
Lake Arrowhead, California 92352
This Mountain Retreat represents a Strong Value Opportunity, listed at $495,000—positioned well above the $477,738 Fair Market Value by 3%. While priced slightly above market, the property offers significant upside through its 11,000 sqft lot and Lake Rights. Featuring a Condition Rating of 4, the home includes a newer roof and windows, providing a solid foundation for cosmetic updates. With its vaulted wood ceilings and expansive wraparound decks, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable mountain escape.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 582 Grass Valley Court Subject 3 bd · 2 ba · 1,844 sqft · $259 | $495,000* List Price | 3 | 2 | 1,844 | $259 | - |
A 329 Grass Valley Road Sold 3 bd · 2 ba · 1,891 sqft · $258 · 0.3 mi | $487,000 | 3 | 2 | 1,891 | $258 | 0.3 mi |
B 26822 Huron Sold 3 bd · 4 ba · 1,852 sqft · $265 · 0.6 mi | $490,000 | 3 | 4 | 1,852 | $265 | 0.6 mi |
C 27376 Alpen Sold 4 bd · 2 ba · 1,784 sqft · $247 · 0.6 mi | $440,000 | 4 | 2 | 1,784 | $247 | 0.6 mi |
D 815 Zurich Drive Sold 3 bd · 3 ba · 1,652 sqft · $263 · 0.7 mi | $435,000 | 3 | 3 | 1,652 | $263 | 0.7 mi |
E 460 Pioneer Road Sold 3 bd · 3 ba · 1,856 sqft · $256 · 0.2 mi | $475,000 | 3 | 3 | 1,856 | $256 | 0.2 mi |
F 27302 Pinewood Sold 3 bd · 3 ba · 1,670 sqft · $317 · 0.8 mi | $529,000 | 3 | 3 | 1,670 | $317 | 0.8 mi |
G 965 Sandalwood Drive Sold 3 bd · 3 ba · 2,030 sqft · $253 · 0.5 mi | $514,500 | 3 | 3 | 2,030 | $253 | 0.5 mi |
H 983 Teakwood Sold 3 bd · 2 ba · 1,676 sqft · $227 · 0.5 mi | $380,000 | 3 | 2 | 1,676 | $227 | 0.5 mi |
I 404 Golf Course Active 3 bd · 2 ba · 1,924 sqft · $311 · 0.3 mi | $599,000 List Price | 3 | 2 | 1,924 | $311 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977 (47 years old), the home is functional but dated. While it features essential maintenance updates like a newer roof and windows, the kitchen cabinets and overall interior aesthetic reflect a style older than 20 years, requiring cosmetic modernization.
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.
The property includes coveted Lake Arrowhead lake rights and is situated on a quiet cul-de-sac near Grass Valley Lake, offering both recreational access and privacy.
Significant recent improvements including a newer roof, windows, carpeting, and bathroom flooring provide immediate value and reduce near-term maintenance concerns.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11000, other record lot size in square feet = 10420.
Built in 1977, the property may require further modernization of original systems or interior finishes beyond the recent cosmetic and structural updates.
Local elementary schools carry lower performance ratings (3-4 out of 10), which may be a consideration for families prioritizing top-tier educational districts.
Exceptional Value in Lake Arrowhead with Lake Rights & Mountain Charm! Discover an inviting mountain retreat tucked away on a peaceful cul-de-sac near Grass Valley Lake. Offering 3 bedrooms and 2 bathrooms, this home blends rustic character, thoughtful updates, and beautiful forest surroundings, creating an appealing opportunity for a full-time residence or weekend escape. The lower level welcomes you with a cozy living room anchored by a brick fireplace with an insert, creating a warm gathering space after a day in the mountains. Two spacious bedrooms, a full bathroom, and a convenient laundry/mudroom provide comfort and functionality for family and guests. Upstairs, vaulted wood ceilings and a striking stone fireplace bring warmth and character to the open living area. The kitchen and dining space flow naturally into the living room, creating an inviting setting for entertaining, sharing meals, or relaxing among the trees. The primary bedroom and bathroom complete this upper-level retreat. Thoughtful improvements include a newer roof, newer carpeting, updated bathroom flooring, and newer windows. Expansive wraparound decks extend the living space outdoors, offering room for morning coffee, outdoor dining, entertaining, or simply enjoying the peaceful forest setting. An additional build-up area provides valuable storage for seasonal belongings and outdoor recreation gear. Located near Grass Valley Lake, this property combines a tranquil setting with access to the recreation and natural beauty that make Lake Arrowhead so desirable. Lake rights add even more appeal, offering the opportunity to embrace the mountain-and-lake lifestyle throughout the seasons. With its peaceful cul-de-sac location, inviting living spaces, two fireplaces, and generous outdoor areas, this home delivers an appealing combination of mountain charm, comfort, and value. Whether you're seeking a full-time residence or a relaxing weekend getaway, discover the possibilities of owning your own Lake Arrowhead retreat!
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 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,844 | 1,979.061 |
| Lot Size | 11,000 | 10,277.399 |
| Price | $495.0K | $643.6K |
| Price per sq ft | $268 | $338 |
| Built year | 1977 | 1978 |
| HOA | $0 | $614 |
| Days on market | 2 | 91 |
Oct 22, 2026
$495,000
Initial Listing
Mar 25, 1997
$145,500
Public Record