537 Canyon View Road, Lake Arrowhead, California 92321, Lake Arrowhead, - bed, bath

home-pic
ACTIVE$1,395,000
537 Canyon View Road, Lake Arrowhead, California 92321
4Beds
4Baths
3,954Sqft
17,980Lot
Year Built
1995
Close
-
List price
$1.4M
Original List price
$1.45M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
EV24120578
Home ConditionGood
Features
Good View: Lake, Mountain(s)
Deck
Spa
ViewLake, Mountain(s)

About this home

Remodeled Lakefront Home with Lake Rights in Lake Arrowhead! This stunning property, located across from the Lake Arrowhead marina on Papoose Lake, offers unobstructed views of sparkling water and the National Forest. The 17,980 sqft wooded lot provides a serene setting, free from boat recreation in your backyard, making it a peaceful alternative to Lake Arrowhead. Papoose Lake, created with water from Lake Arrowhead, spans 31 acres of tranquil surface area. The level-entry home features a three-car garage and ample parking. The gated front courtyard, which now includes a newly added spa, is perfect for children to play or for gardening. Inside, the open living space boasts vaulted ceilings and new lighter wood flooring throughout. The living room, with its cozy river rock and brick fireplace, is bathed in natural light from large windows. The expansive dining room offers breathtaking views of snow-capped mountains. The kitchen strikes the perfect balance of modern and rustic with a live edge slab island. Washing dishes feels like you're overlooking your own private lake and forest. The large deck provides ample space for dining and lounging while taking in the incredible views. The mid-level features an entertainment family room with a wood-burning fireplace and bar. The ensuite master bedroom includes a gas fireplace, remodeled bath, and oversized closet. Two guest bedrooms and a full bath with an attached deck complete this level. The bottom level includes a game room, sunroom, powder room, guest bedroom, and full bathroom. Recent updates include all exterior decking (2018), new HVAC with AC (2018, 3-Zones), newer hot water heater with recirculating system, and fresh paint inside and out within the last year. Dual-pane windows and a Generac auto natural gas generator are also included. The oversized garage is perfect for storing a boat. This property is a successful short-term rental, and the furniture can be included. While there is no dock with the home, it is within walking distance to docks and Peninsula Park & Beach. Don't miss this opportunity to own a piece of paradise in Lake Arrowhead!

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds43
80%
Baths42
90%
Square foot3,9541,234
90%
Lot Size17,9807,870
80%
Price$1.4M$378K
90%
Price per square foot$353$343
50%
Built year19959735976
90%
HOA
Days on market512186
90%
Condition Rating
Good

The property was built in 1995 and has been remodeled, including the kitchen and bathrooms. The listing mentions new flooring, fresh paint, and updated HVAC. The kitchen features a modern-rustic design with a live-edge slab island. The bathrooms appear updated with modern fixtures and finishes. While not brand new, the property appears to be in good condition and move-in ready.
Pros & Cons

Pros

Lakefront Location with Lake Rights: The property boasts a desirable lakefront location on Papoose Lake with lake rights, offering unobstructed views and access to water activities.
Remodeled and Updated: The home features recent updates including a remodeled kitchen, bathrooms, new flooring, HVAC with AC (3-Zones), newer hot water heater, and fresh paint, enhancing its appeal and value.
Successful Short-Term Rental: The property has a proven track record as a successful short-term rental, providing immediate income potential for investors.
Ample Parking and Storage: Features a three-car garage and oversized garage perfect for storing a boat, providing ample parking and storage space.
Outdoor Living Spaces: The property includes a gated front courtyard with a spa, a large deck for dining and lounging, and multiple decks attached to bedrooms, maximizing enjoyment of the views and outdoor setting.

Cons

No Private Dock: The property does not have a private dock, which may be a drawback for some lakefront buyers, although docks and Peninsula Park & Beach are within walking distance.
Price Reduction: The property has experienced a price reduction, which could indicate challenges in the current market or perceived overpricing initially.
HOA Fees: HOA fees are associated with Arrowhead Woods, which adds to the monthly cost of ownership.

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