
Lake Arrowhead, California 92352
This Versatile Mountain Retreat presents a High-Potential Investment Opportunity with a List Price of $785,000—positioned well below the $802,297 Fair Market Value by 2%. This valuation gap offers $17,297 in Instant Equity. Featuring a Good Condition Rating, the property includes a converted detached two-story garage and exclusive lake rights. With modern kitchen updates and proximity to the Rim of the World school district, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating mountain residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 Grass Valley Rd Subject | $785,000* List Price | 3 | 2 | 2,956 | $271 | - |
A 892 Nadelhorn Drive Sold | $820,000 | 3 | 3 | 2,588 | $317 | 0.4 mi |
B 635 Grass Valley Drive Sold | $645,000 | 3 | 2 | 2,119 | $304 | 0.1 mi |
C 795 Bishorn Sold | $655,000 | 3 | 3 | 2,064 | $317 | 0.3 mi |
D 641 Golf Course Road Sold | $845,000 | 4 | 3 | 2,828 | $299 | 0.2 mi |
E 277 Grizzly Road Sold | $895,000 | 5 | 4 | 2,824 | $317 | 0.5 mi |
F 27288 Bernina Drive Sold | $695,000 | 3 | 2 | 2,077 | $335 | 0.3 mi |
G 806 Brentwood Sold | $955,000 | 4 | 4 | 2,996 | $319 | 0.4 mi |
H 755 Grass Valley Active | $639,000 List Price | 4 | 4 | 2,842 | $225 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1967, the property has undergone significant renovations including a modern kitchen with quartz countertops and farmhouse sink, and updated slate/wood flooring. Systems are well-maintained with a newly installed water heater and dual furnaces/AC. The home is move-in ready with fresh exterior paint, fitting the 5-15 year renovation window for a 'Good' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12420, living area = 2956.
The property includes a converted two-story detached garage that serves as a separate living area, providing exceptional flexibility for guest quarters, a home office, or a rental opportunity.
The home features a high-end remodeled kitchen with quartz countertops and custom cabinetry, along with rare mountain comforts such as air conditioning and dedicated boat/RV parking.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2956, other record living area = 1956.
For a residence offering nearly 3,000 square feet of living space and a separate guest area, the availability of only two bathrooms may be a functional drawback for larger families or groups.
Originally constructed in 1967, the property may possess underlying structural or system limitations typical of its era that require more maintenance than a newer build, despite recent cosmetic updates.
Welcome to your Lake Arrowhead retreat! This beautifully maintained home offers a wonderful blend of comfort, functionality, and mountain charm, with thoughtful updates and custom details throughout. The main level features two bedrooms and a full bathroom, while the spacious primary suite occupies the entire lower level and offers a cozy fireplace and direct convenience to the garage. The updated kitchen is designed for both style and functionality, featuring quartz countertops, a farmhouse sink, pull-out cabinetry, and recessed lighting. Slate and wood flooring, custom woodwork, and custom window treatments add warmth and character throughout the home. A bright and inviting sunroom with double-pane windows provides the perfect space to enjoy the surrounding setting year-round. Comfort is well covered with heating, two furnaces and an A/C unit in the main house. Newly installed main house water heater, with two water heaters providing additional convenience. Step outside to a fully gated yard featuring fresh exterior paint, a low maintenance, beautifully, landscaped backyard, spa hook-ups, and an inviting outdoor fire-pit perfect for relaxing or entertaining. Additional highlights include a snow blower, boat and RV parking, and a whole separate living space in the converted detached two story garage, offering excellent flexibility for guests, or additional recreational space. This property has lake rights and an incredible community garden at the bottom of the driveway. With custom craftsmanship throughout, multiple living options, and an ideal combination of outdoor comfort and outdoor amenities, this Lake Arrowhead property is ready to enjoy as a full-time residence, mountain getaway, or investment opportunity.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades K-5 • 5.4 mi
Grades K-5 • 7.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,956 | 2,015.827 |
| Lot Size | 12,420 | 10,163.827 |
| Price | $785.0K | $655.9K |
| Price per sq ft | $266 | $341 |
| Built year | 1967 | 1980 |
| HOA | $0 | $544 |
| Days on market | 31 | 78 |
Aug 9, 2026
$785,000
Initial Listing
Aug 20, 2020
$500,000
Public Record