292 Heliotrope Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
292 Heliotrope Drive
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 292 Heliotrope Drive, Lake Arrowhead, California 92352 reveals a property with a current list price of $650,000, which is 4% above the estimated $618,659 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 292 Heliotrope Drive Subject | $650,000* List Price | 4 | 3 | 1,294 | $478 | - |
A 118 E Lane Sold | $587,200 | 3 | 2 | 1,372 | $428 | 0.4 mi |
B 323 Mittry Lane Sold | $489,000 | 3 | 2 | 1,254 | $390 | 0.8 mi |
C 425 Heliotrope Drive Sold | $755,000 | 3 | 3 | 1,754 | $430 | 0.2 mi |
D 325 Primrose Circle Sold | $697,000 | 3 | 2 | 1,285 | $542 | 0.8 mi |
E 207 C Lane Sold | $710,000 | 3 | 2 | 1,700 | $418 | 0.5 mi |
F 110 Highway 173 Active | $599,000 List Price | 3 | 3 | 1,260 | $475 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1956, benefits from significant recent updates including a newer roof, Pex plumbing, double-pane windows, and newly remodeled bathrooms, which are modern and well-appointed. The separate apartment was also remodeled a few years ago with modern features. While the kitchen features dated honey oak cabinets, tile countertops, and black appliances, it appears functional and well-maintained. The living areas have clean carpet and some dated light fixtures/ceiling fans, but the overall condition is move-in ready with major systems updated or well-maintained, aligning with a 'Good' rating despite the older kitchen aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location & Lake Rights
The property boasts direct walkability to Lake Arrowhead, shopping, and dining, complemented by valuable lake rights in the desirable Palisades area, enhancing its recreational and lifestyle appeal.
- Income-Generating/Flexible Separate Apartment
A recently remodeled, self-contained apartment with its own HVAC system offers significant potential for rental income, guest accommodation, or multi-generational living arrangements.
- Significant Recent Upgrades
The home benefits from substantial updates including a newer roof, Pex plumbing, double-pane windows, and newly remodeled bathrooms, reducing immediate maintenance concerns for a buyer.
CONSRISKS & DEFICIENCIES
- Original Construction Age
Built in 1956, the main structure is older, which, despite mentioned updates, may still present potential concerns regarding original systems or structural elements not explicitly upgraded.
- Compact Main House Living Space
With 1294 square feet accommodating 4 beds and 3 baths (inclusive of the apartment), the main house living areas or individual rooms may feel relatively compact.
- Absence of Direct Lake Views
While offering lake rights and proximity, the property's view is limited to 'Neighborhood, Trees/Woods,' lacking the premium direct lake views often sought after in Lake Arrowhead.
About 292 Heliotrope Drive
Walk to the lake, shopping and dining from this cozy cottage with lake rights in the desirable Palisades area. It is situated on a level corner lot with a rear backyard, separate apartment, front party deck and lots of beautiful trees for summer shade. This well maintained gem of a retreat has 3 bedrooms, 2 baths in the main house, one being a primary bedroom and bath. Some of the qualities of the home are: double-pane windows, ceiling fans, wood floors and carpet, 4 car tandem garage with lots of storage and work area, newer roof, newer Pex plumbing, separate apartment, storage shed in the back of the property, lots of built-in storage cabinets, insert wood fireplace for curling up by the fire on cool winter nights, all house fan in the main house, newly remodeled bathrooms, walk-in showers and so much more. The attached apartment (to the garage) was built approximately in 1970 but has been remodeled a few years ago, open space with it's own split pump air & heat, on demand water heater, refrigerator, ceiling fan, barn closet doors and excellent storgage. This home is the definition of a mountain lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 6,360 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.3 mi
Charles Hoffman Elementary School
Grades K-5 • 6.0 mi
Valley Of Enchantment Elementary School
Grades K-5 • 7.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,294 | 1,971 | 16% |
| Lot Size | 6,360 | 9,752 | 17% |
| Price | $650.0K | $677.5K | 47% |
| Price per sq ft | $502 | $342 | 86% |
| Built year | 1956 | 1977 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 245 | 238 | 54% |
Pricing History
Listed for Sale
Jul 5, 2025
$650,000
Initial Listing