521 Grass Valley Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 2 bed, 2 bath
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Lake Arrowhead, California 92352
This Move-In Ready Mountain Retreat is a High-Potential Investment Opportunity, listed at $459,000—positioned well below the $473,440 Fair Market Value by 3%. This valuation gap offers $14,440 in Instant Equity. Featuring a Condition Rating of 3, the home includes an upgraded kitchen, new deck, and Lake Rights. Its versatile three-story layout and proximity to Rim of the World High School make it an ideal choice for Buy-and-Hold Investors or Owner-Occupants seeking a tranquil, well-maintained mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 Grass Valley Road Subject | $459,000* List Price | 2 | 2 | 1,558 | $304 | - |
A 1289 Aleutian Sold | $442,000 | 2 | 2 | 1,472 | $300 | 1.0 mi |
B 27300 Bernina Sold | $435,000 | 3 | 2 | 1,422 | $306 | 0.5 mi |
C 1076 Grass Valley Road Sold | $540,000 | 3 | 2 | 1,656 | $326 | 0.7 mi |
D 26669 Modoc Lane Sold | $550,000 | 3 | 2 | 1,760 | $313 | 0.5 mi |
E 27255 Bernina Sold | $545,000 | 3 | 3 | 1,638 | $333 | 0.4 mi |
F 307 Pioneer Road Sold | $475,000 | 3 | 2 | 1,406 | $338 | 0.3 mi |
G 172 N Fairway Sold | $549,000 | 3 | 3 | 1,704 | $322 | 0.9 mi |
H 1164 Klondike Sold | $565,000 | 3 | 4 | 1,666 | $339 | 0.8 mi |
I 807 Grass Valley Active Under Contract | $419,000 List Price | 2 | 2 | 1,328 | $316 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1966, the property has undergone significant recent renovations including an upgraded kitchen with modern cabinetry and butcher block counters, updated bathrooms, and a new deck. Systems appear functional with a newer wood-burning stove and well-maintained HVAC ducting, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7700, living area = 1558.
Situated in the desirable Arrowhead Woods with coveted Lake Rights, this property offers exclusive access to private lake amenities and is conveniently located just seven minutes from Lake Arrowhead Village.
The home features a flexible floor plan including a private first-floor guest retreat and a spacious third-floor loft with high ceilings and wood beams, ideal for a third bedroom, home office, or media room.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7700, other record lot size in square feet = 9420.
The three-story configuration necessitates frequent stair usage to transition between the kitchen, bedrooms, and guest areas, which may be a drawback for buyers with mobility concerns.
While the kitchen and bathrooms are upgraded, the 1966 construction may present typical age-related maintenance requirements for older mountain homes regarding insulation or original utility systems.
Discover the epitome of mountain living at 521 Grass Valley Rd, nestled in the serene beauty of Lake Arrowhead, CA 92352! This charming three-story property offers a perfect blend of comfort and sophistication, featuring 2 bedrooms, 2 bathrooms, and 1558 sqft of living space on a spacious 7700 sqft lot, providing a tranquil escape in the heart of nature. This property comes with Lake rights. As you enter the home, you'll be greeted by a thoughtfully designed layout that caters to modern living. The 1st floor, elevated above street level, features laminated flooring and a spacious room with a full bathroom, offering a private retreat for guests or as a cozy sanctuary. A convenient tool room/storage space with laundry hookups adds practicality to daily living. On the 2nd floor, the heart of the home unfolds with an inviting open-concept kitchen that seamlessly transitions into the living room. The kitchen showcases stylish wood countertops, ample cabinets for storage, and elegant engineered wood flooring, creating a warm and inviting space for gatherings. Two bedrooms and a full bathroom on this level provide comfortable living quarters for you and your family. Ascend to the carpeted 3rd floor, where a large open space awaits, offering the potential to be converted into an additional bedroom or a versatile living area or a office space. Wood beams and high ceilings add character and charm to this space, creating a cozy atmosphere. Newly installed wood burning stove for heating, floor-to-ceiling windows at the front of the house, and an upgraded kitchen and bathrooms enhance the appeal of this home. Step outside to enjoy the newly updated deck that wraps along the front and one side of the house, providing the perfect spot to relax and soak in the natural surroundings. Conveniently located close to Lake Arrowhead Village, this property offers easy access to shopping, dining, and entertainment options, just a seven-minute drive away. With a concrete driveway off Grass Valley Road and an access road behind the house for near-level entry, this home combines convenience with mountain living. Don't miss the opportunity to make this exceptional property yours. Experience the beauty of Lake Arrowhead at 521 Grass Valley Rd. Schedule a showing today and envision the limitless possibilities this home has to offer! Contact us for more information and to schedule a private tour on ShowingTime. Your mountain retreat awaits!
No exterior & parking available.
Grades PK-5 • 2.3 mi
Grades K-5 • 5.3 mi
Grades K-5 • 8.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,558 | 2,126 |
| Lot Size | 7,700 | 9,850 |
| Price | $459.0K | $669.1K |
| Price per sq ft | $295 | $346 |
| Built year | 1966 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 2 | 92 |
Jul 20, 2026
$459,000
Initial Listing
Jul 1, 2022
$550,000
Public Record
Oct 17, 2002
$135,000
Public Record