
Lake Arrowhead, California 92352
This property presents a High-Potential Investment Opportunity with a List Price of $639,000—positioned well below the $607,201 Fair Market Value by -5%. Featuring a 4-bedroom, 4-bath layout with unique mountain architecture and lake rights, the home maintains a Condition Rating of 4. While the interior requires cosmetic modernization, the large 11,704 sqft lot and dual-access parking provide significant value-add potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 755 Grass Valley Subject | $639,000* List Price | 4 | 4 | 2,842 | $217 | - |
A 615 San Benito Sold | $570,000 | 3 | 3 | 2,487 | $229 | 0.4 mi |
B 329 Grass Valley Road Sold | $487,000 | 3 | 2 | 1,891 | $258 | 0.5 mi |
C 26822 Huron Sold | $490,000 | 3 | 4 | 1,852 | $265 | 0.8 mi |
D 965 Sandalwood Drive Sold | $514,500 | 3 | 3 | 2,030 | $253 | 0.3 mi |
E 27495 Cedarwood Sold | $510,000 | 4 | 3 | 1,926 | $265 | 0.9 mi |
F 615 Grass Valley Rd Active | $785,000 List Price | 3 | 2 | 2,956 | $266 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966 with interior renovations appearing to be 30+ years old. While the home is well-maintained and functional, the bathrooms and laundry area are significantly dated, featuring vintage teal and pink tiling, floral wallpaper, and aged cabinetry. The property is move-in ready but requires comprehensive cosmetic updates to the kitchen and baths to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11704, living area = 2842.
The property includes highly coveted Lake Arrowhead lake rights and is ideally situated in Arrowhead Woods near the golf course, hiking trails, and Grass Valley Lake.
Spanning over 2,800 sqft, the home offers a dedicated game room with a bar and rare dual-access parking that provides a sought-after level entry from the rear access road.
Originally built in 1966, the home features older 'unique' finishes and a kitchen noted for expansion potential, suggesting a need for modernization to meet contemporary luxury standards.
The assigned elementary schools carry lower performance ratings (3 and 4), which may be a consideration for families looking for a full-time primary residence.
Welcome to your mountain getaway - with lake rights and a great location! This beautiful home has unique architecture, character, and plenty of space for enjoyment and entertainment. The property features two separate areas for parking, one being off the main road, the other being behind the house off of an access road, which allows for almost level entry. On the main level you will find the generously sized kitchen with room for expansion, living room with tall vaulted ceilings, main level bedrooms, and a bath. Not to mention the outdoor patio just off of the living/dining nook. Up a grand staircase, you will find a dreamy and functional loft space with private bath, and a very large primary suite & bathroom with fun finishes, a large elevated tub, shower, and ample windows for natural light. Downstairs, you have another bedroom, and a large game/pool table room with a bar. The entire home has unique wood work throughout, tall ceilings, tons of natural light, and unique architecture. Nestled in the trees, this home is in close proximity to the Lake Arrowhead Golf Course, local schools, Grass Valley Lake, Hiking trails and more. This home is priced to sell and is an amazing opportunity for full time living, part time vacationers, investment opportunities, and more.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades K-5 • 5.2 mi
Grades K-5 • 8.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,842 | 2,015.827 |
| Lot Size | 11,704 | 10,163.827 |
| Price | $639.0K | $655.9K |
| Price per sq ft | $225 | $341 |
| Built year | 1966 | 1980 |
| HOA | $0 | $544 |
| Days on market | 34 | 78 |
Aug 6, 2026
$639,000
Initial Listing
Mar 26, 2014
$369,000
Public Record
Jan 31, 2013
$216,500
Public Record
Jun 14, 2001
$418,000
Public Record
May 3, 1995
$375,000
Public Record