
Lake Arrowhead, California 92352
Analysis of 496 North State Highway 173, Lake Arrowhead, California 92352 is currently available with a list price of $4,999,000. 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.
Property is new construction or fully renovated.
Built in 2018, this property is less than 10 years old and in mint condition. It features a high-end chef's kitchen with a 60-inch Wolf range and quartzite countertops, modern smart home systems, and premium maintenance-free upgrades like a heated driveway and heated decks.
Positioned on deep, swimmable water in Emerald Bay, this estate features a private dock and a custom waterfront cabana, offering a rare and premium lakeside lifestyle.
Built in 2018, the home boasts high-end contemporary finishes, including a Wolf chef’s kitchen, heated driveways, and a fully integrated smart home system for effortless luxury living.
The property is an active, high-performing short-term rental with a documented track record, making it an attractive income-producing asset for luxury investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4400, other record living area = 3734.
With 128 days on market and multiple price reductions from the original $5.2M listing, the property is currently facing challenges in finding its market value equilibrium.
The local school district ratings range from 3 to 6, which may be a drawback for families prioritizing top-tier educational facilities for a primary residence.
Welcome to one of the most exceptional turnkey lakefront estates in Lake Arrowhead, perfectly positioned on deep, swimmable water in the exclusive enclave of Emerald Bay. This is where modern luxury, effortless mountain living, and true lakefront lifestyle come together in one unforgettable property. Located within Arrowhead Woods, Lake Arrowhead's highly sought after private lake rights community, this home offers rare access to one of Southern California's most prestigious and private lakes. From the moment you arrive, you are greeted by a heated driveway, setting the tone for comfort and ease year round. The oversized three car garage, along with a dedicated boat garage, provides ample space for all your mountain and lake essentials. The property comes with a private dock and a custom waterfront cabana, creating the ultimate lakeside experience just steps from your door. Inside, the home is both striking and inviting, with floating staircases, dramatic LED lighting, and expansive floor to ceiling glass doors that blur the line between indoor and outdoor living. The chef's kitchen is a true centerpiece, featuring a 60 inch Wolf range, quartzite countertops, Waterworks fixtures, and beautiful reclaimed North Carolina wood accents. Designed for both entertaining and everyday enjoyment, the home offers multiple levels of heated decks, a sleek linear fire pit, and a serene lakeside patio, all perfectly oriented to capture the beauty of the water. Unwind in the brand new jacuzzi, perfectly positioned to soak in sweeping lake views, the perfect spot to relax after a day on the water. A fully integrated smart home system allows you to control lighting, sound, and climate with ease. Down at the water's edge, your covered dock and custom cabana bar invite you to relax, entertain, and fully embrace lake life on some of the best, deepest water Lake Arrowhead has to offer. Beyond the lifestyle, this property is also an active, income producing vacation rental with a proven track record of strong short term rental performance, making it a rare opportunity to own not only a stunning personal retreat, but a high performing investment asset. Whether you are looking for a private escape, a place to gather for generations, or a luxury investment, this one of a kind lakefront estate delivers on every level. Opportunities like this in Arrowhead Woods are incredibly rare, this is lakefront living at its finest.
No exterior & parking available.
Grades PK-5 • 1.2 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.3 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,400 | 2,015.827 |
| Lot Size | 8,458 | 10,163.827 |
| Price | $5.00M | $655.9K |
| Price per sq ft | $1.1K | $341 |
| Built year | 2018 | 1980 |
| HOA | $0 | $544 |
| Days on market | 162 | 78 |
Jul 14, 2026
$4,999,000
$5,100,000
-2% Price Drop
Initial Listing
Jul 2, 2026
$5,100,000
$5,200,000
-2% Price Drop
Initial Listing
Mar 31, 2026
$5,200,000
Initial Listing
May 11, 2021
$3,700,000
Public Record
Mar 18, 2016
$699,000
Public Record
Jul 30, 2015
$699,000
Public Record