1498 Deer Way
Lake Arrowhead, CA, 92352
$695,000
MLS: CV26068827
Beds
3
Baths
2
Sq Ft
1,716
Lot
0.18 ac
Year Built
2009
MLS #
CV26068827
Days on Market
4
Listed
Mar 31, 2026
Description
Tucked away in the scenic beauty of Lake Arrowhead, this fully-renovated 3-bedroom, 2-bathroom home offers the perfect blend of comfort, style, and mountain charm—just minutes from Lake Arrowhead Village and Lake Arrowhead Country Club. Step inside to a bright and airy living room featuring soaring vaulted ceilings and abundant natural light, creating a warm and welcoming atmosphere. Recent updates—including fresh interior and exterior paint, new flooring, and a beautifully renovated kitchen, new HVAC, tankless water heater, and natural gas generator - that powers the entire home! The functional layout is ideal for both everyday living and weekend escapes, with 2 bedrooms and 1 bathroom on the main level. Upstairs, a charming loft area just off the primary bedroom offers a flexible space perfect for a home office, reading nook, or private retreat. Outdoor living is where this home truly shines. Enjoy peaceful mornings or evening gatherings on the spacious back porch surrounded by serene tree-lined and mountain views. The level, fully landscaped lot is a rare find in the area and includes a fully fenced yard and a playground, making it an excellent option for families or those seeking a turnkey vacation property. The one-car garage has been thoughtfully converted into a game room, adding additional space for entertainment and relaxation. Whether you're looking for a full-time residence or a weekend getaway, this home delivers on lifestyle, location, and comfort. Located in Deer Lodge Park, no lake rights. STR permit currently in place and may be transferrable, buyers to conduct their own due diligence.
Location
Lake Arrowhead, San Bernardino County, CA 92352
Open on Google Maps ↗Listed by: Ariana Dooley · Coldwell Banker Icon
Payment estimate
$5,128
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,500 · Loan: $625,500
- Principal & Interest
- $3,843
- Property tax (1.25%)
- $724
- Homeowners insurance
- $300
- Mortgage insurance
- $261
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lake Arrowhead home with as little as 3.5% down using an FHA loan — roughly $24,325 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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