
Lake Arrowhead, California 92352
This Mountain Retreat represents a Strong Value Opportunity, listed at $587,000—positioned slightly above the $576,125 Fair Market Value. While the property requires cosmetic updates to improve its Condition Rating of 4, it offers significant upside through its 11,000 sqft lot and included lake rights. Featuring dual fireplaces, vaulted ceilings, and wrap-around decks, the home provides a solid foundation for value-add projects. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable mountain residence in the Rim of the World district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 582 Grass Valley Court Subject | $529,000* List Price | 3 | 2 | 1,844 | $277 | - |
A 329 Grass Valley Road Sold | $487,000 | 3 | 2 | 1,891 | $258 | 0.3 mi |
B 26822 Huron Sold | $490,000 | 3 | 4 | 1,852 | $265 | 0.6 mi |
C 544 Old Toll Sold | $595,000 | 4 | 3 | 1,690 | $352 | 0.4 mi |
D 965 Sandalwood Drive Sold | $514,500 | 3 | 3 | 2,030 | $253 | 0.5 mi |
E 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.6 mi |
F 172 N Fairway Sold | $549,000 | 3 | 3 | 1,704 | $322 | 0.9 mi |
G 807 Grass Valley Sold | $434,000 | 2 | 2 | 1,328 | $327 | 0.3 mi |
H 27495 Cedarwood Sold | $510,000 | 4 | 3 | 1,926 | $265 | 0.8 mi |
I 750 Grass Valley Active | $575,000 List Price | 4 | 2 | 1,768 | $325 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property is functional but dated. While the listing mentions a newer roof and windows, the interior features original-style wood paneling and a kitchen with older cabinetry and tile countertops that appear to be over 20 years old. It requires cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1844.
Located in the desirable Arrowhead Woods with included lake rights, this property sits on a quiet cul-de-sac near Grass Valley Lake, offering both exclusivity and a serene forest setting.
The home has been thoughtfully maintained with a newer roof, newer windows, updated bathroom flooring, and newer carpets, significantly reducing immediate move-in costs and future maintenance concerns.
The 1977 split-level design, with the main living area upstairs and additional bedrooms downstairs, may pose accessibility challenges for some buyers compared to modern open-concept or single-story homes.
While the property is very close to the intermediate school, the assigned elementary schools carry lower performance ratings (3 and 4), which may be a drawback for education-focused families.
Major Price Reduction! Tucked away in a quiet cul-de-sac near Grass Valley Lake, this 3-bedroom, 2-bath mountain retreat perfectly blends rustic charm with modern mountain updates. Conveniently located in Lake Arrowhead and offering lake rights, this home provides an opportunity to enjoy the many recreational amenities and mountain lifestyle that make this community so desirable. The downstairs living room features a cozy brick fireplace with an insert, creating the perfect setting for family gatherings, while two spacious bedrooms, a full bathroom, and a laundry/mud room provide comfort and functionality. Upstairs, the primary bedroom, bathroom, and open living area boast rustic vaulted ceilings and a second stone fireplace, creating a bright, airy space designed for entertaining or quiet relaxation near the kitchen and dining area. Thoughtfully updated with a newer roof, newer carpeting, updated bathroom floors, and newer windows, the home offers a warm and inviting atmosphere throughout. Large wrap-around decks provide ample space to enjoy the serene forested surroundings, while the build-up area underneath offers plenty of additional storage for outdoor gear, seasonal items, and more. With its peaceful forest setting, tasteful mountain design, and convenient location in Lake Arrowhead, this retreat is ideal for entertaining, unwinding, and creating lasting memories. Whether enjoyed as a part-time escape or full-time mountain home, it offers the perfect balance of relaxation, comfort, and convenience. Don’t miss the opportunity to experience the Lake Arrowhead lifestyle with lake rights!
No exterior & parking available.
Grades PK-5 • 2.3 mi
Grades K-5 • 5.2 mi
Grades K-5 • 8.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,844 | 2,015.827 |
| Lot Size | 11,000 | 10,163.827 |
| Price | $529.0K | $655.9K |
| Price per sq ft | $287 | $341 |
| Built year | 1977 | 1980 |
| HOA | $0 | $544 |
| Days on market | 110 | 78 |
Aug 27, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
Aug 14, 2026
$549,000
$555,000
-1% Price Drop
Initial Listing
Aug 6, 2026
$555,000
$565,000
-2% Price Drop
Initial Listing
Jul 20, 2026
$565,000
$575,000
-2% Price Drop
Initial Listing
Jun 27, 2026
$575,000
$587,000
-2% Price Drop
Initial Listing
May 22, 2026
$587,000
Initial Listing
Mar 25, 1997
$145,500
Public Record