27121 Peninsula Drive, Lake Arrowhead, California 92352, Lake Arrowhead, - bed, bath
ACTIVE$409,000
27121 Peninsula Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,452Sqft
9,620Lot
Year Built
1971
Close
-
List price
$409K
Original List price
$495K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
EV23061039
Home ConditionFair
Features
Good View: Trees/Woods
Deck
Patio
ViewTrees/Woods
About this home
LOWEST PRICED SINGLE FAMILY HOME with Lake Rights! This well maintained home offers lots of space with 3 bedroom/ 2 bathroom all on same level with lower level game room and separate office, that could be 4th Bedroom on lower level. The home includes a detached garage. Home has beam ceilings, some newer vinyl windows and paint. Living room has brick fireplace to enjoy during the cool winter nights. With dual access from Peninsula or access Rd off Pioneer and close to MPH. There is level entry from back. Several outdoor entertaining spaces for you to enjoy the fresh mountain air. Great location close to golf course, lake, schools, and shopping. This home has great value add potential.
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•2.1mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•5.4mi
4/10
Charles Hoffman Elementary School
Public,•K-5•7.9mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•0.1mi
/10
Rim Virtual
Public,•K-8•1.0mi
6/10
Rim Of The World Senior High School
Public,•9-12•2.1mi
Price History
Date
Event
Price
10/19/25
Price Change
$409,000-4.7%
08/09/25
Price Change
$429,000
04/12/23
Listing
$494,900
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (218 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 3 | 37% |
| Square foot | 1,452 | 1,977 | 19% |
| Lot Size | 9,620 | 9,770 | 49% |
| Price | $409K | $670K | 9% |
| Price per square foot | $282 | $349 | 22% |
| Built year | 1971 | 1976 | 42% |
| HOA | |||
| Days on market | 938 | 177 | 99% |
Condition Rating
Fair
Built in 1971, this property is over 50 years old. While the description notes it is 'well maintained' with 'some newer vinyl windows and paint,' the images reveal that the kitchen and bathrooms are significantly outdated. The kitchen features dated light wood, flat-panel cabinets, laminate countertops, older white appliances, linoleum flooring, and fluorescent lighting. Both bathrooms exhibit similar conditions with dated vanities, laminate counters, older fixtures, and linoleum flooring. The overall interior, including carpets and light fixtures, also reflects an older aesthetic. The home is functional and appears to have been cared for, but it requires substantial cosmetic updates and modernization, particularly in the kitchen and bathrooms, to meet current standards. This aligns with the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated and requiring minor to moderate updates.
Pros & Cons
Pros
Lake Rights & Competitive Pricing: This is the lowest-priced single-family home offering valuable Lake Rights, providing exclusive access to lake amenities and representing a strong value proposition.
Spacious & Flexible Layout: The home boasts a generous layout with 3 bedrooms and 2 bathrooms on the main level, complemented by a lower-level game room and a separate office that could serve as a 4th bedroom, offering versatile living spaces.
Prime Location & Accessibility: Strategically located close to the golf course, lake, schools (including MPH), and shopping, with convenient dual access points and a desirable level entry from the back.
Outdoor Living & Comfort Features: Features several outdoor entertaining spaces perfect for enjoying the mountain air, alongside a cozy brick fireplace in the living room for comfortable winter evenings.
Practical Amenities & Partial Updates: Includes a detached garage for added convenience and benefits from beam ceilings, some newer vinyl windows, and fresh paint, indicating ongoing maintenance and desirable aesthetic touches.
Cons
Age & Potential for Modernization: Built in 1971, the property, while well-maintained, likely retains some original features, and its 'value add potential' suggests that significant modernization or renovation may be desired by buyers seeking contemporary finishes.
Absence of Central Cooling: The property description does not mention a cooling system, which could be a consideration for comfort during warmer months, particularly for buyers accustomed to air conditioning.
Implied Investment for Upgrades: While 'value add potential' is a positive for investors, it also implies that a typical homeowner might need to allocate additional time and financial resources post-purchase to fully update the property to modern standards or personal preferences.