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40627 Simonds Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

40627 Simonds Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$749,000
40627 Simonds Drive, Big Bear Lake, California 92315
3Beds
2Baths
1,080Sqft
7,500Lot

Price Vs. Estimate

The estimated value ($389,355.125) is $359,644.875 (48%) lower than the list price ($749,000). 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 = 7500, living area = 1080.
Top Cons:
Significant Price Discrepancy: The current list price of $749,000 is substantially higher than the estimated property value of $389,355, which may present challenges in market competitiveness and appraisal.

Compared to the nearby listings

Price:$749.0K vs avg $640.0K (+$109,050)66%
Size:1,080 sqft vs avg 1,714 sqft23%
Price/sqft:$694 vs avg $39697%

More Insights

Built in 1966 (59 years old).
Condition: Despite being built in 1966, the property has undergone a 'beautifully remodeled' and 'fully remodeled' renovation, as stated in the description. The images confirm this with a modern kitchen featuring white shaker cabinets, light countertops, stainless steel appliances, and a black faucet. Bathrooms are also extensively updated with contemporary vanities, fixtures, and tiling. The flooring throughout is modern wood-look plank, and light fixtures are updated. The overall condition appears virtually new with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
Year Built
1966
Close
-
List price
$749K
Original List price
$799K
Price/Sqft
$694
HOA
-
Days on market
-
Sold On
-
MLS number
PW25080285
Home ConditionExcellent
Features
Excellent View: Lake, Mountain(s), Neighborhood
Deck
ViewLake, Mountain(s), Neighborhood

About this home

Just steps from the water and directly across the street from Big Bear Lake, this beautifully remodeled mountain retreat offers panoramic lake views and unbeatable proximity to everything Big Bear has to offer. Fully remodeled with thoughtful attention to detail, this 3-bedroom, 2-bath home is comfortable, stylish, and is the perfect place for you to begin making unforgettable memories. Inside you'll find a light-filled open-concept layout featuring a cozy fireplace with beautifully updated finishes and a gorgeous kitchen—ideal for entertaining or simply enjoying peaceful mornings at the lake. Take in the lake views from the comfort of your living room or while sipping coffee on the deck. Outside, the spacious yard offers a tranquil space to unwind after a day of adventure on the lake or the slopes. Tucked on a quiet, rarely available street, this home is located just 1/3 of a mile from the lake & marina, as well as The Village, where you’ll find dining, shopping, and year-round events. Whether you're enjoying the July 4th fireworks from your front yard, using it as your personal getaway, or keeping it as a high-demand vacation rental, this property is an exceptional find in a prime location.

Condition Rating
Excellent
Despite being built in 1966, the property has undergone a 'beautifully remodeled' and 'fully remodeled' renovation, as stated in the description. The images confirm this with a modern kitchen featuring white shaker cabinets, light countertops, stainless steel appliances, and a black faucet. Bathrooms are also extensively updated with contemporary vanities, fixtures, and tiling. The flooring throughout is modern wood-look plank, and light fixtures are updated. The overall condition appears virtually new with no visible deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.
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 = 7500, living area = 1080.
Exceptional Lakefront Proximity & Village Access: The property boasts an unbeatable location directly across from Big Bear Lake, steps from the water, and just 1/3 mile from the marina and The Village, offering convenient access to dining, shopping, and year-round events.
Panoramic Lake Views: Stunning panoramic lake views are available from the living room and deck, significantly enhancing the property's appeal and overall value.
Turnkey Remodel: Recently and thoughtfully remodeled with updated finishes, including a gorgeous open-concept kitchen, providing a comfortable, stylish, and move-in ready living space.
Strong Investment/Rental Potential: Positioned as a 'high-demand vacation rental' or 'personal getaway,' its prime location and amenities suggest excellent income-generating potential.
Spacious Outdoor Living: The property features a spacious yard and a deck, offering tranquil outdoor spaces ideal for relaxation and enjoying the mountain environment.

Cons

Significant Price Discrepancy: The current list price of $749,000 is substantially higher than the estimated property value of $389,355, which may present challenges in market competitiveness and appraisal.
Older Original Construction: Built in 1966, the property has an older foundation and underlying infrastructure, which, despite recent remodels, could lead to potential age-related maintenance or system updates in the future.
Relatively Smaller Square Footage: At 1080 sqft, the interior living space is on the smaller side for its price point in the Big Bear Lake market, potentially limiting appeal for buyers seeking more expansive accommodations.

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