628 Grass Valley Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 3 bath
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628 Grass Valley Road
Lake Arrowhead, California 92352
ACTIVE
CONDITION: FAIR
5Beds
3Baths
2,947Sq Ft
22,813Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$999,387
5% AboveMARKET VALUE
SUMMARY
This Stately Lake Arrowhead Residence represents a Strong Value Opportunity, listed at $1,050,000—positioned slightly above the $999,387 Fair Market Value. While the property carries a Condition Rating of 4 due to its original 90s-era finishes, it offers immense potential for modernization. Featuring Lake Rights, a seasonal creek, and a unique model train room, this home provides a distinct lifestyle experience. Situated in the Rim of the World School District, it is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a spacious, custom estate.
Estimated Market Value
$999,387
Based on Realkey algorithm analyzing recent comparable sales in Lake Arrowhead.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 628 Grass Valley Road Subject | $1,050,000* List Price | 5 | 3 | 2,947 | $339 | - |
A 813 Brentwood Active | $895,000 List Price | 4 | 4 | 3,065 | $292 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is well-maintained but features original dated finishes. The kitchen and bathrooms contain 90s-era oak cabinetry, tile countertops, and brass fixtures that have not been modernized, fitting the criteria for a dated home requiring updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22813, living area = 2947.
- Prime Location & Lake Rights
Situated in the prestigious Arrowhead Woods with coveted lake rights, this estate offers rare level access and a corner lot location just moments from the Country Club and lake.
- Expansive & Unique Lot
The property spans over half an acre and features a seasonal creek, providing a serene natural setting with ample space for boat or RV parking.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The local elementary schools are rated 3 and 4, which may be a concern for families prioritizing high-performing academic districts.
- Extended Market Time
With over 70 days on the market at its original list price, the property may be facing pricing resistance or a niche buyer pool due to its unique custom features.
About 628 Grass Valley Road
Lake Arrowhead Dream House with Lake Rights. This Elegant Estate Enjoys an Enchanting Setting - with over Half an Acre - a Seasonal Creek runs through the land - and it is well positioned on a Corner Lot. Set within a private enclave of homes with Level Access, Parking and Entry. This Stately Residence is Impeccably Maintained Inside and Out. An Entertainers Delight with Excellent Floor plan and Amazing Outdoor Spaces. The Main Level Features Gorgeous Hardwood Flooring, a Stunning Stone Fireplace in the Living Room, Fantastic Formal Dining Space and a Culinary Creators Kitchen. Main Level Bedroom and 3/4 Bath for Easy Living. Let's go Upstairs - Experience Light and Bright with Height - 4 more Spacious Bedrooms with Soaring Ceilings and Large Closets. The Primary Suite has a Sitting Room with a Lovely Fireplace and a Private Balcony. What does Downstairs have in store for us? - All Aboard the Dream Express! The Family Room has a 3rd Gorgeous Stone Fireplace and Features a Model Train which runs at the Ceiling around the Room - there is a Control Room with more Train Fun and a Model Town with...another Train! Ample Parking with Room for Boat or RV plus 2 Car Attached Garage. Situated in a Prime Location - around the corner from Lake Arrowhead Country Club and just moments from the Lake.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 22,813 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lake Arrowhead Unified Schools
Lake Arrowhead Elementary School
Grades PK-5 • 2.1 mi
4/10
Valley Of Enchantment Elementary School
Grades K-5 • 5.4 mi
3/10
Charles Hoffman Elementary School
Grades K-5 • 8.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,947 | 2,015.827 |
| Lot Size | 22,813 | 10,163.827 |
| Price | $1.05M | $655.9K |
| Price per sq ft | $356 | $341 |
| Built year | 1990 | 1980 |
| HOA | $0 | $544 |
| Days on market | 94 | 78 |
Pricing History
Listed for Sale
Jun 7, 2026
$1,050,000
Initial Listing
Sold
Sep 29, 2021
$760,000
Public Record
Sold
Jul 3, 1996
$275,000
Public Record