329 Grass Valley Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Value-Add Mountain Asset represents a High-Potential Investment Opportunity with a List Price of $525,000—matching its $525,000 Fair Market Value. The 1,891 sqft residence, currently holding a Condition Rating of 4, features original 1978 finishes that offer substantial upside for forced appreciation via cosmetic modernization. Key assets include coveted Lake Rights, a 2-car garage, and rare RV/Boat parking with dual access. Located in the Rim of the World district with serene forest views, this is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 329 Grass Valley Road Subject | $510,000* List Price | 3 | 2 | 1,891 | $270 | - |
A 677 Rhine Road Sold | $550,000 | 3 | 2 | 1,965 | $280 | 0.5 mi |
B 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.1 mi |
C 414 Grass Valley Sold | $500,000 | 3 | 2 | 1,459 | $343 | 0.1 mi |
D 27486 Oakwood Sold | $495,000 | 4 | 3 | 1,725 | $287 | 0.6 mi |
E 325 Brentwood Sold | $595,000 | 3 | 3 | 2,290 | $260 | 0.6 mi |
F 27121 Peninsula Drive Sold | $380,000 | 3 | 2 | 1,452 | $262 | 0.4 mi |
G 26822 Huron Active | $599,000 List Price | 3 | 4 | 1,852 | $323 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978 and offered by the original owner, the home is well-maintained but remains largely in its original state. The kitchen features dated oak cabinetry, tile countertops with wide grout lines, and a fluorescent light box, while the living areas contain older wall-to-wall carpeting and dated wallpaper. While the property appears functional and structurally sound, it requires significant cosmetic modernization and system updates to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10450, living area = 1891.
Located in the prestigious Arrowhead Woods subdivision, this property includes coveted lake rights, providing exclusive access to private lake amenities and recreational activities.
The property features a 2-car garage, a dedicated parking space, and a private rear dirt driveway, offering rare and extensive space for RVs, boats, and multiple vehicles.
Built in 1978 and offered by the original owner, the home likely requires significant cosmetic updates and modernization to meet contemporary buyer expectations.
The property has undergone multiple price reductions since June 2024, which may indicate previous difficulty in attracting buyers or underlying maintenance needs.
The assigned elementary schools carry lower performance ratings (3 and 4), which could be a drawback for families prioritizing top-tier educational facilities.
Built in 1978 by the seller, this property hit the market for the first time. The home boasts a high ceiling in the living room, complete with a cozy fireplace that invites you to unwind. A large glass window in the living area provides a serene view of the surrounding trees, bringing nature into the living space. The main level features a well-appointed kitchen, a dining area perfect for family meals, and the master bedroom, ensuring convenience and comfort. Upstairs, the property includes two spacious bedrooms and a bath, offering plenty of space for family or guests. The lower level features a welcoming family room with a second fireplace, ideal for gatherings, game nights, or simply relaxing with loved ones. Outside, the property includes a dedicated parking space next to Grass Valley Road and a driveway leading to a 2-car garage, providing ample parking options. The spacious backyard is a haven for outdoor enthusiasts, featuring a patio and additional seating areas under the trees, perfect for barbecues, outdoor dining, or simply enjoying the fresh mountain air. With dual access, there is a private dirt driveway behind the property, offering extra parking for cars, RVs, or boats. Minutes from the Lake Arrowhead Country Club and Arrowhead Ridge, the home provides easy access to a range of recreational activities. It is also just a few minutes from the lake, where residents can enjoy the beautiful scenery, boating, fishing, or simply relax by the water. This property is a rare find, combining a prime location with lake rights, making it a highly desirable option for potential buyers seeking a tranquil mountain lifestyle.
No exterior & parking available.
Grades PK-5 • 2.4 mi
Grades K-5 • 5.3 mi
Grades K-5 • 7.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,891 | 1,952.5 | 47% |
| Lot Size | 10,450 | 9,857 | 63% |
| Price | $510.0K | $690.0K | 28% |
| Price per sq ft | $270 | $346 | 15% |
| Built year | 1978 | 1978 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 673 | 229 | 99% |
Mar 30, 2026
$510,000
$525,000
-3% Price Drop
Initial Listing
Mar 8, 2026
$525,000
$550,000
-5% Price Drop
Initial Listing
Jan 21, 2026
$550,000
$575,000
-4% Price Drop
Initial Listing
Dec 11, 2025
$575,000
$595,000
-3% Price Drop
Initial Listing
Nov 9, 2025
$595,000
$610,000
-2% Price Drop
Initial Listing
Oct 15, 2025
$610,000
Initial Listing
Jun 18, 2024
$725,000
Initial Listing