628 Grass Valley Road, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 5 bed, 3 bath
Loading property details...
Lake Arrowhead, California 92352
This Stately Lake Arrowhead Residence represents a High-Potential Investment Opportunity, listed at $1,050,000—positioned well above the $867,551 Fair Market Value by -21%. While the property requires cosmetic updates to its Condition Rating of 4, the expansive 0.5-acre lot with seasonal creek views and Lake Rights provides significant long-term value. The unique floor plan, featuring a custom model train room and attached 2-car garage, offers versatile potential for personalization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy mountain estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 628 Grass Valley Road Subject | $1,050,000* List Price | 5 | 3 | 2,947 | $346 | - |
A 813 Brentwood Active | $975,000 List Price | 4 | 4 | 3,065 | $318 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1990 (34 years old) and appears to retain its original finishes. While the listing describes it as impeccably maintained, the kitchen and bathrooms are dated, featuring 1990s-era oak cabinetry, tile countertops, and brass fixtures. It is functional and move-in ready but requires cosmetic updates to meet modern standards, fitting the criteria for a well-kept but dated home.
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.
The property includes coveted Lake Rights and is situated in the prestigious Arrowhead Woods, just moments from the lake and around the corner from the Lake Arrowhead Country Club.
Set on over half an acre, this corner lot features a rare seasonal creek and provides highly desirable level access and parking, including dedicated space for a boat or RV.
The assigned elementary schools carry relatively low ratings (3 and 4), which may be a drawback for families prioritizing high-performing academic districts.
While the middle school is exceptionally close, the primary elementary schools are located over 5 miles away, potentially posing a logistical challenge for daily commutes.
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.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades K-5 • 5.4 mi
Grades K-5 • 8.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,947 | 2,126 |
| Lot Size | 22,813 | 9,850 |
| Price | $1.05M | $669.1K |
| Price per sq ft | $356 | $346 |
| Built year | 1990 | 1979 |
| HOA | $0 | $1.1K |
| Days on market | 45 | 92 |
Jun 7, 2026
$1,050,000
Initial Listing
Sep 29, 2021
$760,000
Public Record
Jul 3, 1996
$275,000
Public Record