
Big Bear, California 92315
This Modernized Mountain Retreat is a Strong Value Opportunity, listed at $589,000—positioned well below the $615,001 Fair Market Value by 4%. This valuation gap offers $26,001 in Instant Equity. Boasting a Condition Rating of 3, the home features a refreshed kitchen, newer flooring, and high-value upgrades like air conditioning and a tankless water heater. The oversized lot provides rare RV/boat storage and a private spa with mountain views near the Village. This versatile property is an ideal acquisition for Short-Term Rental Investors or Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40348 Cliff Lane Subject | $589,000* List Price | 3 | 3 | 1,424 | $432 | - |
A 438 Boyd Trail Sold | $429,500 | 2 | 2 | 1,102 | $390 | 0.5 mi |
B 725 Temple Lane Sold | $689,900 | 3 | 3 | 1,636 | $422 | 0.1 mi |
C 40138 Hillcrest Drive Active | $650,000 List Price | 3 | 2 | 1,320 | $492 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1968, the property has undergone significant recent updates that make it move-in ready. Key improvements include a refreshed kitchen with a modern farmhouse sink and subway tile, newer flooring throughout, and high-value system upgrades such as air conditioning and a tankless water heater. Although the bathrooms and wood paneling are dated, the home is well-maintained and functional.
Ideally situated minutes from Big Bear's top attractions, including the Village, Marina, and Alpine Slide, making it an exceptional choice for a high-demand short-term rental or vacation home.
The property features significant recent improvements such as air conditioning, a tankless water heater, newer flooring, and a refreshed kitchen, blending mountain character with modern efficiency.
An oversized 7,000 sq. ft. lot provides rare ample space for boat or RV storage alongside a two-car garage with direct home access, perfect for outdoor enthusiasts.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1968, the home may have underlying structural or mechanical elements that reflect its age, potentially requiring more maintenance than a newer construction.
The current list price of $589,000 is notably lower than the 2022 sale price of $650,000, suggesting a significant correction in value or a shift in local market conditions.
Mountain Charm Meets Modern Comfort - Prime Big Bear Location ~ Ideally located just minutes from Big Bear's top attractions, this inviting home offers the optimal blend of convenience, comfort, and character ~ Enjoy close proximity to Snow Play Hill, the Alpine Slide, the marina, and the vibrant Village--home to popular dining, shopping, and year-round entertainment. Inside, the home features a spacious and thoughtfully designed layout with three bedrooms and three full bathrooms, lends itself for full-time living, weekend escapes, or a high-demand rental property ~ The primary suite, set at the rear of the home, creates a peaceful retreat away from the main living areas ~ Downstairs in the family room, relax and unwind with a friendly game of pool or watch your favorite sport on TV ~ Recent upgrades add modern appeal and efficiency, including newer flooring, a refreshed kitchen, air conditioning, and a tankless water heater. A standout feature is the vintage 1968 built-in record player, with sound wired into select rooms--adding a unique and memorable touch ~ Step outside to enjoy upper and lower decks, great for relaxing or entertaining in the fresh mountain air. End your evenings in the spa under the stars, surrounded by the natural beauty Big Bear is known for ~ The property also includes a two-car garage with direct access into the home and sits on an oversized lot with ample space for boat or RV storage ~ Whether you're looking for a primary residence, vacation home, or income-producing investment, this property offers exceptional versatility in one of Big Bear's most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,424 | 1,484 | 47% |
| Lot Size | 7,000 | 8,000 | 28% |
| Price | $589.0K | $589.4K | 50% |
| Price per sq ft | $414 | $398 | 56% |
| Built year | 1968 | 1975 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 213 | 1% |
Apr 19, 2026
$589,000
Initial Listing
Jan 3, 2022
$650,000
Public Record
Feb 24, 2017
$315,000
Public Record
Dec 1, 1998
$112,500
Public Record
Nov 30, 1995
$78,000
Public Record