318 Old Toll Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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318 Old Toll Road
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,575Sq Ft
9,591Lot Size
Property Price
LIST PRICE$620,000
EST. MARKET VALUE
$561,945
10% AboveMARKET VALUE
SUMMARY
This Mountain Residential Asset is a High-Potential Investment Opportunity, listed at $638,000—positioned well below the $534,541 Fair Market Value by -19%. While the property requires cosmetic updates given its Fair Condition Rating, the expansive 9,591 sq. ft. lot and Coveted Lake Rights provide significant long-term value. The home features a functional 1,575 sq. ft. layout with Scenic Tree Top Views and a 2-Car Parking Space, making it a versatile choice for Buy-and-Hold Investors or Owner-Occupants seeking a mountain getaway with renovation upside.
Estimated Market Value
$561,945
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 Old Toll Road Subject | $620,000* List Price | 3 | 3 | 1,575 | $357 | - |
A 27390 Oakwood Sold | $434,000 | 3 | 2 | 1,206 | $360 | 0.1 mi |
B 544 Old Toll Sold | $595,000 | 4 | 3 | 1,690 | $352 | 0.3 mi |
C 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.1 mi |
D 260 Burnt Mill Sold | $614,000 | 4 | 3 | 1,640 | $374 | 0.7 mi |
E 846 Golf Course Sold | $767,000 | 3 | 3 | 1,989 | $386 | 0.8 mi |
F 27300 Bernina Sold | $435,000 | 3 | 2 | 1,422 | $306 | 0.6 mi |
G 305 Summit Road Sold | $535,000 | 3 | 2 | 1,389 | $385 | 0.8 mi |
H 807 Grass Valley Sold | $434,000 | 2 | 2 | 1,328 | $327 | 0.7 mi |
I 27302 Pinewood Pending | $529,000 List Price | 3 | 3 | 1,670 | $317 | 0.2 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 1991, this 33-year-old property is over the 20-year threshold for 'Fair' condition. The kitchen and bathrooms feature original oak cabinetry and dated tile work. While the home appears well-maintained and functional, the interior finishes are significantly dated and the exterior wood decking shows visible weathering and wear, indicating a need for minor repairs and aesthetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9591, living area = 1575.
- Coveted Lake Rights
As a Lake Rights property in the Arrowhead Woods community, owners gain exclusive access to private lake amenities, beaches, and trails, significantly boosting long-term value and lifestyle appeal.
- Expansive Lot and Scenic Setting
The property sits on a generous 9,591 sq. ft. lot within a serene tree-lined canopy, offering rare privacy and beautiful treetop views that epitomize the mountain living experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1575, other record living area = 1424.
- Average School Ratings
The local elementary schools carry lower performance ratings (3-4), which may be a consideration for families prioritizing top-tier educational districts for their children.
- Potential for Modernization
Built in 1991 and maintaining its original 'alpine comfort' charm, the home may require cosmetic updates or appliance upgrades to meet the expectations of modern luxury buyers.
About 318 Old Toll Road
Welcome to this charming Lake Arrowhead mountain retreat, where alpine comfort meets the beauty of nature. Property comes with "Lake Rights", this 3-bedroom, 2.5-bath home offers a comfortable layout, peaceful setting, and the mountain lifestyle you've been looking for. Built in 1991, the home features an inviting living area with a cozy fireplace, large windows that bring in plenty of natural light, and tree-top views that create a true sense of privacy. The main level offers an easy flow between the living room, kitchen, and dining area, making it comfortable for both everyday living and entertaining. Upstairs, you'll find spacious bedrooms, including a generous primary suite. The expansive **9,591 sq. ft. lot** provides plenty of room to enjoy the crisp mountain air, surrounding trees, and local wildlife. A rare "2-car parking spaces adds valuable convenience. With Lake Arrowhead Village, restaurants, shopping, and outdoor recreation just a short drive away, this property offers an ideal opportunity for a weekend getaway, full-time mountain home, or investment retreat. Come experience the peaceful mountain lifestyle and see what makes this property special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 9,591 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 2.1 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.6 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 7.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,575 | 2,015.827 |
| Lot Size | 9,591 | 10,163.827 |
| Price | $620.0K | $655.9K |
| Price per sq ft | $394 | $341 |
| Built year | 1991 | 1980 |
| HOA | $0 | $544 |
| Days on market | 98 | 78 |
Pricing History
Listed for Sale
Sep 1, 2026
$620,000
$624,000
-1% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$624,000
$625,000
+0% Price Increase
Initial Listing
Price Change
Aug 13, 2026
$625,000
$632,000
-1% Price Drop
Initial Listing
Price Change
Aug 8, 2026
$632,000
$630,000
+0% Price Increase
Initial Listing
Price Change
Jul 29, 2026
$630,000
$634,000
-1% Price Drop
Initial Listing
Price Change
Jul 12, 2026
$634,000
$638,000
-1% Price Drop
Initial Listing
Price Change
Jun 12, 2026
$638,000
$639,000
+0% Price Increase
Initial Listing
Price Change
Jun 3, 2026
$639,000
Initial Listing
Sold
Jan 15, 2019
$310,000
Public Record
Sold
Jan 24, 2000
$1,500
Public Record
Sold
Aug 19, 1999
$122,000
Public Record
Sold
Jul 22, 1997
$130,000
Public Record