855 Lake Drive, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 3 bath
855 Lake Drive
Lake Arrowhead, California 92352
Property Price
SUMMARY
Analysis of 855 Lake Drive, Lake Arrowhead, California 92352 reveals a property with a current list price of $585,000, which is 14% above the estimated $510,868 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Arrowhead Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 855 Lake Drive Subject | $585,000* List Price | 3 | 3 | 1,422 | $359 | - |
A 118 E Lane Sold | $587,200 | 3 | 2 | 1,372 | $428 | 0.9 mi |
B 323 Mittry Lane Sold | $489,000 | 3 | 2 | 1,254 | $390 | 0.7 mi |
C 675 Pinnacle Sold | $434,000 | 3 | 2 | 1,104 | $393 | 0.3 mi |
D 526 Dover Court Sold | $525,000 | 4 | 3 | 1,800 | $292 | 0.4 mi |
E 27941 Rainbow Drive Sold | $454,900 | 3 | 2 | 1,088 | $418 | 0.7 mi |
F 707 Virginia Court Active | $425,000 List Price | 3 | 2 | 1,320 | $322 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1940, this property has undergone significant and relatively recent updates, placing it in 'Good' condition. The kitchen features modern stainless steel appliances, granite countertops, and well-maintained cabinetry. Bathrooms are updated with contemporary fixtures and tiling. The description highlights 'new paint inside,' a 'newly built gazebo and spa,' and an 'on-demand water heater,' indicating recent investments. The overall property is move-in ready with a charming, cohesive style and appears well-maintained, showing minimal wear and tear.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property holds a current Short-Term Rental (STR) permit, offering immediate income-generating opportunities in a popular tourist destination.
- Enhanced Outdoor Living
Features a custom-fenced yard with a newly built gazebo and spa, providing excellent amenities for relaxation and entertainment.
- Prime Location & Parking
Situated on a corner lot with ample parking for up to 4 cars and within convenient walking distance to the Tudor House, a local entertainment venue.
CONSRISKS & DEFICIENCIES
- Absence of Lake View
Despite its location in Lake Arrowhead, the property does not offer a direct lake view, which is often a highly sought-after feature in this market.
- Older Construction
Built in 1940, the property's age, even with recent updates, may imply potential for underlying infrastructure concerns or higher long-term maintenance compared to newer homes.
- Lack of Cooling System
The property description does not mention an air conditioning or cooling system, which could be a comfort drawback during warmer seasons.
About 855 Lake Drive
Welcome to a charming oasis located in the Arrowhead Villas of Lake Arrowhead. This delightful getaway is situated on a corner lot, offering plenty of parking and convenient walking distance to the Tudor House, known for its concerts, plays, and events. The main floor features a cozy living room, a well-equipped kitchen, a dining area, one bedroom, a 3/4 bath, and a laundry room. Upstairs, you'll find two beautiful rooms, each with a full bath en suite, providing comfort and privacy. The custom-fenced yard is perfect for relaxation and entertainment, boasting a newly built gazebo and spa. Equipped with an on-demand water heater, there is no shortage of hot water. Enjoy the serene surroundings and the convenience of modern amenities in this charming Arrowhead Villas home. Parking for up to 4 cars, current STR permit, newer retaining wall and fully fenced in yard - new paint inside. Photos of Lake Arrowhead are drone shots and do not reflect a view from the property. Property is also listed for full time rent.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 5,390 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 • 2.5 mi
Charles Hoffman Elementary School
Grades K-5 • 5.9 mi
Valley Of Enchantment Elementary School
Grades K-5 • 6.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,422 | 1,971 | 22% |
| Lot Size | 5,390 | 9,752 | 14% |
| Price | $585.0K | $677.5K | 37% |
| Price per sq ft | $411 | $342 | 70% |
| Built year | 1940 | 1977 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 178 | 236 | 28% |
Pricing History
Listed for Sale
Sep 10, 2025
$585,000
Initial Listing