2,166 | $196 | 0.3 mi |
B 1364 Toronto Drive Sold | $615,000 | 4 | 3 | 2,094 | $294 | 0.4 mi |
C 1310 Yosemite Drive Sold | $695,000 | 4 | 3 | 2,309 | $301 | 0.3 mi |
D 28691 Quebec Sold | $585,000 | 3 | 3 | 1,911 | $306 | 0.4 mi |
E 1353 Golden Rule Lane Sold | $430,000 | 3 | 2 | 1,676 | $257 | 0.5 mi |
F 1405 Sequoia Drive Active | $599,000 List Price | 4 | 3 | 2,393 | $250 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the home is functional and move-in ready but significantly dated. While the kitchen has had a mid-life update with stone countertops, the white appliances, floral wallpaper, and 4x4 tile in the bathrooms reflect finishes that are over 20 years old. The property requires cosmetic modernization and likely system inspections due to its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11600, living area = 2384.
Situated in the desirable Arrowhead Woods with coveted lake rights, this property is within walking distance to the lake, offering a premium mountain lifestyle and high rental potential.
The home features a stunning cathedral-style great room with a prow front design and massive windows that frame panoramic views of the mountains, desert, and city lights.
Built in 1980, the home is noted as a 'canvas for remodeling,' suggesting that buyers may need to budget for cosmetic or functional upgrades to meet contemporary aesthetic standards.
The property has undergone multiple price reductions and a 'back on market' status, which can sometimes create a negative perception regarding its value or condition among prospective buyers.
Hidden among the trees and just moments from the lake, this 3-bedroom, 3-bath retreat blends architectural character, flexible living space, and the kind of atmosphere that defines Lake Arrowhead living. A covered front porch welcomes you in, while the soaring cathedral-style great room makes an unforgettable impression with its prow-front design, massive windows, and two fireplaces. Multiple living spaces include a lower level suited for recreation, guests, or a second lounge, while a private wine cellar adds a rare and elevated feature. Large decks capture spectacular views and invite effortless outdoor living from morning coffee to evenings under the stars. With Lake Rights, move-in ready comfort, timeless mountain appeal, and room to make it your own, this property offers charm, versatility, and exceptional potential.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades K-5 • 6.7 mi
Grades K-5 • 7.9 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 | 2,384 | 1,998.5 | 66% |
| Lot Size | 11,600 | 9,897 | 71% |
| Price | $599.0K | $683.5K | 39% |
| Price per sq ft | $251 | $344 | 9% |
| Built year | 1980 | 1978 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 339 | 215 | 79% |
Nov 13, 2025
$599,000
$620,000
-3% Price Drop
Initial Listing
Oct 29, 2025
$620,000
$625,000
-1% Price Drop
Initial Listing
Oct 9, 2025
$625,000
$639,000
-2% Price Drop
Initial Listing
Jul 2, 2025
$639,000
Initial Listing