971 Grass Valley, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 4 bath
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Lake Arrowhead, California 92352
This Spacious Mountain Residence is a Strong Value Opportunity, listed at $881,000—positioned well below the $920,826 Fair Market Value by 4%. This valuation gap offers $39,826 in Instant Equity. The property maintains a Condition Rating of 4, featuring a well-preserved 1989 interior, coveted Lake Arrowhead lake rights, and a versatile mother-in-law suite with a kitchenette. With peek-a-boo lake views and a massive 13,900 sqft lot, it perfectly balances mountain lifestyle with rental upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 971 Grass Valley Subject | $881,000* List Price | 3 | 4 | 3,064 | $301 | - |
A 27440 Alpen Drive Sold | $905,000 | 3 | 3 | 2,783 | $325 | 0.3 mi |
B 27685 St Bernard Sold | $890,000 | 3 | 3 | 2,612 | $341 | 0.6 mi |
C 432 Grizzly Road Sold | $875,000 | 4 | 3 | 3,365 | $260 | 0.7 mi |
D 1148 Nadelhorn Drive Sold | $915,000 | 4 | 3 | 2,615 | $350 | 0.4 mi |
E 1096 Nadelhorn Drive Sold | $685,000 | 3 | 3 | 1,994 | $344 | 0.3 mi |
F 27618 W Shore Road Sold | $680,000 | 3 | 3 | 2,242 | $303 | 0.5 mi |
G 27547 Alpen Drive Active | $800,000 List Price | 3 | 4 | 2,838 | $282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, the property is well-maintained but largely reflects its original era. The kitchen features dated white cabinetry with wood trim, though it has been partially updated with stone countertops and some stainless steel appliances. The interior shows signs of age, such as the 80s-style built-ins and wood-trimmed windows. While move-in ready and functional, the home requires cosmetic updates to meet modern aesthetic standards, fitting the criteria for a property over 20 years old with occasional updates but no recent full renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13900, living area = 3064.
Situated in the desirable Arrowhead Woods, the property includes coveted lake rights and is conveniently located just minutes from local trails and lake access points.
The home features a dedicated mother-in-law quarter with a built-in kitchenette, offering excellent flexibility for guests, extended family, or potential rental income.
While the property offers a peaceful setting, the lake views are only 'peek-a-boo,' which may not satisfy buyers seeking a full panoramic water vista.
The assigned elementary schools carry relatively low performance ratings (3 and 4), which could be a drawback for families prioritizing high-ranking educational districts.
An exceptional mountain home offering sought-after lake rights to beautiful Lake Arrowhead, this spacious residence delivers a rare and valuable lifestyle opportunity. Set on a generous parcel with charming curb appeal, the home welcomes you with a well-maintained exterior and level-entry parking into a 2-car attached garage with direct access into the home—a highly desirable feature for mountain living. Additional parking across the street provides ample space for a boat, RV, or outdoor toys. Inside, expansive living spaces flow seamlessly into comfortable bedrooms and flexible living areas, including a mother-in-law quarter complete with a built-in stove, fridge, and microwave, ideal for guests, extended family, or potential rental income. The main living area features high ceilings and an open layout, complemented by a fully enclosed sunroom that offers versatile year-round enjoyment. Outdoors, a large patio invites al fresco dining and gatherings while you take in the peaceful setting and peek-a-boo lake views. Additional highlights include a finished exterior shed with potential for a future bathroom, and a spacious, landscaped yard offering room for play, gardening, or future enhancements. Located just minutes from local trails, lake access points, and all the charm of Lake Arrowhead mountain living, this home is perfectly suited as a full-time residence, vacation retreat, or investment opportunity.
No exterior & parking available.
Grades PK-5 • 1.8 mi
Grades K-5 • 5.7 mi
Grades K-5 • 8.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 3,064 | 1,964 | 84% |
| Lot Size | 13,900 | 9,857 | 87% |
| Price | $881.0K | $692.5K | 74% |
| Price per sq ft | $288 | $346 | 25% |
| Built year | 1989 | 1978 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 227 | 12% |
Jan 30, 2026
$881,000
Initial Listing
Jul 18, 1995
$255,000
Public Record