292 Ponderosa Peak Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 5 bath

292 Ponderosa Peak Road, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$2,650,000
292 Ponderosa Peak Road, Lake Arrowhead, California 92352
4Beds
5Baths
4,747Sqft
13,480Lot

Price Vs. Estimate

The estimated value ($2,650,000) is $0 (0%) lower than the list price ($2,650,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Gated Community: This is a brand new home (built 2023) located in the exclusive, secure, and prestigious Mill Pond community, offering modern living in a highly sought-after setting.
Top Cons:
Significant Price Adjustment: The substantial reduction from the original list price (from $3.5M to $2.65M) may raise questions about initial market positioning or perceived value among potential buyers.

Compared to the nearby listings

Price:$2.65M vs avg $675.0K (+$1,975,000)97%
Size:4,747 sqft vs avg 1,948 sqft97%
Price/sqft:$558 vs avg $35188%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand new construction. The MLS description explicitly states 'stunning, brand new home' and the images confirm a pristine condition with modern, high-end finishes throughout. The kitchen features contemporary flat-panel cabinetry, quartz countertops, and integrated stainless steel appliances. Bathrooms are spa-like with modern fixtures, lighted mirrors, and a freestanding tub with a view. Flooring is consistent, modern wood-look material. All systems, including heating (fireplaces mentioned, mini-split AC visible in game room) and electrical, are new and meet current quality standards. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'Excellent' criteria.
Year Built
2023
Close
-
List price
$2.65M
Original List price
$3.5M
Price/Sqft
$558
HOA
$115
Days on market
-
Sold On
-
MLS number
RW24217156
Home ConditionExcellent
Features
Excellent View: Lake, Mountain(s), Panoramic, Trees/Woods
Deck
ViewLake, Mountain(s), Panoramic, Trees/Woods

About this home

Welcome to Your Dream Home in Lake Arrowhead’s Newest Prestigious Community, Mill Pond! This home includes a detached Casita (ADU) with its own kitchenette, bedroom, and bathroom - perfect for guests or as a rental opportunity. Imagine waking up each day in this stunning, brand new home, perched at the top of a peaceful, private cul-de-sac in this exclusive gated community. This property offers complete privacy, jaw-dropping lake views, level entry, and a 2-car garage - a rare find in Lake Arrowhead. As you step inside, you’re greeted by an open-concept layout that seamlessly connects the kitchen to the spacious living room. Every room has a view of the Lake like no other home in the area. Enjoy the cozy fireplace or step outside the expansive sliding glass doors that lead to a large deck where you can soak in the incredible, uninterrupted views. For added convenience, the home features a 2 person elevator, ideal for easily moving between the main floor and upstairs, or using as a "dumbwaiter" to transport items. Upstairs, the primary bedroom serves as your private retreat, complete with a cozy fireplace and your very own private deck. Enjoy the spa-like bathroom featuring a bathtub positioned perfectly in front of a large window to capture stunning lake views. This floor also includes a convenient laundry room and an office space, perfect for working from home. The lower level offers even more living space, with a cozy second living area, a fireplace and large sliding glass doors that open up to a third expansive deck, two ensuite bedrooms, and a spacious game room. Mill Pond isn’t just a neighborhood, it’s a lifestyle. Nestled in the serene landscapes of Lake Arrowhead, this community offers a perfect blend of luxury and nature. Whether hiking, biking, or enjoying peaceful walks by the lake, outdoor adventure is right at your doorstep. Living in Mill Pond means you’re part of a secure, gated community with beautifully maintained grounds, just a short drive from shops, restaurants, and amenities. Prime dock rental location along with a 2022 Sea-Doo Switch sport boat available for additional purchase. This home isn’t just about luxury, it’s about embracing the Lake Arrowhead lifestyle.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,PK-51.7mi
4/10
Charles Hoffman Elementary School
Public,K-55.6mi
3/10
Valley Of Enchantment Elementary School
Public,K-57.5mi
/10
Rim Virtual
Public,K-81.9mi
5/10
Mary P. Henck Intermediate School
Public,6-82.4mi
6/10
Rim Of The World Senior High School
Public,9-122.3mi
Condition Rating
Excellent

This property was built in 2023, making it a brand new construction. The MLS description explicitly states 'stunning, brand new home' and the images confirm a pristine condition with modern, high-end finishes throughout. The kitchen features contemporary flat-panel cabinetry, quartz countertops, and integrated stainless steel appliances. Bathrooms are spa-like with modern fixtures, lighted mirrors, and a freestanding tub with a view. Flooring is consistent, modern wood-look material. All systems, including heating (fireplaces mentioned, mini-split AC visible in game room) and electrical, are new and meet current quality standards. There is no deferred maintenance or physical depreciation visible, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

New Construction & Gated Community: This is a brand new home (built 2023) located in the exclusive, secure, and prestigious Mill Pond community, offering modern living in a highly sought-after setting.
Panoramic Lake Views: The property boasts uninterrupted, jaw-dropping lake views from every room and multiple expansive decks, providing a premium and rare visual experience in Lake Arrowhead.
Detached Casita (ADU): Includes a detached Casita with its own kitchenette, bedroom, and bathroom, offering significant flexibility for guests, extended family, or potential rental income.
Luxury Features & Accessibility: Equipped with a 2-person elevator, a spa-like primary bath with lake views, multiple cozy fireplaces, and a rare level entry with a 2-car garage, enhancing comfort and convenience.
Lake Arrowhead Lifestyle & Amenities: Offers direct access to outdoor activities, close proximity to shops and restaurants, and includes a prime dock rental location, embodying the desirable Lake Arrowhead lifestyle.

Cons

Significant Price Adjustment: The substantial reduction from the original list price (from $3.5M to $2.65M) may raise questions about initial market positioning or perceived value among potential buyers.
Dock Rental, Not Ownership: While a prime dock rental location is available, the property does not include an owned boat dock, which could be a preference for some luxury lakefront buyers seeking full ownership.
Potential Lack of Central Air Conditioning: The description highlights multiple fireplaces for warmth but does not explicitly mention a cooling system, which could be a drawback during warmer months, especially for a new construction.

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