28992 Banff Dr, Lake Arrowhead, California 92352, Lake Arrowhead, - bed, bath

home-pic
ACTIVE$620,000
28992 Banff Dr, Lake Arrowhead, California 92352
3Beds
3Baths
2,384Sqft
11,600Lot
Year Built
1980
Close
-
List price
$620K
Original List price
$639K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25147855
Home ConditionFair
Features
Excellent View: City Lights, Desert, Mountain(s), Panoramic, Trees/Woods
Deck
ViewCity Lights,Desert,Mountain(s),Panoramic,Trees/Woods

About this home

Back on Market! Buyer could not perform! Where Mountain Charm Meets Endless Possibility – A Storybook Retreat with Lake Rights Tucked away on a beautifully treed lot just a short walk to the lake, this 3 bedroom, 3 bath mountain retreat feels like a hidden gem waiting to be discovered. From the moment you arrive, the inviting covered front porch welcomes you with the promise of cozy mornings and peaceful evenings surrounded by nature. Step inside and you’re greeted by the most breathtaking cathedral-style great room—a soaring open space with a dramatic prow front design, massive windows, and two fireplaces that anchor the home with warmth and character. It's the heart of the house, virtually staged to help you imagine family gatherings, fireside chats, and mornings bathed in golden light. The layout unfolds with multiple living spaces, including a flexible lower level that’s perfect as a game room, second living area, or guest suite. And for wine lovers, a private wine cellar awaits—ideal for storing your collection or hosting intimate tastings after a day at the lake. The large decks extend your living space outdoors, offering sweeping spectacular views—a daily reminder of the peace and beauty that surrounds you. Whether you're sipping coffee at sunrise or stargazing at night, this home invites you to slow down and savor every moment. The home is solidly built, with classic mountain charm and lake rights included. It’s move-in ready but offers the perfect canvas for a few remodeling touches to make it truly your own. Think of it as an opportunity, not just a home—whether you're looking for a weekend escape, a full-time sanctuary, or a great investment property with high rental potential. This is more than a home—it’s a lifestyle. A place to make memories, to gather, to unwind. And it’s waiting for you. --

Nearby schools

4/10
Lake Arrowhead Elementary School
Public,PK-50.5mi
4/10
Charles Hoffman Elementary School
Public,K-56.7mi
3/10
Valley Of Enchantment Elementary School
Public,K-57.9mi
5/10
Mary P. Henck Intermediate School
Public,6-82.5mi
/10
Rim Virtual
Public,K-82.9mi
6/10
Rim Of The World Senior High School
Public,9-123.8mi

Price History

Date
Event
Price
10/29/25
Price Change
$620,000-0.8%
10/09/25
Price Change
$625,000-2.2%
07/02/25
Listing
$639,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (218 Listings)
Beds33
50%
Baths33
50%
Square foot2,3841,998
67%
Lot Size11,6009,850
68%
Price$620K$670K
41%
Price per square foot$260$349
17%
Built year19801976
63%
HOA
Days on market126177
25%
Condition Rating
Fair

This property, built in 1980, is over 40 years old and appears to have had no major renovations in recent years. The kitchen features dated wood cabinetry, older countertops, and standard appliances, indicating it's functional but not modern. While no bathroom images are provided, the overall aesthetic of wood paneling, traditional light fixtures, and some wallpaper suggests a similar dated condition. The property is described as 'move-in ready' and 'solidly built,' but also as a 'perfect canvas for a few remodeling touches,' which aligns with the 'fair' category's requirement for minor updates. Major systems are likely functional but show signs of being outdated, and the property has not undergone a full recent renovation.
Pros & Cons

Pros

Lake Rights & Proximity: The property includes valuable lake rights and is situated just a short walk to the lake, significantly enhancing its recreational appeal and value in Lake Arrowhead.
Unique Architectural Design: Features a breathtaking cathedral-style great room with a dramatic prow front design, massive windows, and two fireplaces, offering exceptional character and a strong mountain aesthetic.
Spectacular Views & Outdoor Living: Large decks provide sweeping spectacular views, creating an ideal setting for outdoor enjoyment and appreciating the natural surroundings.
Versatile Interior Spaces: Offers multiple living areas, including a flexible lower level suitable for a game room or guest suite, and a private wine cellar, catering to diverse lifestyle needs.
Strong Investment Potential: Marketed as a 'great investment property with high rental potential,' appealing to buyers seeking income-generating opportunities or a lucrative second home.

Cons

Potential for Required Updates: Built in 1980, the property is described as a 'canvas for a few remodeling touches,' indicating that while solid, some areas may require modernization to meet contemporary standards or preferences.
Previous Transaction Failure: The property is 'Back on Market! Buyer could not perform!', which can raise questions for potential buyers regarding the reasons for the prior failed transaction.
Slightly Above Estimated Value: The current listing price is approximately 2% above the property's estimated market value, which might influence buyer perception of value or negotiation strategy.

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