971 Grass Valley
Lake Arrowhead, CA, 92352
$881,000
MLS: IG26022774
Beds
3
Baths
4
Sq Ft
3,064
Lot
0.32 ac
Year Built
1989
MLS #
IG26022774
Days on Market
46
Listed
Jan 30, 2026
Description
An exceptional mountain home offering sought-after lake rights to beautiful Lake Arrowhead, this spacious residence delivers a rare and valuable lifestyle opportunity. Set on a generous parcel with charming curb appeal, the home welcomes you with a well-maintained exterior and level-entry parking into a 2-car attached garage with direct access into the home—a highly desirable feature for mountain living. Additional parking across the street provides ample space for a boat, RV, or outdoor toys. Inside, expansive living spaces flow seamlessly into comfortable bedrooms and flexible living areas, including a mother-in-law quarter complete with a built-in stove, fridge, and microwave, ideal for guests, extended family, or potential rental income. The main living area features high ceilings and an open layout, complemented by a fully enclosed sunroom that offers versatile year-round enjoyment. Outdoors, a large patio invites al fresco dining and gatherings while you take in the peaceful setting and peek-a-boo lake views. Additional highlights include a finished exterior shed with potential for a future bathroom, and a spacious, landscaped yard offering room for play, gardening, or future enhancements. Located just minutes from local trails, lake access points, and all the charm of Lake Arrowhead mountain living, this home is perfectly suited as a full-time residence, vacation retreat, or investment opportunity.
Location
Lake Arrowhead, San Bernardino County, CA 92352
Open on Google Maps ↗Listed by: Brianna Anthony · COLDWELL BANKER SKY RIDGE REALTY
Payment estimate
$6,420
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $88,100 · Loan: $792,900
- Principal & Interest
- $4,872
- Property tax (1.25%)
- $918
- Homeowners insurance
- $300
- Mortgage insurance
- $330
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 $30,835 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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