
Big Bear Lake, California 92315
Analysis of 40159 Esterly, Big Bear Lake, California 92315 is currently available with a list price of $475,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Big Bear Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
While the home is well-maintained and features modern system upgrades like central forced air and a tankless water heater, the 1936 structure remains significantly dated. Interior images show older acoustic tile ceilings, vintage wood paneling, and decor consistent with a renovation older than 20 years, requiring cosmetic updates to meet modern standards.
The home features two separate living areas, each with its own kitchen and fireplace, offering exceptional flexibility for multi-generational families or high-potential short-term rental use.
Situated in a highly desirable area of Big Bear Lake, the property is just minutes from the Village, the lake, and major ski resorts, ensuring strong demand and convenience.
The oversized 2-car attached garage is 30 feet deep with 11-foot ceilings, providing rare and ample space for boat storage, mountain gear, and guest parking.
Originally constructed in 1936, the property may require more frequent maintenance or updates to its older structural elements compared to modern mountain homes.
With a 5,000 square foot lot, the outdoor space is relatively compact, which may limit privacy or future expansion opportunities compared to larger mountain parcels.
Welcome to 40159 Esterly Lane! A versatile mountain retreat in one of Big Bear Lake’s most desirable locations, just minutes from the Village, the lake, dining, and the Alpine Slide, and ski resorts. This 3 bedroom, 2 bathroom home offers approximately 1,452 sq ft of living space with a unique and flexible layout that truly sets it apart. Designed with two separate living areas, each with its own fireplace, the home can function as one cohesive space or be utilized separately, making it ideal for extended family, guests, or potential rental use. Each level includes its own kitchen or kitchenette, adding convenience and versatility. The interior offers a warm mountain feel with comfortable living spaces, natural light, and a jetted tub for added relaxation. Multiple bedrooms are located on the main level, providing practical accessibility. Outdoor living is a standout feature with multiple spaces to enjoy the mountain setting. The upper level offers a spacious sun deck, perfect for morning coffee or entertaining, while the lower level features a large patio and a private backyard surrounded by mature trees. Parking and storage are exceptional with an oversized 2 car attached garage approximately 30 feet deep with 11 foot ceilings, plus a large driveway with ample space for guests. Equipped with a tankless water heater and central forced air heating, this home combines comfort with efficiency. Whether you are looking for a full time residence, vacation getaway, or investment opportunity, this property offers flexibility, location, and value all in one. Do not miss this opportunity to own a unique Big Bear home in a prime location. Information deemed accurate but not 100% guaranteed. Buyer and buyers agent are solely responsible for verifying the accuracy of any and all information provided.
No exterior & parking available.
No sensitive facilities data found.
Jun 20, 2026
$475,000
$499,900
-5% Price Drop
Initial Listing
May 31, 2026
$499,900
$519,000
-4% Price Drop
Initial Listing
May 1, 2026
$519,000
Initial Listing
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