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40153 Lakeview Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath

40153 Lakeview Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$1,125,000
40153 Lakeview Drive, Big Bear Lake, California 92315
4Beds
3Baths
2,375Sqft
14,130Lot

Price Vs. Estimate

The estimated value ($1,071,862.92) is $53,137.08 (4%) lower than the list price ($1,125,000). 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 = 14130, living area = 2375.
Top Cons:
Significant Price Reductions: Multiple price drops from the original list price of $1.295M to $1.125M suggest potential overpricing or challenges in attracting buyers at previous price points.

Compared to the nearby listings

Price:$1.12M vs avg $640.0K (+$485,050)86%
Size:2,375 sqft vs avg 1,738 sqft81%
Price/sqft:$474 vs avg $39675%

More Insights

Built in 1962 (63 years old).
Condition: Despite being built in 1962, this property has undergone extensive and recent renovations, as explicitly stated in the description and evidenced by the images. The kitchen and bathrooms are fully remodeled with modern finishes, including stainless steel appliances, contemporary cabinetry, updated countertops, and stylish fixtures. The property also benefits from updated windows and a durable 50-year fire-resistant roof, indicating significant investment in its long-term condition. The interior is well-maintained, blending modern comforts with a charming rustic aesthetic, making it move-in ready with no deferred maintenance.
Year Built
1962
Close
-
List price
$1.13M
Original List price
$1.29M
Price/Sqft
$474
HOA
-
Days on market
-
Sold On
-
MLS number
IG25077617
Home ConditionExcellent
Features
Good View: Neighborhood, Trees/Woods, Water
Deck
ViewNeighborhood, Trees/Woods, Water

About this home

Discover the ultimate mountain getaway with unparalleled lake views and modern comforts. This iconic 4-bedroom, 3-bathroom home offers everything you need for a perfect vacation or full-time residence. Wake up to serene lake views every day from your spacious and cozy retreat. Enjoy the luxury of a fully remodeled kitchen and bathrooms, designed with both style and functionality in mind. Move right in or continue its legacy as a popular vacation rental, as this home is turnkey ready for immediate enjoyment. The game room/garage provides endless fun, ensuring guests and family are always entertained. Home to a well-known volleyball court, this property offers unique amenities that set it apart from the rest. Additional features include updated windows, a fresh coat of paint, and a durable 50-year fire-resistant roof, ensuring peace of mind and long-lasting beauty. Experience mountain living at its finest with this charming lakeview retreat!

Condition Rating
Excellent
Despite being built in 1962, this property has undergone extensive and recent renovations, as explicitly stated in the description and evidenced by the images. The kitchen and bathrooms are fully remodeled with modern finishes, including stainless steel appliances, contemporary cabinetry, updated countertops, and stylish fixtures. The property also benefits from updated windows and a durable 50-year fire-resistant roof, indicating significant investment in its long-term condition. The interior is well-maintained, blending modern comforts with a charming rustic aesthetic, making it move-in ready with no deferred maintenance.
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 = 14130, living area = 2375.
Exceptional Lake Views: The property boasts unparalleled and serene lake views, a highly desirable feature for a mountain retreat in Big Bear Lake, enhancing its appeal and value.
Extensive Modern Renovations: Key areas such as the kitchen and bathrooms have been fully remodeled, along with updated windows and a fresh coat of paint, offering modern comforts and reducing immediate renovation needs.
Turnkey & Income Potential: The home is described as 'turnkey ready' and has a proven legacy as a popular vacation rental, making it attractive for both personal use and investment income.
Unique Recreational Amenities: Distinctive features like a game room/garage and a well-known volleyball court provide exceptional entertainment options, setting it apart from typical mountain homes.
Durable Exterior Updates: The installation of a durable 50-year fire-resistant roof provides long-term peace of mind and reduces future capital expenditures for the buyer.

Cons

Significant Price Reductions: Multiple price drops from the original list price of $1.295M to $1.125M suggest potential overpricing or challenges in attracting buyers at previous price points.
Age of Original Construction: Built in 1962, while many areas are remodeled, the underlying structure and potentially some systems (e.g., plumbing, electrical) are over 60 years old, which could lead to unforeseen maintenance.
Potential for High Maintenance: A large 14,130 sqft lot in a mountain environment may require significant ongoing landscaping and exterior maintenance, which could be a consideration for some buyers.

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