514 Emerald Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
514 Emerald Drive
Lake Arrowhead, California 92352
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
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 | $506 | - |
A 28844 Cedar Drive Sold | $895,000 | 4 | 2 | 2,175 | $411 | 0.4 mi |
B 243 Manzanita Drive Sold | $999,999 | 4 | 3 | 2,180 | $459 | 0.6 mi |
C 28737 Palisades Drive Active | $999,000 List Price | 4 | 3 | 1,627 | $614 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lake Proximity
Located just three houses away and a two-minute walk from the water, this property offers exceptional access to the lake life and shoreline.
- Proven Investment Potential
The home is STR-approved with a successful 18-month rental history, providing a turnkey opportunity for investors seeking immediate income.
- Designer Remodel
Professionally redesigned by The Elevated Nest, the interior features modern aesthetics and high-end finishes, complemented by a newly installed AC system.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Originally built in 1959, the property may have underlying structural or system age considerations that typically accompany older mountain homes despite recent renovations.
- Limited Lot Size
The 5,225 square foot lot is relatively compact, which may limit outdoor privacy and restrict future expansion or additional landscaping projects.
- Modest School Ratings
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.
About 514 Emerald Drive
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 5,225 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 • 1.2 mi
Charles Hoffman Elementary School
Grades K-5 • 5.8 mi
Valley Of Enchantment Elementary School
Grades K-5 • 7.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,776 | 1,971 | 40% |
| Lot Size | 5,225 | 9,752 | 14% |
| Price | $995.0K | $680.0K | 80% |
| Price per sq ft | $560 | $342 | 88% |
| Built year | 1959 | 1977 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 584 | 238 | 98% |
Pricing History
Listed for Sale
Jul 31, 2024
$995,000
Initial Listing