388 Primrose Circle, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 6 bed, 5 bath

388 Primrose Circle, Lake Arrowhead, California 92352 home-pic-0

388 Primrose Circle

Lake Arrowhead, California 92352

ACTIVE
CONDITION: EXCELLENT
6Beds
5Baths
2,764Sq Ft
6,012Lot Size

Property Price

LIST PRICE$1,495,000
EST. MARKET VALUE
$1,546,139
3% BelowMARKET VALUE

SUMMARY

Analysis of 388 Primrose Circle, Lake Arrowhead, California 92352 reveals a Prime Investment Opportunity with a current list price of $1,495,000—significantly undercutting the $1,546,139 Fair Market Value by 3%. This valuation gap indicates a +$51,139 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

$1,546,139 +$51,139 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
388 Primrose Circle
Subject
$1,495,000*
List Price
652,764$559-
A
357 Mittry
Active
$1,750,000
List Price
553,017$5800.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This property was built in 2022, making it virtually brand new. The description highlights high-end finishes, including quartz countertops, European-style cabinetry, stainless steel appliances in the kitchen, and ceramic flooring, quartz countertops, and high-end fixtures in the bathrooms. Images confirm a modern, pristine condition with contemporary design, new appliances, stylish light fixtures, and new flooring throughout. All major systems, including dual A/C units and an EV charger, are new and meet current quality standards, indicating no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • New Construction & Modern Design

    Built in 2022, this property boasts contemporary design with high-end finishes, including quartz countertops, European cabinetry, and stainless steel appliances, offering a turn-key luxury experience.

  • Prime Lake Arrowhead Location

    Situated just two minutes from Lake Arrowhead Village and a short walk to the lake, coupled with valuable lake rights, enhancing recreational access and desirability.

  • Strong Income-Generating Potential

    Explicitly noted for its strong rental history and being sold fully furnished, making it an attractive, ready-to-operate investment property.

CONSRISKS & DEFICIENCIES

  • Modest Lot Size

    The 6,012 sqft lot is relatively small for a 6-bedroom luxury home, potentially limiting expansive outdoor private space beyond the decks.

  • Potential for High Operating Costs

    As a large, luxury mountain home with extensive amenities and designed for frequent use/rentals, it likely incurs higher utility, maintenance, and insurance expenses.

  • Limited Enclosed Parking

    While there's parking for four vehicles, only a one-car garage is available, which may be insufficient for protecting multiple vehicles from mountain weather or for extensive storage needs.

About 388 Primrose Circle

Meet Primrose Lodge! A luxury mountain getaway built in 2022 and designed with hosting in mind. Just two minutes from Lake Arrowhead Village and a short walk to the lake, this 6 bedroom, 5 bath home blends elevated comfort with laid back mountain living. One of the best parts? A level driveway, one car garage, and easy level entry straight into the main living space (no stairs needed). Inside, you’re welcomed by a spacious open layout with high end finishes throughout: quartz countertops, European style cabinetry, stainless steel appliances, a large kitchen island, and curated mountain inspired decor. The main level features a fully stocked gourmet kitchen, cozy living room with views of the pines, fireplace, dining area, expansive deck, and a primary suite. Downstairs offers just the right amount of extra space with a bonus living room, two guest bedrooms connected by a full bath, and another spacious deck with a fire pit, perfect for chilly mountain evenings. The bottom level includes an additional primary suite plus two more bedrooms with a shared full bath. All six bedrooms are thoughtfully furnished with comfort and ample closet space in mind. The bathrooms feature ceramic flooring, quartz countertops, high end fixtures, hardwood cabinetry, and luxury quality towels and toiletries. Primrose was made for entertaining, indoors and out. With two large decks, lounge seating, outdoor dining, fire pits, and a BBQ, it’s the ultimate mountain getaway. Other key highlights include two A/C units covering all three levels, dual laundry rooms, an EV charger, and parking for up to four vehicles. With lake rights, a strong rental history, an easy walk to the Village and lake, and being sold fully furnished, Primrose is ready for its next chapter. Whether that's a weekend getaway, full time escape, or income producing investment.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2022
Lot Size
6,012 Sq. Ft.

Interior

Total Bedrooms
6
Total Bathrooms
5 (5 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 • 1.8 mi

4/10

Charles Hoffman Elementary School

Grades K-5 • 6.1 mi

4/10

Valley Of Enchantment Elementary School

Grades K-5 • 6.8 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds6.03.0
98%
Baths5.03.0
93%
Square foot2,7641,979.5
79%
Lot Size6,0129,752
16%
Price$1.50M$680.0K
89%
Price per sq ft$541$342
88%
Built year20221977
98%
HOA$0$0
50%
Days on market82236
4%

Pricing History

Listed for Sale

Dec 15, 2025

$1,495,000

Initial Listing

Sold

Dec 28, 2018

$23,000

Public Record

Sold

Jul 24, 2008

$34,500

Public Record

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