27821 Peninsula Drive 328, Lake Arrowhead, California 92352, Lake Arrowhead, 92352 - 3 bed, 2 bath

27821 Peninsula Drive 328, Lake Arrowhead, California 92352 home-pic-0
ACTIVE$659,000
27821 Peninsula Drive 328, Lake Arrowhead, California 92352
3Beds
2Baths
1,245Sqft
918Lot
Year Built
1972
Close
-
List price
$659K
Original List price
$699K
Price/Sqft
$529
HOA
$684
Days on market
-
Sold On
-
MLS number
IG25238164
Home ConditionGood
Features
Good View: Hills, Mountain(s), Neighborhood, Trees/Woods
Deck
ViewHills, Mountain(s), Neighborhood, Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $659.0K(30th), sqft - 1245(10th), beds - 3(50th), baths - 2(30th).

An Incredible Offering in the Ever-Desirable Meadow Bay North! This one earns the User’s Choice Award for floor plan, functionality, and outdoor living. Step inside and you’ll find an inviting open layout that flows seamlessly onto a spacious entertaining deck—perfect for gatherings or quiet mornings with coffee in the pines. A bedroom on the main level offers convenience for guests, while a split-level second bedroom provides privacy and flexibility. At the top, the primary suite feels like a true retreat, complete with its own private deck overlooking the trees. This unit enjoys one of the community’s most convenient placements, with easy parking and effortless access to one of Lake Arrowhead’s largest private beaches. Meadow Bay North is known for its charming, meandering, and well-lit walking paths—ideal for peaceful lakeside strolls—and its quiet, one-way interior road. Ample year-round parking adds ease for owners and guests alike. The community beach shines well into the golden hours of late afternoon and early evening, perched on one of the most coveted points Lake Arrowhead has to offer. This setting alone creates a sense of investment security—and with the optional private boat slip purchase, it’s like adding the perfect bow on the highly anticipated gift of Lake Arrowhead living.

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,PK-51.5mi
3/10
Valley Of Enchantment Elementary School
Public,K-56.2mi
4/10
Charles Hoffman Elementary School
Public,K-57.2mi
5/10
Mary P. Henck Intermediate School
Public,6-80.8mi
/10
Rim Virtual
Public,K-81.0mi
6/10
Rim Of The World Senior High School
Public,9-122.0mi

Price History

Date
Event
Price
11/01/25
Price Change
$659,000-5.7%
10/13/25
Listing
$699,000
Condition Rating
Good

Despite being built in 1972, the property features a recently and extensively renovated kitchen and bathroom. The kitchen boasts modern dark wood cabinetry, granite countertops, a stylish tile backsplash, and contemporary black stainless steel appliances. The bathroom is equally updated with a modern vanity, granite counter, and a spacious walk-in shower with glass enclosure and modern tiling. The main living areas have updated dark wood flooring, and the overall property appears well-maintained and move-in ready, aligning with the 'Good' score criteria for properties extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Exceptional Community & Lake Access: The property boasts direct, effortless access to one of Lake Arrowhead's largest private beaches, charming walking paths, and is situated on a coveted point within the highly desirable Meadow Bay North community.
Thoughtful Layout & Outdoor Living: Features an inviting open layout, a convenient main-level guest bedroom, a private primary suite deck, and a spacious entertaining deck, maximizing functionality and enjoyment of the natural surroundings.
Investment Potential: The prime lakeside location, coupled with the optional private boat slip purchase, contributes to strong investment security and enhances the appeal of Lake Arrowhead living.
Convenient Parking: Ample and easy year-round parking is a significant advantage for both owners and guests, addressing a common challenge in popular lake communities.
Scenic Views: The unit offers desirable views of hills, mountains, neighborhood, and trees/woods, providing a serene and picturesque environment.

Cons

Significant Association Fees: The monthly association fee of $684 is substantial and represents a considerable ongoing cost of ownership.
Property Age: Built in 1972, the property is over 50 years old, which may imply potential for older systems, deferred maintenance, or the need for future updates to meet modern standards.
Recent Price Reduction: A recent price drop from $699,000 to $659,000 could suggest a longer market time or that the initial pricing was too high, potentially influencing buyer perception.

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