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 a Strong Value Opportunity listed at $599,000, representing a stable and fair acquisition at its $599,000 Fair Market Value. Currently holding a Condition Score of 4, the property is well-maintained but offers significant upside through modernization of the kitchen and baths. Featuring highly desirable Lake Rights, a Cathedral-Style Great Room, and Panoramic Mountain Views, the home combines architectural character with lifestyle utility. Located in the Rim of the World district near Lake Arrowhead Elementary, this is a prime choice for Owner-Occupants or Buy-and-Hold 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 1310 Yosemite Drive Sold | $695,000 | 4 | 3 | 2,309 | $301 | 0.3 mi |
C 28691 Quebec Sold | $585,000 | 3 | 3 | 1,911 | $306 | 0.4 mi |
D 1216 Yosemite Drive Sold | $489,900 | 3 | 2 | 1,848 | $265 | 0.3 mi |
E 1310 Montreal Drive Sold | $530,000 | 3 | 2 | 1,728 | $307 | 0.7 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, this property is well-maintained and structurally sound, retaining its classic mountain charm with extensive wood paneling and hardwood floors in main areas. However, the kitchen features dated honey oak cabinets, older white appliances (with a newer-looking stainless fridge), and granite countertops that are not contemporary in style. The bathrooms are significantly outdated with tiled countertops, brass fixtures, and wallpaper, requiring substantial cosmetic renovations to meet modern aesthetic standards. While move-in ready, the property clearly shows its age and would benefit from significant updates in key areas like the kitchen and bathrooms.
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.
The property includes highly desirable Lake Rights and is situated just a short walk to the lake, offering premium recreational access.
Features a breathtaking cathedral-style great room with a dramatic prow front design, massive windows, and two fireplaces, creating a unique and inviting mountain retreat atmosphere.
Built in 1980, while solidly built, the property may require updates to certain finishes or systems to align with contemporary aesthetic and efficiency preferences.
The 'Back on Market! Buyer could not perform!' status may prompt questions from potential buyers regarding the reason for the prior transaction's failure.
Typical for mountain homes of its era, the property likely lacks a central air conditioning system, which could be a consideration for comfort during warmer months.
Back on Market! Buyer could not perform! Where Mountain Charm Meets Endless Possibility – A Storybook Retreat with Lake Rights Tucked away on a beautifully treed lot just a short walk to the lake, this 3 bedroom, 3 bath mountain retreat feels like a hidden gem waiting to be discovered. From the moment you arrive, the inviting covered front porch welcomes you with the promise of cozy mornings and peaceful evenings surrounded by nature. Step inside and you’re greeted by the most breathtaking cathedral-style great room—a soaring open space with a dramatic prow front design, massive windows, and two fireplaces that anchor the home with warmth and character. It's the heart of the house, virtually staged to help you imagine family gatherings, fireside chats, and mornings bathed in golden light. The layout unfolds with multiple living spaces, including a flexible lower level that’s perfect as a game room, second living area, or guest suite. And for wine lovers, a private wine cellar awaits—ideal for storing your collection or hosting intimate tastings after a day at the lake. The large decks extend your living space outdoors, offering sweeping spectacular views—a daily reminder of the peace and beauty that surrounds you. Whether you're sipping coffee at sunrise or stargazing at night, this home invites you to slow down and savor every moment. The home is solidly built, with classic mountain charm and lake rights included. It’s move-in ready but offers the perfect canvas for a few remodeling touches to make it truly your own. Think of it as an opportunity, not just a home—whether you're looking for a weekend escape, a full-time sanctuary, or a great investment property with high rental potential. This is more than a home—it’s a lifestyle. A place to make memories, to gather, to unwind. And it’s waiting for you. --
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 | 1,964 | 67% |
| Lot Size | 11,600 | 9,857 | 74% |
| Price | $599.0K | $690.0K | 39% |
| Price per sq ft | $251 | $346 | 7% |
| Built year | 1980 | 1978 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 294 | 229 | 70% |
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