363 Castle Gate, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 2 bath
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363 Castle Gate
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
5Beds
2Baths
1,692Sq Ft
4,200Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$587,292
SUMMARY
This 5-bedroom mountain residence represents a High-Potential Investment Opportunity, listed at $589,000—positioned well above the $512,265 Fair Market Value by 14%. While the property carries a Condition Rating of 4, it offers significant value-add potential through modernization. Key features include rare flat parking, Lake Arrowhead lake rights, and a peek-a-boo lake view. Located within the Rim of the World School District, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to renovate a high-capacity vacation rental in a prime mountain destination.
Estimated Market Value
$587,292
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1962, the property is well-maintained but dated. The kitchen cabinetry and bathroom fixtures appear to be from a renovation older than 20 years. While the home is functional and move-in ready, it requires aesthetic updates and likely system modernizations to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Lake Rights & Prime Location
The property includes coveted Lake Arrowhead lake rights, providing exclusive access to private beaches and trails, and is situated just minutes from the dining and entertainment at Lake Arrowhead Village.
- Rare Flat Parking
A significant advantage in mountain terrain, the property offers flat parking for easy year-round access, which is a rare and highly sought-after feature in this community.
- High Occupancy Potential
With five bedrooms, this home provides ample space for large families or groups, making it an excellent candidate for a high-capacity vacation rental or a multi-generational retreat.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Ratio
With only two bathrooms serving five bedrooms, the home may experience logistical bottlenecks during peak usage by large groups or families.
- Vintage Infrastructure
Built in 1962, the property may require updates to its original systems and interior finishes to meet the expectations of modern buyers looking for contemporary mountain luxury.
About 363 Castle Gate
Experience the best of mountain living at 363 Castle Gate Rd, where comfort, convenience, and the coveted Lake Arrowhead lifestyle come together. This spacious 5 bedroom, 2 bathroom home offers plenty of room to gather with family and friends, making it an ideal full-time residence, weekend retreat, or vacation home. A rare feature in Lake Arrowhead, the property offers flat parking for easy year-round access and a peek-a-boo lake view. Enjoy the benefits of Lake Arrowhead lake rights, giving you access to the lake's private beaches, trails, and recreation. Just minutes from Lake Arrowhead Village, you'll be close to waterfront dining, boutique shopping, seasonal events, and everything that makes this mountain community so special. Whether you're relaxing after a day on the lake or entertaining guests, this home offers the perfect base for creating lasting memories in one of Southern California's most sought after mountain destinations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 4,200 Sq. Ft.
Interior
- Total Bedrooms
- 5
- 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 • 2.0 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 6.3 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 6.6 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,692 | 2,015.827 |
| Lot Size | 4,200 | 10,163.827 |
| Price | $589.0K | $655.9K |
| Price per sq ft | $348 | $341 |
| Built year | 1962 | 1980 |
| HOA | $0 | $544 |
| Days on market | 47 | 78 |
Pricing History
Listed for Sale
Jul 24, 2026
$589,000
Initial Listing
Sold
Dec 28, 1998
$135,000
Public Record
Sold
Jun 29, 1995
$155,000
Public Record