514 Emerald Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Designer-Remodeled Lakeview Residence is listed at $995,000, positioned relative to a $898,931 Fair Market Value to reflect its premium STR-approved sanctuary status and professional upgrades. Boasting a Condition Rating of 2, the home features high-end finishes by 'The Elevated Nest,' a modernized kitchen, and an expansive deck with a hot tub and sunset views. Situated in the Rim of the World School District just steps from the shore, it offers a turnkey transition with a proven rental history. This property is ideal for Short-Term Rental Investors or Owner-Occupants seeking a premium mountain lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 Emerald Drive Subject | $995,000* List Price | 3 | 2 | 1,776 | $525 | - |
A 230 Maple Sold | $840,000 | 3 | 3 | 1,635 | $514 | 0.6 mi |
B 28844 Cedar Drive Sold | $895,000 | 4 | 2 | 2,175 | $411 | 0.4 mi |
C 310 Bret Harte Active | $1,095,000 List Price | 5 | 4 | 1,659 | $660 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1959, this property has undergone an extensive professional renovation within the last 5 years by 'The Elevated Nest.' The kitchen is fully modernized with high-end stainless steel appliances (including a double-drawer dishwasher), shaker cabinetry, and premium countertops. The home features updated flooring throughout, contemporary light fixtures, a newly installed AC system, and well-maintained major components. The interior and exterior show no signs of deferred maintenance, making it a turnkey, high-quality residence.
Located just three houses away and a two-minute walk from the water, this property offers exceptional access to the lake life and shoreline.
The home is STR-approved with a successful 18-month rental history, providing a turnkey opportunity for investors seeking immediate income.
Professionally redesigned by The Elevated Nest, the interior features modern aesthetics and high-end finishes, complemented by a newly installed AC system.
Originally built in 1959, the property may have underlying structural or system age considerations that typically accompany older mountain homes despite recent renovations.
The 5,225 square foot lot is relatively compact, which may limit outdoor privacy and restrict future expansion or additional landscaping projects.
Local elementary schools carry lower performance ratings (3 and 4), which could be a drawback for buyers looking to establish a primary residence for a young family.
LAKEVIEW GEM Just a 2-minute walk from this Lakeview home brings you to the serene lake, perfect for enjoying lake life. This charming property features 3 bedrooms, 2 baths, a cozy living room with a fireplace, and an expansive deck ideal for outdoor BBQs and gatherings. The newly installed AC keeps you cool during hot summer days, while the hot tub is perfect for chilly nights. Relish in the breathtaking sunset views from the deck, living room, and kitchen. Designed & remodeled by The Elevated Nest, this STR-approved home boasts a successful short-term rental history over the last 18 months. This must-see property, only 3 houses away from the lake, is ready to be your next dream home! Note: The listing agent has 2 docks for sale within walking distance from the property.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,776 | 1,952.5 | 42% |
| Lot Size | 5,225 | 9,805 | 15% |
| Price | $995.0K | $692.5K | 80% |
| Price per sq ft | $560 | $348 | 90% |
| Built year | 1959 | 1978 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 630 | 229 | 98% |
Jul 31, 2024
$995,000
Initial Listing