31522 Cedarwood Drive, Running Springs, California 92382, Running Springs, 92382 - 4 bed, 3 bath
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31522 Cedarwood Drive
Running Springs, California 92382
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,257Sq Ft
7,402Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$488,871
SUMMARY
This 4-Bedroom Mountain Retreat is a Strong Value Opportunity, listed at $549,000—positioned above the $503,879 Fair Market Value. While the property carries a Condition Rating of 4, it offers significant utility through its fully furnished status, Generac generator, and high-capacity layout, including an oversized bunk room and game room. The home provides a peaceful wooded forest view from its expansive deck and patio. This property is an ideal acquisition for Buy-and-Hold Investors seeking short-term rental potential or Owner-Occupants desiring a turnkey mountain getaway.
Estimated Market Value
$488,871
Based on Realkey algorithm analyzing recent comparable sales in Running Springs.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31522 Cedarwood Drive Subject 4 bd · 3 ba · 2,257 sqft · $217 | $499,000* List Price | 4 | 3 | 2,257 | $217 | - |
A 31051 Wild Oak Sold 3 bd · 3 ba · 2,288 sqft · $197 · 0.6 mi | $450,000 | 3 | 3 | 2,288 | $197 | 0.6 mi |
B 30955 Scenic Way Sold 3 bd · 3 ba · 2,142 sqft · $233 · 0.7 mi | $499,000 | 3 | 3 | 2,142 | $233 | 0.7 mi |
C 1980 Willow Sold 3 bd · 3 ba · 2,592 sqft · $231 · 0.8 mi | $599,000 | 3 | 3 | 2,592 | $231 | 0.8 mi |
D 30951 Glen Oak Sold 4 bd · 2 ba · 1,949 sqft · $213 · 0.7 mi | $415,000 | 4 | 2 | 1,949 | $213 | 0.7 mi |
E 31530 Onacrest Sold 2 bd · 3 ba · 1,692 sqft · $245 · 0.1 mi | $415,000 | 2 | 3 | 1,692 | $245 | 0.1 mi |
F 31353 Lightfoot Way Sold 5 bd · 3 ba · 2,372 sqft · $242 · 0.5 mi | $575,000 | 5 | 3 | 2,372 | $242 | 0.5 mi |
G 2551 Rim Of The World Drive Sold 3 bd · 2 ba · 1,600 sqft · $244 · 0.7 mi | $390,000 | 3 | 2 | 1,600 | $244 | 0.7 mi |
H 31482 Overhill Drive Active 4 bd · 3 ba · 2,172 sqft · $242 · 0.1 mi | $525,000 List Price | 4 | 3 | 2,172 | $242 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the home is functional but dated. While it features recent cosmetic updates like interior paint, newer flooring, and a new Generac system, the bathrooms remain in original condition with 1980s-style vanities and wallpaper. The kitchen has been refreshed with paint but retains older cabinetry and layout, and the exterior wood decking shows significant weathering consistent with its age.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Furnishings
The property is offered fully furnished, providing a seamless move-in experience or immediate short-term rental potential without the need for additional capital investment.
- High Guest Capacity
With four bedrooms, including an oversized bunk room and a dedicated lower-level game room, the layout is expertly optimized for hosting large groups and multi-family gatherings.
- Critical Infrastructure Upgrades
The recent addition of a Generac generator and fresh exterior paint provides essential reliability and protection against mountain elements, reducing immediate maintenance concerns.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2257, other record living area = 1736. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Rapid Price Appreciation
The listing price of $549,000 represents a significant jump from its $400,000 sale price in August 2024, which may lead to appraisal challenges or buyer scrutiny regarding market value.
- Original 1980s Construction
Built in 1985, the property may feature dated core systems or interior finishes that require modernization to meet the expectations of a 'luxury' mountain retreat.
About 31522 Cedarwood Drive
Luxury Mountain Retreat | Fully Furnished 4-Bedroom CabinEscape to your own private mountain retreat in this beautifully furnished four-bedroom, Three-bathroom cabin, thoughtfully designed for unforgettable family getaways and relaxing weekends in the mountains.The main level features a primary bedroom, while the upper level offers three additional bedrooms, including an impressive oversized bunk room with three bunk beds plus a single bed--perfect for hosting family and friends. The bunk room also features two sliding doors opening directly onto a private balcony, creating a wonderful indoor-outdoor experience.Enjoy the outdoors from four porches, a generous deck, and a covered patio area, all surrounded by large, mature trees that create a peaceful and private setting. The expansive outdoor spaces provide plenty of room for morning coffee, evening entertaining, or simply enjoying the mountain air.Downstairs, a large game room and additional bathroom create an ideal space for kids, entertaining, or gathering after a day of mountain adventures.Fully furnished and ready to enjoy, this exceptional cabin offers the perfect combination of comfort, space, and mountain charm--whether you're looking for a memorable family retreat, a weekend escape, or a place to gather with friends. Home has been recently Painted and had a Generac installed about 6 months ago.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 7,402 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
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.9 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,257 | 1,490.756 |
| Lot Size | 7,402 | 9,026.78 |
| Price | $499.0K | $393.2K |
| Price per sq ft | $221 | $271 |
| Built year | 1985 | 1979 |
| HOA | $0 | $208 |
| Days on market | 23 | 97 |
Pricing History
Listed for Sale
Oct 22, 2026
$499,000
$549,000
-9% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$549,000
Initial Listing
Sold
Aug 15, 2024
$400,000
Public Record