ActiveResidential · sale

1213 Montreal Drive

Lake Arrowhead, CA 92352

$990,000

  • 5 beds
  • 5 baths
  • 3,185 sq ft
  • 0.41 acres
  • Built 1979

Listed by HOMEQUEST REAL ESTATE · MLS #CV26146364

1213 Montreal Drive, Lake Arrowhead, CA 92352 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1979.

Garage parking

2 garage spaces listed.

Property size

0.41 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

PRICE IMPROVED — Now $990,000.

Beautifully updated 3,200 sq ft, 5-bedroom, 5-bath luxury retreat on a generous 0.41-acre lot in prestigious Arrowhead Woods. Modern comfort, expansive living spaces, and strong income potential as a fully permitted Short-Term Rental (STR).



Standout Features

• Deeded Lake Rights: private access to Lake Arrowhead, Tavern Bay Beach, beach clubs, boating, and waterfront recreation

• Expansive wrap-around balcony and deck with dramatic pine tree and mountain views

• Game room/den ideal for entertaining, movie nights, or a home office

• Private access road with spacious grounds including park benches, picnic table, and shed (sauna conversion potential)

• Three driveways, 3-car garage with showroom epoxy flooring, plus ample RV parking

• Direct backyard path to elementary school, 2-minute drive to the lake, and 3-minute drive to hospital and fire station

• Easily plowable road with delivery truck access; fully furnished option available.



Interior:

Gourmet kitchen with custom built-ins opens to a great room with fireplace — equally suited to quiet evenings and large gatherings. Primary suite with luxurious bath, jetted tub, and large walk-in closet. Upper level: three additional bedrooms and two full baths. Lower level: bedroom, full bath, and large bonus room (game room, office, theater, or private retreat). Separate laundry for full-size appliances.



Recent Upgrades:

New electrical panel, water heater, central A/C, all major appliances (refrigerator, freezer, stove, dishwasher, wine fridge, washer/dryer), commercial-grade toilets, faucets, sinks, countertops, hot tub, garage epoxy floor, advanced ventilation, basement flooring, ceiling fans, and designer lighting.

Works as a primary residence, multigenerational home, or high-yield vacation rental. Active STR permit plus deeded lake rights deliver both lifestyle and investment value. Just 15 minutes from Lake Arrowhead Village, with world-class hiking, boating, skiing, biking, and off-roading nearby. Spectacular stargazing and mountain serenity. A rare turnkey opportunity — now priced under $1 million.
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THE NEIGHBORHOOD

Explore the location.

1213 Montreal Drive, Lake Arrowhead, CA 92352

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1979
Full baths
4
Half baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,GasCooktop,GasOven,Microwave
Utilities
CableConnected,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Pool
No
Pool features
None
Spa
Yes
Subdivision
Arrowhead Woods (AWHW)
Parcel
0329391140000
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$4,125.00
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1213 Montreal Drive, Lake Arrowhead, CA 92352 · MLS #CV26146364

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Listing information

MLS #CV26146364 · California Regional MLS

Listing brokerage: HOMEQUEST REAL ESTATE
Listing agent: Gina Lievanos

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.