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

11008 Bright Water Way, Bakersfield, CA 93311 home-pic-0

11008 Bright Water Way

Bakersfield, CA 93311

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,850Sq Ft
9,583Lot Size

Property Price

LIST PRICE$599,000
EST. MARKET VALUE
$623,538
3% BelowMARKET VALUE

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

$623,538 +$24,538 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
11008 Bright Water Way
Subject
$599,000*
List Price
432,850$219-
A
11224 Bright Water Way
Sold
$585,000433,086$1900.2 mi
B
1500 Wedgewood
Sold
$645,000432,778$2320.3 mi
C
803 Mountain Park Drive
Sold
$490,000442,543$1930.5 mi
D
1103 Carpenter Court
Sold
$675,000432,922$2310.1 mi
E
1513 Sugarleaf Ridge Drive
Sold
$520,000432,697$1930.9 mi
F
11208 Bright Water
Active
$659,999
List Price
432,737$2410.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

8/10

Earl Warren Junior High School

Grades 7-8 • 2.3 mi

6/10

Stockdale High School

Grades 9-12 • 1.2 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,8502,171
79%
Lot Size9,5838,276
58%
Price$599.0K$517.5K
69%
Price per sq ft$210$235
24%
Built year19972003
31%
HOA$45$20
58%
Days on market9180
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

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