$50k price drop since listing on this fantastic Lake Arrowhead home with coveted Lake Rights and nearby lake access at ALA trail #38! Located in the desirable Arrowhead Woods and just minutes from the lake, enjoy a well-cared-for home offering the perfect mountain retreat, vacation home, or full-time residence with space for everyone. The main level is excellent for open living and entertaining with soaring ceilings, natural light, and decking surrounded by seasonal oaks that create a bright and inviting mountain atmosphere. The kitchen flows seamlessly into the main living space, ideal for entertaining, relaxing, or gathering after a day on the lake. A convenient half bath & laundry area are also located on the main floor. Downstairs, you'll find 3 bedrooms & 3 bathrooms, 2 of which are spacious ensuite bedrooms - 1 with jetted soaking tub & walk-in closet. A large bonus game and recreation room, also downstairs, provides appx 400 SF for entertaining - pool table stays! Ideal space for in-home theater, rec room, or possible ADU opportunity. Situated on a generously sized lot with beautiful tree views & fenced backyard, there is a two-car direct access garage with 2+ car parking deck, and the possibility of some furnishings being included for an easy turn-key mountain getaway. Whether you're looking for a Lake Arrowhead vacation home, weekend escape, investment property, or full-time mountain residence, this property offers an incredible opportunity to enjoy the Lake Arrowhead lifestyle. Since 2022 ownership, the current owner has completed important upgrades: reconstructed parking deck providing level with street parking, improved drainage, new generator & EV charger, LED lighting, new stove top & ovens, new flooring upstairs & down, and fresh paint inside & out. Additional amenities include plowed roads, direct access into home, multiple entry points on both levels, minutes to lake, shopping, dining, schools & golf course.