362 Heliotrope, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 4 bed, 2 bath
362 Heliotrope
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 362 Heliotrope, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $649,000—significantly undercutting the $686,907 Fair Market Value by 5%. This valuation gap indicates a +$37,907 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 362 Heliotrope Subject | $649,000* List Price | 4 | 2 | 1,833 | $375 | - |
A 235 Bret Harte Road Sold | $668,000 | 4 | 2 | 2,106 | $317 | 0.2 mi |
B 248 Hemlock Drive Sold | $585,000 | 4 | 2 | 1,723 | $340 | 0.2 mi |
C 345 Maple Drive Sold | $675,000 | 4 | 2 | 1,481 | $456 | 0.1 mi |
D 381 Maple Drive Sold | $507,500 | 2 | 2 | 1,168 | $435 | 0.1 mi |
E 118 E Lane Sold | $587,200 | 3 | 2 | 1,372 | $428 | 0.5 mi |
F 561 Dover Court Active | $475,000 List Price | 4 | 3 | 1,862 | $255 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1968, the property has undergone a beautiful and extensive recent remodel, including new windows, flooring, kitchen, and baths. The kitchen features modern white shaker cabinets, granite countertops, a farmhouse sink, and new white appliances. Bathrooms are also fully updated with contemporary vanities, tiling, and fixtures. All components appear new or virtually new, reflecting current quality standards with no visible deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive Modern Renovation
The property has undergone a thoughtful and extensive remodel, including new windows, flooring, kitchen, and baths, offering modern comfort within a charming mountain aesthetic.
- Premium Lake Arrowhead Location
Situated in the highly sought-after Palisades neighborhood, offering easy access to Lake Arrowhead Village, dining, shopping, and the vast recreational opportunities of the San Bernardino National Forest.
- Valuable Lake Rights
Includes coveted Lake Rights, providing exclusive access to Lake Arrowhead, a significant and highly desirable amenity for residents.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-04-10. The sold price is $600,000.00.
- Original Construction Age
Despite extensive remodels, the home's original construction year of 1968 may raise questions for some buyers regarding underlying infrastructure or long-term maintenance considerations.
- Compact Lot Size
The 4,800 sqft lot is relatively modest, potentially limiting expansive outdoor living areas or privacy compared to other mountain properties.
About 362 Heliotrope
Welcome to 362 Heliotrope Drive, a beautifully remodeled lake home in the highly sought-after Palisades neighborhood of Lake Arrowhead. Thoughtfully updated with new windows, flooring, kitchen, and baths, this home blends modern comfort with mountain charm. The spacious living room, anchored by a cozy fireplace, flows seamlessly into the generous, updated kitchen, creating an ideal space for relaxing and entertaining. An indoor laundry area adds everyday convenience. With four well-sized bedrooms with huge closets, there is ample flexibility for a spacious living space, guests, or a home office. There is STR potential too. The main level primary suite features an en-suite bathroom for added privacy and comfort. Warm wood accents and stylish furniture—included with the property—enhance the home’s inviting character. Outside, the patio is perfect for al fresco dining, barbecues, or simply enjoying the serene surroundings. Practical features include plentiful off-street parking, a carport, additional storage, air conditioning, and updated plumbing. Just a short stroll away, Lake Arrowhead Village offers restaurants, shops, and live music. Outdoor enthusiasts will appreciate nearby Lake Arrowhead, as well as the San Bernardino National Forest with its extensive hiking and recreational opportunities. All this and lake rights!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 4,800 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 1.2 mi
Charles Hoffman Elementary School
Grades K-5 • 6.0 mi
Valley Of Enchantment Elementary School
Grades K-5 • 7.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,833 | 1,971 | 44% |
| Lot Size | 4,800 | 9,752 | 11% |
| Price | $649.0K | $677.5K | 45% |
| Price per sq ft | $354 | $342 | 53% |
| Built year | 1968 | 1977 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 236 | 1% |
Pricing History
Listed for Sale
Jan 24, 2026
$649,000
Initial Listing
Sold
Apr 10, 2025
$600,000
Public Record
Sold
Dec 29, 2021
$644,500
Public Record
Sold
Dec 16, 2020
$525,000
Public Record
Sold
Jun 17, 2020
$360,000
Public Record
Sold
Jun 21, 2013
$215,000
Public Record
Sold
Feb 22, 2013
$142,000
Public Record