
Lake Arrowhead, California 92352
This First-Tier Mountain Retreat is a High-Potential Investment Opportunity, listed at $1,330,000—positioned well below the $1,502,230 Fair Market Value by 11%. This valuation gap provides $172,230 in Instant Equity. While the property holds a Condition Rating of 4 due to dated interiors, it features a panoramic lake view and a turnkey lifestyle including a private dock and boat. With a Class A fire-rated roof and updated systems, it is a secure asset for Owner-Occupants seeking a value-add lifestyle or Vacation Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 373 John Muir Subject | $1,330,000* List Price | 3 | 2 | 1,588 | $916 | - |
A 28956 Palisades Drive Sold | $1,700,000 | 4 | 3 | 1,666 | $1,020 | 0.4 mi |
B 189 St Hwy 173 Active | $1,200,000 List Price | 5 | 2 | 1,952 | $615 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property features significant system upgrades including a newer roof, HVAC, and updated electrical/plumbing, the interior aesthetics—specifically the kitchen and baths—are heavily dated and appear to be over 30 years old. The home is well-maintained and functional, but requires cosmetic modernization to meet current market standards for an 'Excellent' or 'Good' rating.
Situated in the coveted Palisades area directly across from the lake, this property offers rare 'first-tier' proximity and highly desirable lake views.
The inclusion of a private dock with Trex decking and a 19’ Century bowrider boat provides an immediate, ready-to-use recreational experience that is rare at this price point.
The home features significant modern improvements including a Class 'A' fire-rated roof, updated electrical and plumbing, and a new sewer line, mitigating the risks typically associated with a 1930s build.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property only features a detached single-car garage, which may be insufficient for a home designed to sleep up to ten guests and host large gatherings.
With 1,588 square feet of living space, the interior may feel constrained when at maximum occupancy, reflecting the smaller architectural footprint of its 1938 origin.
Prime “first-tier” Lake Arrowhead location in the coveted Palisades area—directly across the street from the lake—this spacious two-story mountain retreat delivers the lifestyle buyers are chasing. Offering 3 bedrooms plus a loft that comfortably sleeps up to 10, the home blends classic mountain charm with meaningful upgrades. With approximately 1,588 sq ft of living space on a 6,050 sq ft corner lot, the property offers both usability and privacy. The interior features warm wood finishes, a functional kitchen, and flexible living spaces ideal for entertaining and hosting. System improvements include forced-air heating, updated electrical and plumbing components, and structural enhancements for long-term peace of mind. The lake lifestyle is fully dialed in here. Included is a private dock (slip #354) with Trex decking, canopy, and dock box—plus a 19’ Century bowrider boat—creating a true turnkey Lake Arrowhead experience. ? Additional highlights: • Class “A” fire-rated composite roof • Updated sewer line to street • Detached single-car garage • Security system with cameras and motion detection • Exterior lighting and reinforced entry security • Desirable corner lot with added accessibility This is the kind of first-tier Palisades offering that rarely comes together—location, dock, and usability—all in one package.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades K-5 • 6.1 mi
Grades K-5 • 7.3 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 | 39% |
| Square foot | 1,588 | 1,979.5 | 28% |
| Lot Size | 6,050 | 9,897 | 17% |
| Price | $1.33M | $667.5K | 88% |
| Price per sq ft | $838 | $344 | 96% |
| Built year | 1938 | 1978 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 216 | 1% |
May 1, 2026
$1,330,000
Initial Listing