tomo logo

$999,000

Beds
4
Baths
3.5
sq ft
2,680

29050 Banff Dr, Lake Arrowhead, CA 92352

29050 Banff Dr

Lake Arrowhead, CA 92352

  • 25 days on market
    • Price drop $26,000↓
Escape to 29050 Banff, a serene retreat boasting breathtaking, unobstructed panoramic views of the high desert landscape. Nestled in the desirable North Lake Arrowhead community, this stunning home offers full lake rights and is conveniently close to the lake (a 7-minute drive or 10-minute bike ride to the largest beach club), hiking trails (with national forest access just steps away), a well-stocked local grocery store, and the charming Lake Arrowhead Village (a 12-minute drive). Enjoy easy access with a paved, maintained low traffic road and level entry to the main living area. Inside, discover a vaulted ceiling primary en suite on the entry level, and a spacious 6-bedroom home (4 bedrooms per county records), 3.5-bathroom layout with 2,680 square feet, providing ample room for family and friends. Since acquiring the property in 2023, the seller has meticulously enhanced this Prow chalet design with numerous upgrades. A brand new roof with a double lifetime transferable warranty (installed in 2024, Class A fire-resistant rating) and new exterior paint using Tex-Cote Coolwall technology (Class A fire-resistant and reflective) provide superior protection and curb appeal. Inside, enjoy smart and connected Google Nest smoke detectors throughout, a 6-stage reverse osmosis water filter system, optical fiber internet, and updated lighting and outlets. The modern kitchen is a culinary dream, featuring granite countertops, all new stainless steel appliances, and ample cabinetry. Two spacious living rooms, each with a fireplace, a cozy family room with stunning views, a wet bar, and a custom kiddo loft net area offer plenty of space to relax and entertain. Outdoor enthusiasts will love the large deck with stunning desert views, perfect for al fresco dining. Comfort is ensured with central heating and A/C, a Google Nest smart thermostat, and a Level 2 EV charger. Offered turnkey and fully furnished, this exceptional property is ready for you to create unforgettable mountain memories or capitalize on a high-end vacation rental investment. Schedule your private viewing today!

Details

Property type

Single Family Residence

Est. home value

$767,217

Property condition

Updated/Remodeled

Lot size

0.3237 acres

Price per sq ft

$373

Year built

1987

HOA

No

Price History

02/19/2025
CRMLS

CRMLS #IG25026794

Price change
$999,000
-2.54%
02/05/2025
CRMLS

CRMLS #IG25026794

Listed
$1,025,000
+34.87%
02/01/2023
CRMLS

CRMLS #DW22257276

Sold
$760,000
+44.76%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing, Lake

High school district: 

Rim of the World

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$215,056
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$704,024
Cash to seller
$215,056

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

E Mortgage Capital Inc

Loan start date

January 2023

Original loan amount

$722,000

Est. remaining balance

$704,024

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Kevin Meresse and Elodie Meresse

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 03/02/2025 at 2:05 PM

Listing updated: 02/24/2025 at 5:29 PM

Listed by: Steven Cerecedes, Steven Cerecedes, KELLER WILLIAMS LAKE ARROWHEADKELLER WILLIAMS LAKE ARROWHEAD Phone #: (909) 359-8030

MLS: CRMLS #IG25026794

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