38822 Waterview, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 4 bath
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Big Bear Lake, California 92315
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well below the $1,132,735 Fair Market Value by 2%. This valuation gap offers $32,735 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through cosmetic modernization of the 1993-era interiors. With its prime Boulder Bay location, lake views, and spacious 2,552 sqft layout, this asset is ideal 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 |
|---|---|---|---|---|---|---|
★ 38822 Waterview Subject | $1,100,000* List Price | 3 | 4 | 2,552 | $444 | - |
A 752 Cove Drive Active | $1,249,900 List Price | 4 | 3 | 2,350 | $532 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home is well-maintained and functional, the interior finishes date back to the 1993 addition (31 years ago). The kitchen and bathrooms are significantly dated, featuring 90s-era cabinetry, laminate countertops, and older white appliances. The property is move-in ready but requires cosmetic updates to meet modern standards.
Situated in the prestigious Boulder Bay neighborhood on Inspiration Point, the property offers sought-after lake views and excellent proximity to the marina, Village shops, and dining.
The interior boasts classic mountain charm with soaring vaulted tongue-and-groove ceilings and a dramatic floor-to-ceiling rock fireplace, creating a high-end retreat atmosphere.
With over 2,500 square feet of living space and a significant 1993 addition, the home provides a much larger and more versatile floor plan than typical vintage cabins in the area.
Originally constructed in 1924, the home's older components may require more frequent maintenance or updates to meet modern efficiency and structural standards.
The multi-level design with the kitchen located upstairs may be less convenient for some buyers or pose accessibility challenges for those seeking single-level living.
Welcome to your mountain retreat with beautiful lake views in the highly desirable Boulder Bay neighborhood, nestled on Inspiration Point in a peaceful cul-de-sac. Originally built in 1924 and significantly expanded in 1993, this spacious 3-bedroom, 3.5-bath home offers approximately 2,550 square feet of comfortable living space designed for both relaxing and entertaining. Step inside to a bright, open living room featuring soaring vaulted tongue-and-groove ceilings, expansive windows that flood the home with natural light, and a stunning floor-to-ceiling rock fireplace that creates the perfect mountain ambiance. The functional floor plan offers generous-sized bedrooms, a spacious upstairs kitchen, and plenty of room for family and guests. The upstairs primary suite serves as a private retreat, complete with an en-suite bathroom featuring a relaxing Jacuzzi tub. Step outside onto the expansive deck to enjoy your morning coffee, host summer barbecues, or unwind while taking in breathtaking sunsets over the lake. Additional features include an attached two-car garage, ample outdoor storage for all your mountain gear and seasonal equipment, and a fenced area off the original kitchen space that's perfect for pets. Ideally located just minutes from the lake, marina, The Village, shopping, dining, and year-round outdoor recreation, this home offers the perfect blend of mountain charm, modern comfort, and an unbeatable Big Bear lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,552 | 1,300 |
| Lot Size | 7,672 | 7,350 |
| Price | $1.10M | $600.7K |
| Price per sq ft | $431 | $413 |
| Built year | 1924 | 1968 |
| HOA | $0 | $1.2K |
| Days on market | 26 | 85 |
Jun 26, 2026
$1,100,000
Initial Listing
Sep 1, 2000
$369,000
Public Record