40127 Dream Street, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath
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40127 Dream Street
Big Bear Lake, California 92315
ACTIVE
CONDITION: FAIR
2Beds
2Baths
950Sq Ft
2,500Lot Size
Property Price
LIST PRICE$359,000
EST. MARKET VALUE
$371,966
3% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $359,000—positioned well below the $371,966 Fair Market Value by 3%. This valuation gap offers $12,966 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers newer 2003 construction, a River Rock Fireplace, and a Large Concrete Patio. Its central location near the Village and lake makes it an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance mountain retreat.
Estimated Market Value
$371,966+$12,966 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Big Bear Lake.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40127 Dream Street Subject 2 bd · 2 ba · 950 sqft · $392 | $359,000* List Price | 2 | 2 | 950 | $392 | - |
A 39975 Ohio Lane Active 2 bd · 2 ba · 888 sqft · $450 · 0.2 mi | $399,900 List Price | 2 | 2 | 888 | $450 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the 'Fair' category (>20y). While the listing mentions fresh paint and central heating, the bathrooms show original builder-grade finishes and dated oak fixtures that would benefit from modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value and Condition
As one of the lowest-priced newer construction homes (built 2003) in Big Bear Lake, this property offers excellent value with energy-efficient dual-pane windows, a river rock fireplace, and a freshly painted interior.
- Prime Central Location
The property is ideally situated within half a mile of the Village, Big Bear Lake, and National Forest trails, providing convenient access to shopping, dining, and year-round outdoor recreation.
- Low-Maintenance Turnkey Potential
Designed as an 'easy keeper,' the home features concrete yards for minimal upkeep and an open-concept floor plan, making it a perfect candidate for a high-yield vacation rental or a hassle-free second home.
CONSRISKS & DEFICIENCIES
- Limited Lot Size and Privacy
The 2,500-square-foot lot is relatively small and primarily paved, which may lack the expansive 'woodsy' feel and natural privacy that some mountain buyers prioritize.
- Compact Living Space
With only 950 square feet of living area, the interior may feel restrictive for larger families or full-time residents requiring significant storage or additional living zones.
About 40127 Dream Street
Great Condition, Newer Construction 2003. Open and Bright. Greatroom combines Living Room, Kitchen and Counter for barstools and Seperate Dining Arera with Table and Chairs for Family or Entertaining. Energy Effficient Dual Pane Windows and Central Heating. 3 Ceiling Fans. Freshly Painted entire inside. 2 Nice sized Bedrooms. Mirrored Wardrobe Clost Doors. One is a Master Suite. Full Bathroom in Hallway. Laundry Hookups and Water Heater clost also in hallway. Easy Maintenance Yards. Front yard is Concrete and has room to park 2 OR 3 Vehicles. Back yard is a very large concrete Patio for Bar b Que or relax area. River Rock Fireplace in Living Room. 2 Solar Lights in Hallway. Location is central to Stores, Restaurants and the Brewery. Village and Lake are half mile away. National Forest trails are also half a mile. Ski Resorts and Boat/ Kayak Launch are minutes away. Original Owners are Selling the property. They had it Built in 2003. This is an Easy Keeper for a Primary or Second Home. Could be a Great Vacation or Full Time Rental.. LOWEST PRICE in BIG BAR LAKE FOR ITS SIZE AND AGE! Check it out Today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 950 | 1,542.393 |
| Lot Size | 2,500 | 7,922.562 |
| Price | $359.0K | $617.0K |
| Price per sq ft | $378 | $383 |
| Built year | 2003 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 16 | 74 |
Pricing History
Listed for Sale
Oct 8, 2026
$359,000
Initial Listing
Sold
Dec 1, 2003
$159,500
Public Record
Sold
May 11, 1994
$7,500
Public Record