292 N Fairway Nestled among towering pines & majestic oaks on a wooded half-acre lot in Lake Arrowhead’s prestigious Summit neighborhood, this custom-built home with coveted LAKE RIGHTS offers the perfect blend of mountain charm, comfort, and versatility. Lovingly maintained by the original owners, the property features spacious interiors, abundant natural light & peaceful forest surroundings. The main level includes an office/study with custom built-in bookshelves, formal dining room, and spacious kitchen with an island, walk-in pantry, abundant cabinetry, and sunny breakfast nook. The dramatic living room features a floor-to-ceiling brick wood-burning fireplace and a wall of windows that brings the outdoors in. Sliding glass doors from the living room and kitchen open to an expansive deck perfect for outdoor dining and relaxing among the trees. Upstairs, the versatile loft includes an artist’s studio with a utility sink & built-in cabinetry, plus additional flex space ideal for a game room, fitness area or creative retreat. The lower level hosts the spacious primary suite with deck access, walk-in closet, and ensuite bath with soaking tub and separate shower. Three additional bedrooms, a full bathroom, and laundry room provide comfortable accommodations for family and guests. The fully finished basement has been transformed into a private studio apartment with its own entrance, ideal for guests, multigenerational living, or rental income potential. Features include a fireplace, kitchenette, French-inspired bathroom, surround sound speakers, and sliding glass doors leading to a private outdoor area with peaceful forest views. Currently operating as a successful short-term rental, this versatile space offers excellent income potential. Adjacent to the studio is a dedicated woodworking/workshop area with a garage-style door. Additional highlights include a level-entry driveway, attached two-car garage with ample parking, solar panel system, and central vacuum system. Located on a county-maintained road in a convenient commuter location, this exceptional home is situated in the highly sought-after Summit neighborhood, known for its upscale homes on spacious half-acre parcels and underground utilities. In springtime, the front yard comes alive with colorful tulips and daffodils. Owned & cherished by one family since its construction, this special mountain retreat offers a rare opportunity in one of Lake Arrowhead’s most desirable neighborhoods.