266 Wren Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

266 Wren Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$699,000
266 Wren Drive, Big Bear Lake, California 92315
3Beds
2Baths
2,160Sqft
9,350Lot

Price Vs. Estimate

The estimated value ($280,965.475) is $418,034.525 (59%) lower than the list price ($699,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9350, living area = 2160.
Top Cons:
Significant Valuation Discrepancy: The current list price of $699,000 is substantially higher than the property's estimated value of $280,965, indicating a potential overvaluation that could deter buyers.

Compared to the nearby listings

Price:$699.0K vs avg $640.0K (+$59,050)60%
Size:2,160 sqft vs avg 1,738 sqft72%
Price/sqft:$324 vs avg $39513%

More Insights

Built in 1972 (53 years old).
Condition: The property was built in 1972, making it over 50 years old. While the listing states it's 'beautifully maintained' and images show some updates like stainless steel kitchen appliances and a modern glass-enclosed shower in one bathroom, other elements such as the kitchen cabinets, speckled granite countertops, and some light fixtures appear to be from an older renovation (likely 15-30 years ago) rather than a recent, extensive overhaul. The overall condition is functional and move-in ready, but shows signs of being aged with partial updates, fitting the 'Fair' criteria.
Year Built
1972
Close
-
List price
$699K
Original List price
$749K
Price/Sqft
$324
HOA
-
Days on market
-
Sold On
-
MLS number
SW25095047
Home ConditionFair
Features
Good View: Neighborhood, Trees/Woods
Deck
Spa
ViewNeighborhood, Trees/Woods

About this home

Furnished Cabin in Prime Big Bear Lake Location. Experience mountain living at its finest with this fully furnished, beautifully maintained cabin nestled near one of Big Bear’s most sought-after neighborhoods, Eagle Point Estates. Just minutes from Big Bear Lake, Snow Summit Ski Resort, and countless year-round outdoor activities, this home offers the perfect blend of comfort, convenience, and lifestyle. Inside, the cabin features three large, inviting bedrooms that comfortably accommodate families or groups, with plenty of room to relax after a day of adventure. The open-concept living area combines rustic charm with modern comfort, creating a relaxed, mountain-lodge atmosphere, ideal for making memories. Outside, enjoy a spacious backyard retreat complete with a private hot tub—perfect for soaking under the stars after skiing, hiking, or lake days. Whether you're entertaining, relaxing, or enjoying seasonal recreation, this property has it all. As a bonus, the home comes fully furnished and includes the option of a trusted local housekeeper to provide ongoing care and maintenance. Whether you're seeking a full-time residence, a vacation home, or a turnkey investment, this cabin is an exceptional opportunity in the heart of Big Bear. Motivated sellers willing to look at all offers!

Condition Rating
Fair

The property was built in 1972, making it over 50 years old. While the listing states it's 'beautifully maintained' and images show some updates like stainless steel kitchen appliances and a modern glass-enclosed shower in one bathroom, other elements such as the kitchen cabinets, speckled granite countertops, and some light fixtures appear to be from an older renovation (likely 15-30 years ago) rather than a recent, extensive overhaul. The overall condition is functional and move-in ready, but shows signs of being aged with partial updates, fitting the 'Fair' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9350, living area = 2160.
Premier Location: Situated in a highly desirable area near Eagle Point Estates, offering immediate access to Big Bear Lake, Snow Summit, and year-round outdoor activities.
Turnkey & Fully Furnished: The property comes fully furnished, making it ready for immediate personal use or as a rental investment, further supported by the option of a local housekeeper.
Desirable Outdoor Features: Includes a spacious backyard retreat with a private hot tub, enhancing its appeal for relaxation and entertainment.
Flexible Investment Potential: Marketed as suitable for a full-time residence, vacation home, or turnkey investment, broadening its buyer demographic.
Charming & Functional Interior: Features an open-concept living area with rustic charm and modern comfort, complemented by three large bedrooms.

Cons

Significant Valuation Discrepancy: The current list price of $699,000 is substantially higher than the property's estimated value of $280,965, indicating a potential overvaluation that could deter buyers.
Property Age & Potential for Updates: Built in 1972, the property is older than many comparable sales, and while described as 'beautifully maintained,' the listing does not specify recent major renovations, which might be expected at this price point.
Seller Motivation & Price History: The 'motivated sellers' and a prior $50,000 price reduction suggest challenges in attracting offers at the current price, potentially signaling a need for further price adjustments to align with market expectations.

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