848 Oakmont, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath
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Lake Arrowhead, California 92352
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $389,900—positioned slightly above the $377,158 Fair Market Value. While the property requires cosmetic updates to its Condition Rating of 4, it offers unique functional strengths including Level-Entry Accessibility and a Private Fenced Backyard. The inclusion of essential utilities via the Arrowhead Villas Mutual Service simplifies management for rental or second-home use. This property is an ideal acquisition for Buy-and-Hold Investors or second-home buyers seeking a mountain retreat with significant personalization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 848 Oakmont Subject | $379,900* List Price | 3 | 2 | 1,212 | $303 | - |
A 579 E Victoria Court Sold | $380,000 | 3 | 2 | 1,331 | $285 | 0.4 mi |
B 760 Lake Drive Sold | $375,000 | 3 | 2 | 1,040 | $361 | 0.1 mi |
C 804 Oakmont Sold | $335,000 | 2 | 2 | 1,310 | $256 | 0.2 mi |
D 788 Buckingham Square Sold | $320,000 | 1 | 1 | 836 | $383 | 0.3 mi |
E 748 Lake Active | $359,000 List Price | 3 | 1 | 1,080 | $332 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, the property is 32 years old and retains its original kitchen and bathroom finishes, including oak cabinetry and white tile countertops. While the home appears well-maintained and functional, it is significantly dated and requires cosmetic updates and minor maintenance to the exterior deck to meet modern standards.
The rare level-entry design combined with a 2-car parking deck provides exceptional ease of access, a highly desirable feature in mountain communities where steep terrain is common.
Unlike many properties in the Arrowhead Villas, this home features a fenced backyard, offering a secure and private environment for pets, children, and outdoor entertaining.
The Arrowhead Villas Mutual Service covers essential mountain needs including water, trash, and snow removal for a low annual fee, simplifying property management for owners.
With three bedrooms but only one full bathroom, the home's layout may present logistical challenges for larger families or groups of guests.
The property has experienced multiple price reductions and has been on the market for 50 days, indicating that it has struggled to gain traction at its initial price points.
Beautiful level-entry home on a quiet street with a 2-car parking deck and a fenced backyard—perfect for pets, privacy, or outdoor entertaining. Open floor plan on the main level features the kitchen, dining room with direct access to a deck, and a cozy rock fireplace in the living room. Main level also includes a convenient half bath. Home offers 3 bedrooms and 1 full bath. Washer, dryer, and refrigerator included. Arrowhead Villas Mutual Service covers water, trash, and snow removal, approx. $1,000 per year. Furniture negotiable outside of escrow. Suitable as a rental, primary residence, or second-home retreat
No exterior & parking available.
Grades PK-5 • 2.5 mi
Grades K-5 • 5.8 mi
Grades K-5 • 6.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 37% |
| Square foot | 1,212 | 1,995.5 | 11% |
| Lot Size | 3,375 | 9,857 | 8% |
| Price | $379.9K | $683.5K | 5% |
| Price per sq ft | $313 | $344 | 38% |
| Built year | 1992 | 1978 | 80% |
| HOA | $1000.0 | $0 | 93% |
| Days on market | 71 | 213 | 4% |
May 27, 2026
$379,900
$389,900
-3% Price Drop
Initial Listing
May 17, 2026
$389,900
$397,000
-2% Price Drop
Initial Listing
Apr 29, 2026
$397,000
$399,000
-1% Price Drop
Initial Listing
Mar 28, 2026
$399,000
Initial Listing
Dec 21, 2017
$261,000
Public Record
May 9, 2017
$205,000
Public Record
Sep 17, 1998
$120,000
Public Record