
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
Mortgage Calculator
Current Rates
Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Lake Arrowhead · Single Family Residence
Listed 31.4% above the median closed sale of $1,058,000. Price per sqft ($366) is a 22% premium to closed comps ($299). Closed comps sold at 92% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 155 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 26370 Spyglass | Lake Arrowhead | 1995 | 6 | 5 | 3,207 | 10,905 | $374 | $1.20M | 8 | 73 |
| 349 John Muir | Lake Arrowhead | 1981 | 5 | 4 | 3,648 | 6,486 | $534 | $1.95M | 31 | 69 |
| 28411 North Shore Road | Lake Arrowhead | 1958 | 5 | 5 | 4,294 | 45,750 | $696 | $2.99M | 105 | 69 |
| 27598 Meadow Bay | Lake Arrowhead | 1987 | 5 | 3 | 3,871 | 7,500 | $594 | $2.30M | 44 | 68 |
| 775 Madera | Lake Arrowhead | 1993 | 5 | 4 | 3,356 | 8,850 | $255 | $855,000 | 151 | 68 |
| Total: 5 · Average | 5.2 | 4.2 | 3,675.2 | 15,898.2 | $490.6 | $1.86M | 67.8 | |||
| Median | 3,648 | $1.95M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 183 Chipmunk | Lake Arrowhead | 1994 | 05/22/2026 | 6 | 6 | 4,265 | 21,200 | $1.20M | $1.00M | $234 | 0.84 | 62 | 77 |
| 27801 St Bernard | Lake Arrowhead | 1985 | 08/06/2026 | 5 | 5 | 4,016 | 9,300 | $1.10M | $1.06M | $263 | 0.96 | 98 | 71 |
| 1184 Acadia | Lake Arrowhead | 2006 | 09/08/2026 | 6 | 5 | 4,397 | 10,620 | $1.45M | $1.35M | $307 | 0.93 | 145 | 58 |
| 28125 Geneva Lane | Lake Arrowhead | 1977 | 10/05/2026 | 5 | 4 | 4,000 | 11,900 | $1.14M | $1.01M | $254 | 0.89 | 179 | 56 |
| 157 Brentwood Drive | Lake Arrowhead | 1976 | 06/23/2026 | 5 | 5 | 3,993 | 9,900 | $1.79M | $1.75M | $438 | 0.97 | 289 | 54 |
| Total: 5 · Average | 5.4 | 5.0 | 4,134.2 | 12,584 | $1.23M | $1.23M | $299.2 | — | 154.6 | ||||
| Median | 4,016 | $1.06M | $1.06M | ||||||||||
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.