318 Old Toll Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 Old Toll Road Subject | $638,000* List Price | 3 | 3 | 1,575 | $339 | - |
A 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.3 mi |
B 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.1 mi |
C 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.3 mi |
D 296 Massive Road Sold | $520,000 | 3 | 2 | 1,370 | $380 | 0.2 mi |
E 735 Bishorn Drive Sold | $589,000 | 4 | 2 | 1,300 | $453 | 0.6 mi |
F 414 Grass Valley Sold | $500,000 | 3 | 2 | 1,459 | $343 | 0.4 mi |
G 27230 Peninsula Drive Active | $539,000 List Price | 3 | 2 | 1,716 | $314 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1575, other record living area = 1424.
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.
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.
Welcome to your ideal mountain escape with Lake Rights Property! Nestled in the serene, tree-lined canopy of Lake Arrowhead, this charming 1991-built, mountain home offers the perfect blend of alpine comfort and modern convenience. Featuring 3 spacious bedrooms and 2.5 bathrooms across a well-designed floor plan, the home welcomes you with an open, airy living space anchored by a cozy fireplace, which is perfect for those chilly mountain evenings. Large windows throughout invite natural light and frame beautiful, scenic tree top views. The main level seamlessly connects the living area, kitchen, and dining, making it ideal for entertaining family and guests. Retreat upstairs to the peaceful bedrooms, including a generous primary suite. Situated on an expansive 9,591 sq. ft. lot, there is plenty of outdoor space to enjoy the crisp mountain air and local wildlife. Complete with a rare and highly desirable 2-car parking space to keep your vehicles. Located in the coveted Arrowhead Woods community, you are just a short drive from Lake Arrowhead Village, dining, shopping, and outdoor recreation. The property includes Lake Rights. Whether you are looking for a full-time residence or a peaceful weekend getaway, this mountain gem is ready for its next.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades K-5 • 5.6 mi
Grades K-5 • 7.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,575 | 1,995.5 | 28% |
| Lot Size | 9,591 | 9,936.5 | 44% |
| Price | $638.0K | $667.5K | 48% |
| Price per sq ft | $405 | $344 | 69% |
| Built year | 1991 | 1978 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 216 | 1% |
Jun 12, 2026
$638,000
$639,000
+0% Price Increase
Initial Listing
Jun 3, 2026
$639,000
Initial Listing
Jan 15, 2019
$310,000
Public Record
Jan 24, 2000
$1,500
Public Record
Aug 19, 1999
$122,000
Public Record
Jul 22, 1997
$130,000
Public Record