
Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $383,143 Fair Market Value by -4%. Featuring a Condition Rating of 4, this 1940s Alpine Chalet requires modernization, yet offers significant upside through its Prime Location near Lake Arrowhead Village and the rare availability of a Single Slip Dock (S191). With a Mountain View and Wrap-around Deck, this asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in a high-demand recreational market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 320 Flower Drive Subject | $400,000* List Price | 3 | 2 | 1,420 | $270 | - |
A 707 Virginia Court Sold | $375,000 | 3 | 2 | 1,320 | $284 | 0.5 mi |
B 717 Oakmont Sold | $419,000 | 4 | 3 | 1,680 | $249 | 0.5 mi |
C 579 E Victoria Court Sold | $380,000 | 3 | 2 | 1,331 | $285 | 0.3 mi |
D 28349 Larchmont Sold | $350,000 | 2 | 2 | 975 | $359 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940, this property is significantly dated despite a partial kitchen refresh featuring granite countertops and a farmhouse sink. The bathrooms, windows, and flooring show their age, and the listing's call for 'imagination and tools' indicates that while functional, the home requires various repairs and modernization of older systems to meet current standards.
Situated in the prestigious Arrowhead Woods neighborhood, the property is within walking distance to Lake Arrowhead Village, offering convenient access to premium shopping, dining, and entertainment.
The rare opportunity to purchase a highly sought-after single slip dock (S191) in Village Cove separately adds significant value and utility for lake-access enthusiasts.
This 1940s chalet features authentic rustic elegance with wood walls, multiple fireplaces, and a wrap-around deck, balanced by a modern updated kitchen with granite countertops.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1420, other record living area = 1372. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is marketed as a project requiring 'imagination and tools,' suggesting that significant additional investment may be needed for repairs and modernization.
The sloped nature of the forested lot may limit usable flat outdoor space and could present difficulties for landscaping or future structural expansions.
Not just a home but also an opportunity to purchase a highly sought after single slip dock S191 in Village Cove listed and sold separately. After 27 years of ownership, this property has been cleared for you to create a mountain retreat. Drapped in rustic elegance with wood walls creating a cozy atmosphere. The main floor is the primary living area set with an updated kitchen with granite countertops, apron front farmhouse sink and quaint breakfast nook, living room with built in bookcase, dining room, bedroom and full bathroom. The second story offers a flex space/loft, a bedroom and secondary half bath. A few steps up you will find the primary bedroom with a sliding glass door leading to its own private deck. There are two fireplaces one located in the primary bedroom and the other is on the main floor in the dining room and also a cast-iron Franklin stove in the living room. Space for parking of up to 3 vehicles. The main level includes a wrap around deck. The home offers 1,420 square feet of living space spread across a multi-story layout. A short distance walk to the Lake Arrowhead Village. Situated in the Arrowhead Woods neighborhood on a 5,625 square foot sloped forested lot featuring mature mountain scenery is this classic Alpine Chalet built in 1940. Bring your imagination and tools to create your very own mountain escape.
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades K-5 • 6.1 mi
Grades K-5 • 6.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,420 | 2,015.827 |
| Lot Size | 5,625 | 10,163.827 |
| Price | $400.0K | $655.9K |
| Price per sq ft | $282 | $341 |
| Built year | 1940 | 1980 |
| HOA | $0 | $544 |
| Days on market | 26 | 78 |
Aug 14, 2026
$400,000
Initial Listing
Jul 12, 1999
$89,500
Public Record