
Lake Arrowhead, California 92352
This Spacious Mountain Retreat is a Strong Value Opportunity, listed at $700,000—positioned well below the $732,389 Fair Market Value by 4%. This valuation gap offers $32,389 in Instant Equity for the buyer. Featuring Coveted Lake Rights, a flat backyard, and a 4-bedroom layout, the home maintains a Fair Condition Rating with original 1991 finishes. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through cosmetic modernization in a prime Lake Arrowhead location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 499 Bel Air Drive Subject 4 bd · 3 ba · 2,664 sqft · $268 | $700,000* List Price | 4 | 3 | 2,664 | $268 | - |
A 615 San Benito Sold 3 bd · 3 ba · 2,487 sqft · $229 · 0.2 mi | $570,000 | 3 | 3 | 2,487 | $229 | 0.2 mi |
B 212 N Fairway Drive Sold 4 bd · 3 ba · 2,900 sqft · $205 · 0.5 mi | $595,000 | 4 | 3 | 2,900 | $205 | 0.5 mi |
C 641 Golf Course Road Sold 4 bd · 3 ba · 2,828 sqft · $299 · 0.3 mi | $845,000 | 4 | 3 | 2,828 | $299 | 0.3 mi |
D 1034 Teakwood Sold 4 bd · 3 ba · 2,754 sqft · $321 · 0.9 mi | $883,000 | 4 | 3 | 2,754 | $321 | 0.9 mi |
E 27312 Pinewood Sold 4 bd · 4 ba · 3,004 sqft · $291 · 1.0 mi | $875,000 | 4 | 4 | 3,004 | $291 | 1.0 mi |
F 755 Grass Valley Sold 4 bd · 4 ba · 2,842 sqft · $221 · 0.5 mi | $628,000 | 4 | 4 | 2,842 | $221 | 0.5 mi |
G 26855 Inyo Court Sold 3 bd · 3 ba · 2,268 sqft · $308 · 0.6 mi | $699,000 | 3 | 3 | 2,268 | $308 | 0.6 mi |
H 892 Nadelhorn Drive Sold 3 bd · 3 ba · 2,588 sqft · $317 · 0.9 mi | $820,000 | 3 | 3 | 2,588 | $317 | 0.9 mi |
I 473 Annandale Drive Active 3 bd · 3 ba · 2,434 sqft · $327 · 0.1 mi | $795,000 List Price | 3 | 3 | 2,434 | $327 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 and appears to be in original condition. While the home is well-maintained and 'meticulously preserved' with quality oak flooring and copper plumbing, the kitchen and bathrooms feature dated 30-plus-year-old finishes, including oak cabinetry and tile countertops, which fall under the Fair category for needing modern updates.
The property includes highly sought-after Lake Rights in Arrowhead Woods, providing exclusive access to private lake amenities and recreational activities that significantly enhance property value.
Features a rare flat backyard and easy street-level entry with no steep access roads, offering a significant advantage for mountain living and year-round convenience.
With 2,664 sqft of living space, the home offers a functional floor plan including a primary suite with a private balcony, an oversized loft, and a bonus room, ideal for large families or hosting guests.
Built in 1991 and described as 'meticulously preserved,' the interior may require cosmetic updates to meet the aesthetic preferences of buyers seeking a contemporary mountain modern style.
The local elementary schools carry lower performance ratings (3 and 4), which may be a consideration for families prioritizing top-tier educational districts.
*Prime location near Lake Arrowhead Golf Course * Lake Rights * Flat backyard * Street-level entry * Two-car garage * Hardwood flooring * Two fireplaces * Balconies * High ceilings * Oversized loft * Full-time living or Vacation home* Built in 1991, this 4-bedroom, 2.5-bath mountain home offers three levels of living space and an exceptional opportunity for buyers looking to renovate, update, and create their own Lake Arrowhead retreat. The home is largely original and needs significant updating, but offers desirable features including real oak hardwood flooring, copper plumbing, recessed lighting, two fireplaces, multiple balconies, and a two-car garage. The bright living room features high ceilings and a cozy fireplace, while the main level includes a dining area, spacious kitchen, comfortable den with a second fireplace, bonus room, powder room, and balcony overlooking the expansive, flat backyard. Upstairs, a dramatic oversized loft with pitched ceilings overlooks the living area below. The primary suite features a private balcony, double sinks, soaking tub, and separate shower. The lower level offers three additional bedrooms, a full bathroom, dedicated laundry room, and access to another balcony from two of the bedrooms. Easy street-level entry with no steep access road, direct interior access from the two-car garage, and additional off-street parking add to the home's everyday convenience. Located just a short drive from Lake Arrowhead Village, shopping, dining, recreation, and the lake. With Lake Rights, a generous floor plan, desirable golf course-area location, and plenty of potential, this is an ideal opportunity to update and personalize a mountain home for full-time living or a weekend retreat.
No exterior & parking available.
Grades PK-5 • 2.7 mi
Grades K-5 • 4.8 mi
Grades K-5 • 8.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,664 | 1,979.061 |
| Lot Size | 8,815 | 10,277.399 |
| Price | $700.0K | $643.6K |
| Price per sq ft | $263 | $338 |
| Built year | 1991 | 1978 |
| HOA | $0 | $614 |
| Days on market | 56 | 91 |
Aug 29, 2026
$700,000
Initial Listing