Serene back yard
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229 Hemlock Drive, Lake Arrowhead, CA 92352

$1.13M4bd · 3ba · 1,989 sqft
Lot 4,800 sqft•Single Family Residence•
Active
•47d on market•MLS# IG-26189336

Property Description

Originally built in 1948 and comprehensively renovated for modern living, 229 Hemlock is a Lake Arrowhead cottage where character, quality and ease come together beautifully. Set in the Palisades with lake rights and level access, the 4-bedroom, 3-bath home has been thoughtfully updated throughout, including new plumbing and electrical, dual-zone air conditioning, a Generac generator and reverse-osmosis water system. The interiors feel warm and collected rather than overly done, with inviting living spaces and a highly desirable main-level bedroom and bath designed with accessibility in mind—ideal for guests, multigenerational living or anyone who appreciates the convenience of single-level accommodations. Outside, the private grounds are an experience unto themselves, with a koi pond, saltwater spa, fire pit and outdoor dining beneath the trees. A separate lower-level flex space, currently used as a playroom, lends itself equally well to a home theater, game room or creative retreat, while two additional rooms and a bath above the garage provide exceptional flexibility for guests, work or future possibilities. Currently operated as The Lily Pond Cottage, the home also has an established history as a highly rated short-term vacation rental. Offered furnished as seen, this is an unusually effortless way to own in Lake Arrowhead: arrive with a suitcase and begin enjoying the house from day one.

Features & Amenities

FeeBuilt 1948

Property Details

Land Type
Fee
Year Built
1948
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
3
Garage Spaces
1
Heating
Central
Cooling
Central Air, Dual
View
Pond, Trees/Woods
Flooring
Laminate
Roof
Composition
City
Lake Arrowhead
Zip Code
92352
County
San Bernardino
Listed byReal Broker, THERESA GRANT

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,688.61
Principal & Interest
Loan Amount
$900,000
Total Interest
$1,147,900
Total Payment Over 30 Years
$2,047,900
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

229 Hemlock Drive, Lake Arrowhead, CA 92352

Lake Arrowhead · Single Family Residence

$1.13M
Residential Tier
Beds
4
Baths
3
Sqft
1,989
Lot
4,800 sqft
Year
1948
$/Sqft
$566
Pool: No✓
Spa: Yes✓
View: Pond, Trees/Woods✓
Garage: 1-car✓

Listed 44.2% above the median closed sale of $780,000. Price per sqft ($566) is a 18% premium to closed comps ($478).

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.13M· $566/sqft
Total list price
Closed comps
vs closed median $780K
+$345K (+44.2%)
Active comps
vs active median $725K
+$400K (+55.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $464
+$102 (+22.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
238 Maple DriveLake Arrowhead1936421,6594,800$473$785,00013982
394 Ca-173Lake Arrowhead1969431,6864,500$590$995,00021880
238 BluebellLake Arrowhead1951521,6406,850$441$724,00020670
1296 Calgary DriveLake Arrowhead1970431,64016,275$365$599,0005566
28244 Arbon LaneLake Arrowhead2005431,6108,710$450$724,90017765
Total: 5 · Average4.22.61,6478,227$463.8$765,580159
Median1,640$724,900

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
27780 Lakes Edge RoadLake Arrowhead193010/08/2026431,7925,400$999,999$1.10M$6121.109586
157 Bret Harte RoadLake Arrowhead195609/08/2026321,8635,270$798,000$780,000$4190.9810785
202 Maple DriveLake Arrowhead193809/24/2026321,8854,800$795,000$742,500$3940.9313084
309 Castle Gate RoadLake Arrowhead195110/06/2026432,0198,420$689,500$635,000$3150.9220383
311 John MuirLake Arrowhead193409/24/2026442,2277,200$1.45M$1.45M$6511.003275
Total: 5 · Average3.62.81,957.26,218$940,740$940,740$478.2—113.4
Median1,885$780,000$780,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.