514 Emerald Drive, Lake Arrowhead, California 92352, Lake Arrowhead, - bed, bath
ACTIVE$995,000
514 Emerald Drive, Lake Arrowhead, California 92352
3Beds
2Baths
1,776Sqft
5,225Lot
Year Built
1959
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RW24156857
Home ConditionExcellent
Features
Good View: Lake
Deck
Spa
ViewLake
About this home
LAKEVIEW GEM Just a 2-minute walk from this Lakeview home brings you to the serene lake, perfect for enjoying lake life. This charming property features 3 bedrooms, 2 baths, a cozy living room with a fireplace, and an expansive deck ideal for outdoor BBQs and gatherings. The newly installed AC keeps you cool during hot summer days, while the hot tub is perfect for chilly nights. Relish in the breathtaking sunset views from the deck, living room, and kitchen. Designed & remodeled by The Elevated Nest, this STR-approved home boasts a successful short-term rental history over the last 18 months. This must-see property, only 3 houses away from the lake, is ready to be your next dream home!
Nearby schools
4/10
Lake Arrowhead Elementary School
Public,•PK-5•1.2mi
4/10
Charles Hoffman Elementary School
Public,•K-5•5.8mi
3/10
Valley Of Enchantment Elementary School
Public,•K-5•7.9mi
/10
Rim Virtual
Public,•K-8•2.4mi
5/10
Mary P. Henck Intermediate School
Public,•6-8•2.6mi
6/10
Rim Of The World Senior High School
Public,•9-12•3.0mi
Price History
Date
Event
Price
07/31/24
Listing
$995,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (214 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 3 | 37% |
| Square foot | 1,776 | 1,974 | 40% |
| Lot Size | 5,225 | 9,754 | 13% |
| Price | $995K | $670K | 79% |
| Price per square foot | $560 | $349 | 87% |
| Built year | 1959 | 1976 | 14% |
| HOA | $1,800 | ||
| Days on market | 461 | 177 | 98% |
Condition Rating
Excellent
Despite being built in 1959, the property has undergone an extensive and recent renovation, explicitly stated as 'Designed & remodeled by The Elevated Nest.' The kitchen features modern white shaker cabinets, granite countertops, stainless steel appliances, and a subway tile backsplash, all in excellent, contemporary condition. Throughout the home, there is consistent modern wood-look flooring, updated light fixtures, and fresh paint. A 'newly installed AC' further confirms recent major system upgrades. The overall aesthetic and condition, as seen in the images, reflect a property that is virtually new or extensively renovated within the last 5 years, meeting current quality standards with no apparent deferred maintenance.
Pros & Cons
Pros
Prime Lake Proximity: The property offers exceptional access to the lake, being just a 2-minute walk and only 3 houses away, ideal for enjoying lake life.
Stunning Lake Views: Boasts breathtaking lake and sunset views visible from the expansive deck, living room, and kitchen, enhancing its aesthetic appeal.
Strong Income Potential: It is an STR-approved home with a successful short-term rental history over the last 18 months, presenting a solid investment opportunity.
Modern Comforts & Design: Recently designed and remodeled by The Elevated Nest, featuring a newly installed AC system for summer comfort and a cozy fireplace.
Excellent Outdoor Living: Includes an expansive deck perfect for outdoor BBQs and gatherings, complemented by a hot tub ideal for chilly evenings.
Cons
Age of Construction: Built in 1959, the property may have underlying older infrastructure or require ongoing maintenance typical of homes from this era, despite recent remodels.
Limited Lot Size: The lot size of 5225 sqft is relatively modest, which could limit future expansion possibilities or extensive outdoor landscaping.
Lack of Detailed Parking Information: The description does not specify parking arrangements or a garage, which can be a significant consideration for lake properties, potentially indicating limited off-street parking.