292 Heliotrope Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 3 bath
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Lake Arrowhead, California 92352
This Versatile Mountain Retreat is listed at $650,000, representing a stable entry point near its $632,300 Fair Market Value. Maintaining a Condition Rating of 3, the residence features essential infrastructure updates including a newer roof, Pex plumbing, and remodeled bathrooms. The property’s unique value lies in its separate remodeled apartment and massive 4-car tandem garage, providing rare flexibility for multi-generational living or rental income. With Full Lake Rights in the prestigious Palisades area, this home is perfectly suited for Owner-Occupants or Lifestyle Investors seeking a functional mountain sanctuary.
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 | $489 | - |
A 110 Highway 173 Sold | $575,000 | 3 | 3 | 1,260 | $456 | 0.3 mi |
B 118 E Lane Sold | $587,200 | 3 | 2 | 1,372 | $428 | 0.4 mi |
C 323 Mittry Lane Sold | $489,000 | 3 | 2 | 1,254 | $390 | 0.8 mi |
D 325 Primrose Circle Sold | $697,000 | 3 | 2 | 1,285 | $542 | 0.8 mi |
E 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.1 mi |
F 388 Heliotrope Active | $639,000 List Price | 2 | 2 | 1,204 | $531 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
A recently remodeled, self-contained apartment with its own HVAC system offers significant potential for rental income, guest accommodation, or multi-generational living arrangements.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades PK-5 • 1.3 mi
Grades K-5 • 6.0 mi
Grades K-5 • 7.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,294 | 1,952.5 | 14% |
| Lot Size | 6,360 | 9,805 | 17% |
| Price | $650.0K | $690.0K | 45% |
| Price per sq ft | $502 | $348 | 87% |
| Built year | 1956 | 1978 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 291 | 229 | 69% |
Jul 5, 2025
$650,000
Initial Listing