
Big Bear Lake, California 92315
This property presents a Strong Value Opportunity with a List Price of $499,900—positioned well below the $530,768 Fair Market Value by 5%. This valuation gap offers $30,868 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers a versatile floor plan with a game room and partial lake views. While the interior requires cosmetic updates, the 19,600 sq ft lot provides significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38661 Talbot Drive Subject | $499,900* List Price | 3 | 2 | 1,884 | $282 | - |
A 38855 Big Bear Sold | $595,000 | 3 | 2 | 1,964 | $303 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1995, this 29-year-old property is largely in original condition. While functional and move-in ready, the kitchen features dated pine cabinetry and 90s-era tile countertops. Exterior photos show significant peeling and wear on the decking, indicating a need for immediate maintenance. The property fits the 'Fair' criteria as it is over 20 years old and requires cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19600, living area = 1884.
The property sits on a massive 19,600+ sq ft lot, offering a rare sense of seclusion and significant outdoor space that is highly coveted in the Big Bear market.
With a dedicated lower-level game room featuring a wet bar and soaring vaulted tongue-and-groove ceilings, the home is perfectly designed for hosting or high-yield vacation rental use.
The lake views are described as partial rather than panoramic, which may be a competitive disadvantage compared to premium waterfront or ridge-top properties.
Built in 1995 and maintained as a legacy retreat, the interior may require cosmetic updates to transition from traditional mountain charm to a more modern luxury aesthetic.
Lakeview Retreat with Feeling of Seclusion ~ Nestled on an expansive 19,600+ sq ft lot, this legacy mountain retreat was built by the current owners in 1995 ~ It offers partial lake views, a versatile floor plan, and the illusion of seclusion while remaining just minutes from all that Big Bear has to offer ~ The lower level is currently being used as a game room and additional sleeping quarters, complete with a convenient wet bar, making it an ideal space for entertaining family and friends ~ The main living level features a spacious bedroom, full bathroom, and open living room with an impressive rock fireplace, kitchen, dining area, and laundry conveniently tucked away in a closet ~ Soaring vaulted tongue-and-groove ceilings create a warm mountain ambiance, while two sliding glass doors open onto the balcony where you can relax and enjoy the peaceful setting and partial lake views ~ The upper level overlooks the living area below and offers two additional bedrooms, a full bathroom, and picturesque lake views from the front-facing windows ~ The oversized lot provides exceptional outdoor space with mature trees and a private mountain setting that creates the illusion of seclusion without sacrificing convenience ~ Ideally located just minutes from Big Bear Lake, the Village, ski resorts, golf course, Alpine Zoo, and miles of hiking and biking trails, this property is perfectly suited as a full-time residence, vacation getaway, or investment opportunity ~ Mountain charm, flexible living space, and coveted lake views combine to create an exceptional Big Bear retreat.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,884 | 1,503.603 |
| Lot Size | 19,600 | 7,837.809 |
| Price | $499.9K | $634.9K |
| Price per sq ft | $265 | $399 |
| Built year | 1995 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 34 | 68 |
Aug 6, 2026
$499,900
Initial Listing