721 Ivy, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 1 bath
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Lake Arrowhead, California 92352
This Turnkey Mountain Retreat is a High-Potential Investment Opportunity, listed at $359,000—positioned well below the $377,381 Fair Market Value by 4%. This valuation gap offers $18,381 in Instant Equity. Featuring a Mint Condition Rating with recent structural upgrades and a lower-level configuration for income potential, this property balances lifestyle with financial upside. Located near Rim of the World High School, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready mountain escape.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 Ivy Subject | $359,000* List Price | 3 | 1 | 1,000 | $377 | - |
A 760 Lake Drive Sold | $375,000 | 3 | 2 | 1,040 | $361 | 0.1 mi |
B 583 W Victoria Court Sold | $425,000 | 3 | 2 | 1,134 | $375 | 0.3 mi |
C 681 Virginia Court Sold | $395,000 | 3 | 3 | 1,158 | $341 | 0.2 mi |
D 788 Buckingham Square Sold | $320,000 | 1 | 1 | 836 | $383 | 0.4 mi |
E 675 Pinnacle Sold | $434,000 | 3 | 2 | 1,104 | $393 | 0.3 mi |
F 805 Knight Court Active | $350,000 List Price | 2 | 1 | 912 | $384 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel featuring a modern kitchen with stainless steel appliances and updated flooring. Key systems and structural elements are new, including the roof, vinyl siding, water heater, and wall heater, placing it in mint, turnkey condition.
The property is move-in ready with extensive recent improvements including a new roof, vinyl siding, insulation, and updated appliances, significantly reducing immediate capital expenditure for a buyer.
The lower level features a separate entrance and is partially configured for a second living area, offering a rare opportunity for guest quarters, multi-generational living, or rental income.
Level entry access combined with a comprehensive HOA that covers snow removal, water, sewer, and trash provides a convenient, lock-and-leave experience ideal for weekenders or investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1000, other record living area = 816. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With three bedrooms but only one bathroom, the property may face functional challenges for larger families or groups, potentially impacting its competitive edge in the rental market.
At 1,000 square feet for a three-bedroom configuration, the individual room sizes and common areas are relatively small, which may feel restrictive for long-term occupancy.
Turnkey Lake Arrowhead Gem with Income Potential!Nestled on a quiet cul-de-sac surrounded by beautiful dogwoods, this remodeled mountain retreat combines charm, comfort, and opportunity. Enjoy level entry access, peek-a-boo lake views through the trees, and parking for three vehicles. Inside, you'll find a warm and inviting living space featuring a wood-burning fireplace, recessed lighting, dual-pane windows, and thoughtful upgrades throughout.Recent improvements include a new roof, vinyl siding, insulation, appliances, water heater, and wall heater. Offered furnished with select exclusions, this home is ready to enjoy from day one.The lower level features a separate entrance and is already partially configured for a potential second living area. With sewer access in place, the possibilities for guest quarters, multi-generational living, or income-producing use are substantial. With low quarterly HOA dues covering water, sewer, trash, snow removal, and road maintenance, this property delivers the mountain lifestyle buyers are seeking, whether as a primary residence, weekend escape, or investment opportunity. A rare opportunity to own a beautifully updated mountain retreat that blends tranquility, convenience, and exceptional future potential.
No exterior & parking available.
Grades PK-5 • 2.3 mi
Grades K-5 • 5.8 mi
Grades K-5 • 7.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,000 | 2,126 |
| Lot Size | 3,150 | 9,850 |
| Price | $359.0K | $669.1K |
| Price per sq ft | $359 | $346 |
| Built year | 1976 | 1979 |
| HOA | $305.0 | $1.1K |
| Days on market | 25 | 92 |
Jun 27, 2026
$359,000
Initial Listing
Dec 3, 2020
$280,000
Public Record
May 29, 2019
$200,000
Public Record
Sep 25, 2018
$145,000
Public Record
Sep 4, 2009
$47,000
Public Record