329 Summit Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
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Lake Arrowhead, California 92352
This Vintage Lake-View Estate is a character-rich hybrid acquisition listed at $1,188,000, reflecting a stable price point at its $1,188,000 Fair Market Value. Currently holding a Fair Condition Rating, this 1947 "Old Arrowhead Charmer" features a Trex deck with panoramic lake views and includes a highly valuable active STR permit. With a main residence and a separate downstairs studio unit, the property offers significant income flexibility near Rim of the World schools. It is an ideal match for Lifestyle Investors or Owner-Occupants looking to offset costs with rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 329 Summit Road Subject | $1,188,000* List Price | 3 | 3 | 2,065 | $575 | - |
A 195 Cedar Sold | $890,000 | 5 | 3 | 1,546 | $576 | 0.2 mi |
B 319 Mittry Lane Active | $1,350,000 List Price | 2 | 3 | 1,954 | $691 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this property retains significant vintage character. While the listing mentions 'updated kitchen' and 'updated full baths,' the images suggest these renovations are more functional and cosmetic than modern, likely dating back 15-30 years. The main kitchen features older-style wood cabinets, a dated tile backsplash, and a mix of appliances. Bathrooms are clean and functional but have simple vanities and finishes. The extensive wood paneling and rustic elements contribute to its charm but are not contemporary. The property is move-in ready and well-maintained, but its age and the style of its updates mean it would benefit from more significant aesthetic and system modernizations to meet current standards, aligning with the 'Fair' category.
The property boasts breathtaking, long-distance lake views from a Trex deck, complemented by mountain and tree views, creating an ideal setting for relaxation and entertaining.
This 1947 'Old Arrowhead Charmer' retains significant original character while featuring updated full bathrooms and an updated kitchen, offering a blend of classic appeal and modern comfort.
A large downstairs studio unit with an updated kitchen, full bath, and separate entrance provides excellent potential for rental income or a private guest suite.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2065, other record living area = 1589.
While updated, the 1947 construction year suggests that some original systems or structural components may require future maintenance or upgrades beyond the noted cosmetic improvements.
The 5,150 sqft lot size is relatively modest for a single-family residence in a mountain/lake community, potentially limiting outdoor expansion or privacy compared to larger parcels.
This home is an original "Old Arrowhead Charmer, vintage 1947, with a breathtaking Lake-View! And, it's very rare to find a "charmer" with so much of the original vintage character preserved, throughout. Yet, there are upgrades & creature comforts combined with a true classic look to make your life a breeze. Featuring a trex deck with long distance lake views. It's the perfect place for gathering with friends and family. The main house offers three bedrooms and two updated full baths with a large living room with wood-burning rock fireplace, updated kitchen, & separate laundry. Then, there's an absolutely fabulous large downstairs studio unit with and updated kitchen and full bath. And, the unit has it's own separate entrance with French doors and a patio. The entire estate is offered nearly turn-key furnished. Located on a cozy & quiet "no-through traffic" street and just up the street from the Lake Arrowhead Village, the lake & one of the three private beach clubs. This property currently has a STR permit that eases the permit process for the new owner.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades K-5 • 6.2 mi
Grades K-5 • 6.7 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 | 2,065 | 1,964 | 56% |
| Lot Size | 5,150 | 9,805 | 14% |
| Price | $1.19M | $692.5K | 85% |
| Price per sq ft | $575 | $348 | 90% |
| Built year | 1947 | 1978 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 226 | 19% |
Dec 6, 2025
$1,188,000
Initial Listing
Feb 4, 2022
$1,035,000
Public Record
Apr 27, 2017
$550,000
Public Record
Feb 15, 2002
$205,000
Public Record