
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 | $594,000* List Price | 3 | 3 | 2,384 | $247 | - |
A 1364 Toronto Drive Sold | $615,000 | 4 | 3 | 2,094 | $294 | 0.4 mi |
B 1353 Golden Rule Lane Sold | $430,000 | 3 | 2 | 1,676 | $257 | 0.5 mi |
C 1023 Pintail Circle Pending | $688,500 List Price | 3 | 3 | 2,304 | $299 | 0.9 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.
A TRUE LAKE ARROWHEAD MOUNTAIN ESCAPE WITH LAKE RIGHTS! Tucked beneath a canopy of towering pines, this distinctive A-frame offers the architecture, setting, and lifestyle that make mountain living so special. From its dramatic roofline and classic prow-front design to its warm wood details and inviting outdoor spaces, this home is filled with character and ready for its next chapter. Rare level entry makes arrival easy, while Lake Rights and private lake access open the door to summers on the water, beach days, boating, and everything the Lake Arrowhead lifestyle has to offer. The property also has a strong short-term rental history, offering added flexibility for those looking for a personal retreat, income-producing getaway, or a combination of both. Inside, soaring wood-beamed ceilings and expansive triangular windows create a light-filled great room with unmistakable A-frame appeal. A striking stone fireplace anchors the living space and brings warmth to the home's classic mountain atmosphere. The dining area flows naturally into the kitchen, where open shelving and wood accents continue the relaxed cabin feel. A spacious loft-style game room provides valuable additional space for movie nights, games, guests, a home office, or an extra lounge area. Updated bathrooms introduce a more contemporary feel without taking away from the home's original personality, while central A/C provides added comfort through every season. Outside, the deck feels tucked into the forest, surrounded by mature trees and the peaceful sounds of a seasonal creek. It is an ideal setting for slow mornings, outdoor dining, evening gatherings, or simply enjoying the quiet of the mountains. Full of architectural charm and positioned for the Lake Arrowhead lifestyle, this A-frame combines Lake Rights, private lake access, level entry, rental history, flexible living space, and the opportunity to add your own vision. A memorable mountain property with character you simply don't find everywhere.
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 |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,384 | 2,015.827 |
| Lot Size | 11,600 | 10,163.827 |
| Price | $594.0K | $655.9K |
| Price per sq ft | $249 | $341 |
| Built year | 1980 | 1980 |
| HOA | $0 | $544 |
| Days on market | 434 | 78 |
Sep 5, 2026
$594,000
$599,000
-1% Price Drop
Initial Listing
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