11008 Bright Water Way, Bakersfield, CA 93311, Bakersfield, 93311 - 4 bed, 3 bath

11008 Bright Water Way
Bakersfield, CA 93311
Property Price
SUMMARY
Analysis of 11008 Bright Water Way, Bakersfield, CA 93311 reveals a Prime Investment Opportunity with a current list price of $599,000—significantly undercutting the $623,538 Fair Market Value by 3%. This valuation gap indicates a +$24,538 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11008 Bright Water Way Subject | $599,000* List Price | 4 | 3 | 2,850 | $219 | - |
A 11224 Bright Water Way Sold | $585,000 | 4 | 3 | 3,086 | $190 | 0.2 mi |
B 1500 Wedgewood Sold | $645,000 | 4 | 3 | 2,778 | $232 | 0.3 mi |
C 803 Mountain Park Drive Sold | $490,000 | 4 | 4 | 2,543 | $193 | 0.5 mi |
D 1103 Carpenter Court Sold | $675,000 | 4 | 3 | 2,922 | $231 | 0.1 mi |
E 1513 Sugarleaf Ridge Drive Sold | $520,000 | 4 | 3 | 2,697 | $193 | 0.9 mi |
F 11208 Bright Water Active | $659,999 List Price | 4 | 3 | 2,737 | $241 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and shows pride of ownership with several key updates. While built in 1997, the interior features upgraded engineered wood flooring, elegant crown molding, and a high-end customized walk-in closet. The kitchen is spacious with a center island and appears well-maintained, though the cabinetry and layout reflect the original build era. The primary suite is a standout feature with accent lighting and a large soaking tub. Although major systems are approaching the end of their typical lifespan due to the home's age, the overall aesthetic and maintenance level meet the criteria for a 'good' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Walkability
The property is ideally situated within walking distance of the top-rated Ronald Reagan Elementary School and the popular Shops at River Walk, offering exceptional lifestyle convenience.
- Luxurious Primary Suite
The expansive master retreat features high-end upgrades, including a customized Closet World walk-in closet, accent lighting, and a spa-like bathroom with a soaking tub and dual vanities.
- Elegant Architectural Details
The interior showcases sophisticated finishes such as beamed ceilings in the formal living room, crown molding, and durable engineered wood flooring throughout the main living areas.
CONSRISKS & DEFICIENCIES
- Seller-Agent Conflict
The listing agent is also the seller, which may necessitate extra due diligence during negotiations to ensure a transparent and objective transaction process.
- Aging Major Systems
Built in 1997, the home's original mechanical systems and roof may be approaching the end of their typical functional lifespan, potentially requiring future capital investment.
About 11008 Bright Water Way
Easty to Show 7 days any time, Please contact your Realtor to schedule. Welcome to an exceptional opportunity in one of the most desirable areas of Bakersfield!This beautifully maintained single-story split-level home offers the perfect blend of elegance, comfort, and location. Situated within walking distance to highly sought-after Ronald Reagan Elementary School, as well as the shops and dining at The Shops at River Walk and the scenic beauty of River Walk Park with its biking trails and open green spaces, this home truly delivers on lifestyle and convenience.Offering 4 spacious bedrooms, this residence features a luxurious primary suite designed for relaxation and functionality. The expansive master retreat includes accent lighting, a customized oversized walk-in closet by Closet World, a large soaking tub, separate enclosed toilet room, generous double-sink counter, and an additional vanity area.Elegant crown molding and engineered wood flooring flow throughout the home, with tile in designated areas for durability and style. The formal living room showcases beautiful beamed ceilings, while the formal dining room provides an inviting space for entertaining. A large family room with a cozy fireplace opens to a spacious kitchen featuring a center island, bar counters, and abundant cabinetryperfect for gatherings and everyday living.Additional highlights include a dedicated laundry room with built-in storage cabinets and a spacious three-car garage offering ample storage and parking.Note: Listing agent is the Seller.This is a rare opportunity to own a home in one of Bakersfield's most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $45 / Month
Neighborhood Insights
Bakersfield Unified Schools
Ronald Reagan Elementary School
Grades K-6 • 0.2 mi
Earl Warren Junior High School
Grades 7-8 • 2.3 mi
Stockdale High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,850 | 2,171 | 79% |
| Lot Size | 9,583 | 8,276 | 58% |
| Price | $599.0K | $517.5K | 69% |
| Price per sq ft | $210 | $235 | 24% |
| Built year | 1997 | 2003 | 31% |
| HOA | $45 | $20 | 58% |
| Days on market | 9 | 180 | 2% |
Pricing History
Listed for Sale
Feb 26, 2026
$599,000
Initial Listing
Sold
Nov 22, 2016
$395,000
Public Record
Sold
Jan 28, 2013
$363,000
Public Record
Sold
Aug 24, 2001
$281,000
Public Record
Sold
Oct 16, 1998
$221,000
Public Record


















