
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 | $700,000* List Price | 4 | 3 | 2,664 | $275 | - |
A 212 N Fairway Drive Sold | $595,000 | 4 | 3 | 2,900 | $205 | 0.5 mi |
B 641 Golf Course Road Sold | $845,000 | 4 | 3 | 2,828 | $299 | 0.3 mi |
C 1034 Teakwood Sold | $883,000 | 4 | 3 | 2,754 | $321 | 0.9 mi |
D 27312 Pinewood Sold | $875,000 | 4 | 4 | 3,004 | $291 | 1.0 mi |
E 26335 Walnut Hills Drive Sold | $855,000 | 4 | 3 | 2,775 | $308 | 0.7 mi |
F 892 Nadelhorn Drive Sold | $820,000 | 3 | 3 | 2,588 | $317 | 0.9 mi |
G 26855 Inyo Court Sold | $699,000 | 3 | 3 | 2,268 | $308 | 0.6 mi |
H 116 Fairway Drive Sold | $734,000 | 4 | 3 | 2,598 | $283 | 0.5 mi |
I 615 San Benito Pending | $637,500 List Price | 3 | 3 | 2,487 | $256 | 0.2 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.
Tucked away in the pines near the Lake Arrowhead Golf Course, this spacious mountain retreat offers the perfect blend of classic charm and incredible potential. Built in 1991 and meticulously preserved, with real oak wood flooring, copper plumbing and recessed lighting. The home features four bedrooms, two and a half baths, and those coveted Lake Rights that make mountain living truly complete. Whether you're dreaming of a full-time residence or a weekend getaway, this property provides a generous canvas to create a lifestyle tailored entirely to you, all while being just a short drive from the shopping and dining at Lake Arrowhead Village. Step inside to a bright, airy living room where high ceilings and a cozy fireplace set a welcoming tone. The main level flows effortlessly into a dining area and a large kitchen that opens to a comfortable den, complete with a second fireplace and a balcony overlooking the expansive, flat backyard. A versatile bonus room and powder room on this floor add to the home’s thoughtful layout. Upstairs, an oversized loft with pitched ceilings overlooks the living area below, offering a dramatic sense of space. The primary suite serves as a private escape, featuring its own balcony and a bathroom with double sinks, a soaking tub, and a separate shower. The lower level provides three additional bedrooms and a full bathroom, along with a dedicated laundry room. Two of these bedrooms offer direct access to a balcony facing the rear yard, perfect for enjoying the crisp mountain air. Easy street-level entrance (no steep access roads here!), two-car garage with direct interior access, and additional off-street parking.
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 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,664 | 2,015.827 |
| Lot Size | 8,815 | 10,163.827 |
| Price | $700.0K | $655.9K |
| Price per sq ft | $263 | $341 |
| Built year | 1991 | 1980 |
| HOA | $0 | $544 |
| Days on market | 11 | 78 |
Aug 29, 2026
$700,000
Initial Listing