582 Grass Valley Court, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Mountain Retreat is a Strong Value Opportunity, listed at $587,000—positioned well below the $606,082 Fair Market Value by 3%. This valuation gap offers $19,082 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a newer roof, windows, and updated flooring. With Full Lake Rights, expansive wrap-around decks, and a quiet forest setting, this property is an ideal choice for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting the Lake Arrowhead market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 582 Grass Valley Court Subject | $587,000* List Price | 3 | 2 | 1,844 | $329 | - |
A 279 Old Toll Sold | $585,000 | 3 | 2 | 1,697 | $345 | 0.6 mi |
B 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.5 mi |
C 401 Grizzly Road Sold | $603,000 | 3 | 2 | 1,612 | $374 | 0.4 mi |
D 414 Grass Valley Sold | $500,000 | 3 | 2 | 1,459 | $343 | 0.2 mi |
E 929 Trinity Drive Sold | $520,000 | 3 | 2 | 1,900 | $274 | 0.5 mi |
F 1226 Grass Valley Sold | $629,999 | 3 | 3 | 2,050 | $307 | 0.8 mi |
G 349 Golf Course Road Active | $575,000 List Price | 3 | 2 | 1,664 | $346 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1977, the property has been well-maintained with significant updates including a newer roof, newer windows, newer carpets, and updated bathroom flooring. These improvements align with the 5-15 year renovation criteria, making the home functional and 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 = 11000, living area = 1844.
Located in the desirable Arrowhead Woods subdivision with full lake rights, this property sits on a quiet cul-de-sac near Grass Valley Lake, offering the quintessential mountain lifestyle and high resale desirability.
The home has been thoughtfully maintained with a newer roof, newer windows, updated bathroom flooring, and fresh carpets, significantly reducing immediate capital expenditure for the new owner.
Built in 1977, the property may have older underlying mechanical or plumbing systems that haven't been fully modernized despite the recent cosmetic and surface-level updates.
The assigned elementary schools carry relatively low ratings (3 and 4), which may be a deterrent for families prioritizing top-tier primary education within the Rim of the World district.
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. The downstairs living room features a cozy brick fireplace with an insert, ideal for family gatherings, while two spacious bedrooms, a full bathroom, and a laundry/mud room provide comfort and functionality. Upstairs, the main 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. Thoughtfully updated with a newer roof, newer carpets, updated bathroom floors and newer windows, the home offers a warm, inviting atmosphere throughout. Large wrap-around decks provide ample space to enjoy serene forested surroundings, while under-deck storage keeps outdoor gear and seasonal items neatly tucked away. With its quiet forest setting, tasteful design, included lake rights, and serene surroundings, this mountain retreat is perfect for entertaining, unwinding, and making lifelong memories. Every space is designed to capture the peaceful mountain ambiance, while still offering easy access for part-time or full-time living, creating the ideal balance of relaxation and convenience. Don’t miss the chance to experience the Lake Arrowhead lifestyle! Professional photos coming soon.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,844 | 1,995.5 | 44% |
| Lot Size | 11,000 | 9,986.5 | 64% |
| Price | $587.0K | $667.5K | 38% |
| Price per sq ft | $318 | $343 | 41% |
| Built year | 1977 | 1978 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 216 | 1% |
May 22, 2026
$587,000
Initial Listing
Mar 25, 1997
$145,500
Public Record