403 Gibralter Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 1 bath
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403 Gibralter Lane
Big Bear Lake, California 92315
ACTIVE
CONDITION: FAIR
2Beds
1Baths
976Sq Ft
12,150Lot Size
Property Price
LIST PRICE$999,950
SUMMARY
Analysis of 403 Gibralter Lane, Big Bear Lake, California 92315 is currently available with a list price of $999,950. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1942, this cabin is significantly dated with vintage knotty pine walls and older finishes throughout. While the listing mentions an updated bathroom and the home appears functional/livable, the overall aesthetic and systems are well over 20 years old. The agent's description specifically suggests the property as a site for a future 'dream home,' indicating the value is primarily in the land and the current structure requires major modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 12150, living area = 976.
- Prime Lakefront Lot
Situated on a rare, flat 12,150 sqft lot at Gibraltar Point, this property offers direct lake access and expansive water views, representing a premium location in Big Bear.
- Development Potential
The large, level lot size provides a significant opportunity for expansion or the construction of a custom luxury estate, maximizing the value of the prestigious lakefront setting.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With less than 1,000 square feet of living space and only one bathroom, the current structure may be too small for larger families or those seeking modern luxury amenities.
- Aging Structure
Originally built in 1942, the cabin may require significant maintenance or updates to meet modern standards, reflecting its primary value as a land-hold opportunity.
About 403 Gibralter Lane
WHAT AN AMAZING PROPERTY ON BIG BEAR LAKE!!!! WHERE ARE YOU GOING TO FIND A FLAT OVER 12,000 SQUARE FOOT LOT ON THE LAKE. THIS IS GIBRALTAR POINT AND A WELL KNOWN DESTINATION FOR BEAUTIFUL HOMES. THIS HOME IS ON THE SMALLER SIDE BUT ITS A PERFECT PLACE TO STAY OR RENT OUT WHILE YOU ARE LOOKING INTO BUILDING YOUR DREAM HOME. SO MUCH PRAVACY AND LOOK AT THE TREES, THERE ARE BEAUTIFUL TREES ON THIS PROPERTY. SPEND AN AFTERNOON ON THE BEAUTIFUL LARGE BALCONY OVERLOOKING THE LAKE. THE INTERIOR OF THIS CABIN WELCOMES YOU TO ITS WONDERFUL KNOTTY PINE LIVING ROOM WITH ITS HIGH CEILINGS THIS ROOM GIVE YOU THE FEELING OF BEING LARGER THAN IT REALLY IS. THE NATURAL LIGHTING IS WONDERFUL TO SEE!!!! THIS ROOM IS VERY SPACIOUS AND A BEAUTIFUL CUSTOM FIREPLACE ACCENTS THE ROOM. PLENTY OF USE OF THE KNOTTY PINE WOOD. THE GALLEY KITCHEN HAS EVERYTHING YOU NEED TO COOK A FEAST. THERE IS AN ABUNDANCE OF CABINETS AND THE DINING AREA HAS A BEAUTIFUL PICTURE WINDOW OVERLOOKING THE LAKE!!! THE LOFT UPSTAIRS HAS SEVERAL BEDS AND CAN ACCOMADATE 3-4 IN THE SLEEPING ROOM. THE DOWNSTAIRS PRIMARY BEDROOM IS ALSO LARGE. PLENTY OF USE OF THE KNOTTY PINE WOOD. THE FULL BATH HAS BEEN UPDATED. EVEN THOUGH THE HOME IS UNDER 1,000 SQUARE FEET IT LOOKS BIGGER THAN IT IS AND WHAT GORGEOUS VIEWS. CLOSE TO ALL THE JOYS OF BIG BEAR LIVING. WHAT A DREAM IN ANY OF THE SEASONS.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 12,150 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 |
| Square foot | 976 | 1,503.603 |
| Lot Size | 12,150 | 7,837.809 |
| Price | $1000.0K | $634.9K |
| Price per sq ft | $1.0K | $399 |
| Built year | 1942 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 44 | 68 |
Pricing History
Listed for Sale
Jul 27, 2026
$999,950
Initial Listing