28994 North Shore, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 4 bath
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Lake Arrowhead, California 92352
This Luxury Lakeview Residence is a Prime Investment Opportunity listed at $1,900,000—positioned well below the $1,939,609 Fair Market Value by 2%. This valuation gap offers $39,609 in Instant Equity. Maintaining a Condition Rating of 3, the property features a gourmet kitchen, private guest suite, and expansive party deck with scenic views of Lake Arrowhead. Located in the Rim of the World district, its history as a successful short-term rental ensures immediate utility. This is an ideal match for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28994 North Shore Subject | $1,900,000* List Price | 4 | 4 | 4,343 | $471 | - |
A 407 Giant Oak Sold | $1,640,000 | 4 | 3 | 3,164 | $518 | 0.9 mi |
B 951 Osprey Active | $1,688,000 List Price | 4 | 4 | 4,050 | $417 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1984-built residence is in move-in ready condition, showing evidence of significant updates that align with modern standards. The kitchen is well-appointed with high-end stainless steel appliances, stone countertops, and a large breakfast bar. Bathrooms have been updated with custom tile work and contemporary fixtures. The home features high-quality finishes including hardwood flooring, vaulted wood-beam ceilings, and updated mechanical systems such as dual air conditioning and a backup generator. While the architectural style reflects its original era, the property has been meticulously maintained and renovated to provide a luxury experience.
Situated in a prestigious gated first-tier neighborhood, this property offers desirable lake views and rare walking proximity to the water, dock, and sandy beach area.
The floor plan includes a completely private guest suite with its own living area and fireplace, making it ideal for multi-generational living or high-end short-term rental use.
The home is exceptionally well-equipped for year-round mountain comfort, featuring dual air conditioning systems, a backup generator, an oversized garage, and dedicated RV parking.
While the property offers lake access, the private dock (NSM 2, Slip 21) is sold separately, requiring a significant additional investment beyond the $1.9M list price.
Built in 1984, the home may require aesthetic modernization or updates to its original finishes to compete with newer luxury builds in the Arrowhead Woods area.
Welcome to this exceptional lakeview residence located in a gated first-tier neighborhood in Lake Arrowhead. This home offers an elevated mountain-lake lifestyle with privacy, comfort, and beautiful views. The inviting living areas feature a huge fireplace with built-in cabinets and a bar area, making it the perfect space for relaxing or entertaining. The main living space is filled with natural light and opens directly to a large party deck—ideal for outdoor gatherings while enjoying scenic lake views. The spacious kitchen features a generous breakfast bar and is conveniently located adjacent to both formal and informal dining areas, creating an ideal layout for entertaining and everyday living. The home features 4 bedrooms and 3.5 bathrooms, including a spacious primary suite on the main level with a large custom bath showcasing generous space and thoughtful finishes. Two additional bedrooms are also located on the main level, providing excellent flexibility for family, guests, or a home office. In addition, the home includes a private guest suite with its own living area featuring a fireplace, a spacious bedroom, and a private bath—offering comfort and privacy for visitors. Enjoy the convenience of walking to the lake, dock, and sandy beach area for easy access to lakeside recreation. The dock is available for purchase separately. Additional amenities include an oversized two-car garage, RV parking, and ample additional parking for guests. The home is also equipped with two air conditioning systems and a backup generator for year-round comfort and reliability. This home has been a successful short-term rental (STR) and can be continued as an income-producing property by new owners. Dock NSM 2, Slip 21 is available for extra $$$.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 4,343 | 1,964 | 95% |
| Lot Size | 12,000 | 9,857 | 77% |
| Price | $1.90M | $692.5K | 94% |
| Price per sq ft | $437 | $348 | 77% |
| Built year | 1984 | 1978 | 67% |
| HOA | $950.0 | $0 | 94% |
| Days on market | 51 | 226 | 4% |
Mar 2, 2026
$1,900,000
Initial Listing