
Lake Arrowhead, California 92352
This Turnkey Mountain Compound represents a Strong Value Opportunity, listed at $2,199,000—positioned well below the $2,396,318 Fair Market Value by 8%. This valuation gap offers $197,318 in Instant Equity for the buyer. Featuring a Mint Condition Rating following a high-end renovation, the estate includes a detached guest suite, mature tree views, and lake rights. Its prime location in the gated Shelter Cove makes this an ideal acquisition for Luxury Homeowners or Second-Home Buyers seeking an effortless, high-end mountain lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 869 Shelter Cove Subject | $2,199,000* List Price | 5 | 5 | 4,156 | $577 | - |
A 28537 North Shore Sold | $2,350,000 | 4 | 5 | 4,135 | $568 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone a comprehensive high-end renovation within the last 5 years. It features five updated bathrooms with modern glass enclosures, a refreshed kitchen, and significant system upgrades including a recently replaced roof and central HVAC. The interior is in mint condition with vaulted ceilings and premium finishes, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29700, living area = 4156.
Situated in the prestigious, gated community of Shelter Cove, this property offers rare lake rights and a prime location near Tavern Bay Beach Club and the shoreline trail.
The 4,156 sq-ft floor plan features a detached guest suite with a private entrance and a separate retreat above the garage, providing exceptional flexibility for guests or a home office.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4156, other record living area = 3094.
While extensively refreshed and updated, the original 1948 build date may involve underlying age-related maintenance or structural quirks compared to modern builds.
The assigned elementary and middle schools have modest ratings (3-5), which could be a drawback for families seeking a primary residence in a top-tier school district.
A rare offering behind the coveted gates of Shelter Cove. Set on approximately 0.68 acres of gently contoured, highly usable land, this 4,000+ sq-ft compound offers lake rights, mature trees, natural landscaping, custom hardscaping, and generous outdoor space. Its peaceful setting provides a welcome sense of privacy while remaining close to some of Lake Arrowhead’s most desirable destinations. Designed for entertaining and relaxed mountain living, the home features elevated furnishings and amenities, including an expansive primary suite, three intimate guest quarters, and a private retreat above the garage. Five updated bathrooms, a refreshed kitchen, a bonus/game room, a 300-square-foot breezeway (included in the overall square footage), and two spacious main-level living areas complete the thoughtful layout. High ceilings, two fireplaces, hardwood floors, abundant windows, and beautiful natural light create an airy yet inviting atmosphere, with ample room to gather, unwind, and enjoy quiet moments. The detached guest suite has its own entrance, making it ideal for visitors, extended stays, a studio, or a secluded workspace. An oversized two-car garage, circular driveway, and abundant parking provide exceptional flexibility for hosting, recreational equipment, storage, or workshop use. Additional improvements include central heating and air conditioning, a security system, and a recently replaced, high-quality composition-shingle roof. Nearly level access places the Lake Arrowhead shoreline trail, Tavern Bay Beach Club, and UCLA Lake Arrowhead Lodge just moments away. Whether the day begins with a walk beneath the pines, an afternoon on the lake, or time spent relaxing with family and friends, the property supports an effortless indoor-outdoor lifestyle in every season. Its combination of privacy, usable land, guest accommodations, and proximity to the water makes it equally suited to full-time living, weekend escapes, and memorable extended stays. Furnishings and A 24-foot Bentley pontoon boat may be included, along with the opportunity to rent or purchase a dock slip, making it easy to enjoy the Lake Arrowhead lifestyle from day one. From summer boating and outdoor entertaining and cozy winter weekends by the fire, this is a home designed to be enjoyed throughout the year. More than a mountain home, this distinctive Shelter Cove estate is a place for gatherings, quiet mornings, and lasting memories. Dock-slip rental is subject to availability/ALA Rules
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades K-5 • 6.7 mi
Grades K-5 • 7.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 5.0 | 3.0 |
| Square foot | 4,156 | 2,015.827 |
| Lot Size | 29,700 | 10,163.827 |
| Price | $2.20M | $655.9K |
| Price per sq ft | $529 | $341 |
| Built year | 1948 | 1980 |
| HOA | $1025.0 | $544 |
| Days on market | 29 | 78 |
Aug 11, 2026
$2,199,000
Initial Listing
Aug 30, 2017
$710,000
Public Record