551 Raccoon Court
Lake Arrowhead, CA, 92352
$699,000
MLS: IG25114482
Beds
3
Baths
3
Sq Ft
1,590
Lot
0.33 ac
Year Built
1928
MLS #
IG25114482
Days on Market
311
Listed
May 24, 2025
Description
Offered for the first time in years, this timeless 1928 mountain lodge is nestled in the coveted enclave of Crest Estates—a private, storybook neighborhood where listings rarely surface. Tucked among towering pines, this home blends rich historic character with refined modern upgrades. The moment you enter, you're greeted by soaring two-story trestle-beamed ceilings and a floor-to-ceiling rough-hewn granite fireplace that anchors the sun-drenched great room. Nearly every room—save the bathrooms—boasts sweeping panoramic views of Lake Arrowhead, stretching almost to the marina. The main level features a chef’s kitchen with brand-new, never-used appliances (still in protective wrap), custom cabinetry, and a statement powder room. A charming mid-stair window seat offers a moment of retreat with breathtaking views of both lake and forest. Upstairs, the primary suite reigns supreme with its own private balcony and open loft-style landing, creating a secluded sanctuary above it all. Downstairs, find a secondary bedroom and utility room with direct access to updated systems including FAU and a tankless water heater—plus space to add a bathroom. To keep things low maintenance, a new septic system and electrical panel round out the system updates. Outside, a fully renovated detached guest house provides studio-style luxury with its own lake views. While this property does not currently hold lake rights, consider pursuing them via an Arrowhead Woods lot purchase. In the meantime, you'll enjoy a setting so private, serene, and visually commanding it barely seems real. This is not just a home—it’s a legacy opportunity. Properties like this whisper through the market. By the time you hear them, they’re already gone.
Location
Lake Arrowhead, San Bernardino County, CA 92352
Open on Google Maps ↗Listed by: THERESA GRANT · Real Broker
Payment estimate
$5,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
- Principal & Interest
- $3,865
- Property tax (1.25%)
- $728
- Homeowners insurance
- $300
- Mortgage insurance
- $262
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 $24,465 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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