27487 Matterhorn
Lake Arrowhead, CA, 92352
$1,500,000
Original list price: $1,650,000
MLS: IG26112741
Beds
5
Baths
5
Sq Ft
4,512
Lot
0.64 ac
Year Built
1992
MLS #
IG26112741
Days on Market
79
Listed
May 23, 2026
Description
Welcome to “Black Bear Lodge” — an extraordinary 4,500 sq. ft. mountain estate offering luxury lodge living, panoramic mountain views, and coveted Lake Rights to the pristine private waters of Lake Arrowhead. The entire estate is wonderfully designed, crafted and maintained from the custom carved front door to the custom milled siding and of course the carved Yogi bear & lodge-pole railings. ~ This impressive 5 bedroom/5 bathroom retreat combines grand scale with warm mountain character, featuring an open floor plan designed for entertaining and comfortable multi-generational living. The level-entry main floor includes a spacious primary suite with fireplace and stone surrouned spa-tub. Soaring living spaces, and seamless indoor-outdoor flow to an extra-large deck overlooking breathtaking mountain scenery. ~ Designed for recreation and relaxation, the home features a huge game & theatre room, separate family room, plus a dedicated gym/office space — offering flexibility for gatherings, remote work, or vacation rental potential. ~ Situated on a beautifully landscaped and terraced double lot of over 1/2 acre, the grounds are truly one of a kind. Enjoy your own mini orchard with approximately 30 fruit trees, a stunning rose garden, and a Napa-style outdoor dining experience beneath vine-covered trellises. The fantastic outdoor kitchen creates the perfect setting for entertaining under the stars. ~ Additional amenities include a garage, covered parking, RV/boat parking, whole-house automatic generator, A/C, public utilities, and high-speed internet. Offered fully furnished & decorated so you can start enjoying right away! Located on a plowed and county-maintained road for convenient year-round access. ~ “Black Bear Lodge” offers the ultimate mountain lifestyle — combining privacy, luxury, outdoor beauty, and unforgettable entertaining spaces in one remarkable Lake Arrowhead retreat.
Location
Lake Arrowhead, San Bernardino County, CA 92352
Open on Google Maps ↗Listed by: BARRY LIEBERMAN · RE/MAX LAKESIDE
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$11,127
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $150,000 · Loan: $1,350,000
Average 30-yr fixed rate 6.69% as of Aug 6, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,702
- Property tax (1.25%)
- $1,563
- Homeowners insurance
- $300
- Mortgage insurance
- $563
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 Aug 6, 2026
- 30-year fixed
- 6.69%
- 15-year fixed
- 6.01%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $52,500 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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Local Market Stats
See Lake Arrowhead, CA 92352 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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