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$2,698,000
●
House -
For Sale
28906 Palisades Drive
Lake Arrowhead, CA 92352
4 Beds
3 Baths,
1
Half Bath
2,120 Ft²
$13,248
Est. Monthly
About This Property
Lakefront in the desirable Palisades neighborhood, with lake and
mountain views from every room! Just steps to ALA trail. Come
experience mountain-lake life in Southern California's most
prestigious four-season, private lake community just 90 minutes
from LA and OC. This home has been tastefully updated with an open
floor plan featuring updated kitchen with SS appliances that
seamlessly connects to dining room on one side and large living
room with stone fireplace on the other with direct access to main
floor deck. The upper floor offers 3 generous bedrooms including
master en-suite with soaking tub and balcony overlooking the lake.
The lower level offers a fourth bedroom family/game room and
additional bathroom with direct access to lower deck. Home sits
right on the ALA trail and is just a short stroll to the ½ dbl dock
that is included. Recent updates include roof, windows and doors,
interior wood flooring, maple cabinetry, granite counters & SS
appliances. Home has parking deck for up to 4 cars, central A/C and
is move-in ready. Come start making memories today!
Unit Size
2,120 Ft²
Days on Market
216 days
Land Size
0.10 acres
Price per sqft
$1,273
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CRMLS #IG26069268)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2026 | Listed by ARROWHEAD PREMIER PROPERTIES | $2,698,000 | |
| Listed by ARROWHEAD PREMIER PROPERTIES | |||
| Jul 9, 2025 | Price Decreased |
$2,775,000
↓ $74K
(2.6%) | |
| Price Decreased | |||
| Dec 18, 2024 | Listed | $2,849,000 | |
| Listed | |||
| | |||
|
Lakefront in the desirable Palisades neighborhood, with expansive lake and mountain views from every room! Come experience mountain-lake life in Southern California’s most prestigious four-season, private lake community just 90 minutes from LA and OC. This home has been tastefully updated with an open floor plan featuring updated kitchen with SS appliances that seamlessly connects to dining room on one side and large living room with stone fireplace on the other with direct access to main floor deck. The upper floor offers 3 generous bedrooms including master en-suite with soaking tub and balcony overlooking the lake. The lower level offers a fourth bedroom family/game room and additional bathroom with direct access to lower deck. Home sits right on the ALA trail and is just a short stroll to the ½ dbl dock that is included. Recent updates include roof, windows and doors, interior wood flooring, maple cabinetry, granite counters & SS appliances. Home has parking deck for up to 4 cars, central A/C and is move-in ready. Come start making memories today!
| |||
| Mar 9, 2022 | No longer available | - | |
| No longer available | |||
| Feb 24, 2022 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Deck
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Breakfast Bar, Granite Counters, Open Floorplan, Pantry, Recessed Lighting, SeparateFormalDiningRoom, LivingRoomDeckAttached, PrimarySuite
Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
Flooring Type: Carpet, Tile, Wood
Laundry Features: Inside
Has Fireplace
Fireplace Features: Family Room, Living Room
Exterior Details
Square Footage: 2120
Square Footage Source: $0
Security Features: Prewired
Property Condition: Turnkey
Year Built Source: Assessor
Year Built: 1958
Waterfront Features: Lake Front, Lake Front
Levels: Two
Patio and Porch Features: Deck
Pool Features: None
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 4420
Lot Size Units: Square Feet
Lot Size Acres: 0.1015
Lot Size Square Feet: 4420
Tax Lot: 48
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lake Arrowhead
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Listed by: Brian L. Cohen, ARROWHEAD PREMIER PROPERTIES
Last Updated: 2 months ago
Data Source: CRMLS, MLS# IG26069268
Last Updated: 2 months ago
Data Source: CRMLS, MLS# IG26069268
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