
Green Valley Lake, California 92341
This property presents a High-Potential Investment Opportunity with a List Price of $446,500—positioned well below the $469,103 Fair Market Value by 4%. This valuation gap offers $22,603 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic modernization. With a 10,000 sqft lot and Mountain/Tree views, it is a prime candidate for a high-capacity vacation rental. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with immediate upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33846 Green Valley Lake Subject 6 bd · 2 ba · 2,700 sqft · $174 | $446,500* List Price | 6 | 2 | 2,700 | $174 | - |
A 709 Ridge Active 6 bd · 3 ba · 2,234 sqft · $190 · 0.4 mi | $425,000 List Price | 6 | 3 | 2,234 | $190 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this property maintains historic charm but is significantly dated. While the electrical system has been upgraded, the interior features older wood paneling and blue carpeting throughout. The kitchen and bathrooms appear to be over 20 years old, placing it in the 'Fair' category as it requires cosmetic updates and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10000, living area = 1494.
Built in 1929, the home features a 100-year-old rock wall fireplace and antique hand-hewn beams, offering a unique vintage aesthetic that is highly sought after in mountain retreats.
The property includes a dedicated game room with full-sized arcade games and multiple outdoor balconies, making it a premier choice for a high-capacity vacation rental or family getaway.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10000, other record lot size in square feet = 7000. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
With six to seven bedrooms but only two bathrooms, the home may face logistical challenges for large groups, potentially requiring future renovations to improve the bed-to-bath ratio.
The 1,494 square foot interior is divided into many rooms, resulting in smaller individual living spaces that may feel cramped compared to modern open-concept designs.
This stunning Green Valley Lake home offers unmatched charm and beauty, making it an ideal choice for your next full-time residence or vacation home. With an expansive amount of living space, it provides ample room for relaxation and entertaining. The home features seven generously sized bedrooms, ensuring comfort for family and guests. Upon entering, you are welcomed by a 100-year-old rock wall fireplace that adds warmth and character to the informal dining area and kitchen, both located in the sunroom. The great room boasts a large, elegant fireplace, antique hand-hewn beams, and garden windows that flood the space with natural light, creating an inviting atmosphere perfect for gatherings. The main floor includes two bedrooms with French doors leading to a private backyard, connected by a Jack and Jill bathroom. On the second level, you'll find four oversized bedrooms, two of which open onto a spacious balcony. A common loft area sits in-between all rooms and serves as a tranquil retreat or cozy reading nook. The additional full bathroom has its own private balcony accessed through French doors. The third floor offers versatility for a creative work/office space or lounge area, combining functionality with aesthetic appeal. One standout feature is the dedicated game room, complete with full-sized arcade games, offering a fantastic space for entertaining family and friends. This home truly combines charm, functionality, and entertainment to create an exceptional living experience. Additional highlights include: easy access throughout the year, close proximity to GVL lake and town center, hiking and off-roading trails, plus upgraded electrical throughout the home and property.
No exterior & parking available.
Grades K-5 • 3.3 mi
Grades K-8 • 8.1 mi
Grades 6-8 • 8.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 2.0 | 2.1 |
| Square foot | 2,700 | 1,476.857 |
| Lot Size | 10,000 | 7,162.429 |
| Price | $446.5K | $394.0K |
| Price per sq ft | $165 | $303 |
| Built year | 1929 | 1971 |
| HOA | $0 | $0 |
| Days on market | 39 | 52 |
Oct 21, 2026
$446,500
$449,000
-1% Price Drop
Initial Listing
Oct 3, 2026
$449,000
$495,000
-9% Price Drop
Initial Listing
Sep 15, 2026
$495,000
Initial Listing
Oct 26, 2005
$290,000
Public Record