
267 Pheasant Run, Lake Arrowhead, CA 92352
267 Pheasant Run, Lake Arrowhead, CA 92352
Property Description
Welcome to a luxurious Cedar Ridge estate with an attached guest house, set behind the gates of one of Lake Arrowhead’s premier estate communities. Positioned on a wooded 42,253-square-foot parcel—nearly an acre—with lake rights and low HOA fees, this private retreat offers exceptional space, seclusion, and versatility. Designed for entertaining and everyday living, the main residence features multiple gathering spaces. A formal living room welcomes you, while the casual living room off the kitchen is filled with natural light from oversized windows. A cozy fireplace and peaceful forest views create the perfect place to unwind. The formal dining room is currently styled as an entertainer’s bar and lounge but can easily return to a traditional dining space. The open kitchen features granite countertops, new stainless-steel appliances, generous cabinetry, and a seamless connection to the surrounding living areas. The spacious primary suite includes a spa-inspired bathroom with dual vanities, a glass-enclosed shower, and a Jacuzzi soaking tub recently refurbished with all-new jets and a new air switch. Generously sized guest rooms and well-appointed bathrooms provide comfort throughout. Outdoor living is where this property becomes unforgettable. The expansive upper deck offers room for dining and entertaining beneath mature trees, while the lower patio creates another inviting gathering area. A custom stone fireplace transforms the backyard into a private mountain resort—perfect for summer dinners, autumn evenings, and snowy nights by the fire. The attached guest house includes a large living area, full kitchen, dedicated laundry, and spacious private bedroom. It offers excellent flexibility for extended family, guests, a private workspace, or other permitted uses. Recent upgrades include new toilets throughout, a newer water main installed approximately 20 months ago, new kitchen appliances, the refurbished primary-bath Jacuzzi, and numerous additional improvements. A whole-house fan, whole-house generator, and abundant storage add convenience and peace of mind. More than a mountain home, this is a private retreat, an entertainer’s dream, and a flexible multigenerational estate. With its guest house, indoor-outdoor living, nearly one wooded acre, gated privacy, and coveted Lake Arrowhead lake rights, Cedar Ridge delivers an extraordinary lifestyle and rare value.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Lake Arrowhead · Single Family Residence
Listed 4.5% above the median closed sale of $1,330,000. Price per sqft ($366) is a 13% discount to closed comps ($420). Expect a longer timeline — comps averaged 195 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 355 Cedar Ridge Drive | Lake Arrowhead | 1992 | 4 | 3 | 3,699 | 42,708 | $338 | $1.25M | 201 | 74 |
| 413 Cimarron Lane | Lake Arrowhead | 1984 | 5 | 3 | 2,093 | 23,119 | $645 | $1.35M | 97 | 71 |
| 388 Primrose Circle | Lake Arrowhead | 2022 | 6 | 5 | 2,764 | 6,012 | $479 | $1.32M | 320 | 67 |
| 28838 Palisades | Lake Arrowhead | 1960 | 3 | 3 | 1,838 | 9,830 | $868 | $1.59M | 125 | 57 |
| 373 John Muir | Lake Arrowhead | 1938 | 3 | 2 | 1,588 | 6,050 | $803 | $1.27M | 23 | 46 |
| Total: 5 · Average | 4.2 | 3.2 | 2,396.4 | 17,543.8 | $626.6 | $1.36M | 153.2 | |||
| Median | 2,093 | $1.32M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29198 Pigeon Hawk Lane | Lake Arrowhead | 2002 | 11/19/2025 | 4 | 5 | 4,102 | 45,738 | $1.60M | $1.53M | $374 | 0.96 | 32 | 76 |
| 537 Canyon View Road | Lake Arrowhead | 1995 | 05/22/2026 | 4 | 4 | 3,954 | 17,980 | $1.33M | $1.26M | $320 | 0.95 | 708 | 75 |
| 483 Emerald | Lake Arrowhead | 1998 | 10/14/2026 | 4 | 4 | 3,416 | 11,165 | $1.34M | $1.33M | $389 | 0.99 | 60 | 73 |
| 28710 Bryce | Lake Arrowhead | 1992 | 07/09/2026 | 4 | 3 | 3,199 | 14,110 | $1.20M | $1.27M | $397 | 1.06 | 65 | 62 |
| 27937 West Shore Road | Lake Arrowhead | 1967 | 12/10/2025 | 4 | 4 | 2,330 | 10,250 | $1.65M | $1.45M | $622 | 0.88 | 109 | 57 |
| Total: 5 · Average | 4.0 | 4.0 | 3,400.2 | 19,848.6 | $1.37M | $1.37M | $420.4 | — | 194.8 | ||||
| Median | 3,416 | $1.33M | $1.33M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.