40670 Big Bear 203, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 3 bath
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Big Bear Lake, California 92315
This Lakefront Condominium with Private Dock is listed at $699,000, closely tracking its $670,981 Fair Market Value given the rare inclusion of a private dock and Panoramic Lake Views. Currently holding a Fair Condition Rating, the interior provides a solid foundation for value-add renovations to the kitchen and baths. The unique Private Studio Suite with a kitchenette offers a distinct income-generating advantage or guest privacy. Situated within the Bear Valley Unified district, this property is a strategic acquisition for Owner-Occupants or Short-Term Rental Investors.
Property is moderate renovation needed.
The property, built in 1982, is generally well-maintained with fresh paint, updated stainless steel kitchen appliances, and newer laminate flooring in the main living areas. However, the kitchen features original-style oak cabinets and dated tiled countertops and backsplash. All bathrooms are significantly outdated with original-looking vanities, tiled countertops, and 80s/90s style tubs/showers with gold frames and peach/brown fixtures. While functional, these areas require substantial aesthetic updates to meet current standards, placing it in the 'Fair' category.
The property boasts a highly desirable lakefront location with breathtaking lake views from every level, offering a quintessential Big Bear Lake experience.
A significant advantage is the effortless lake access with a private dock included in the HOA fees, a premium amenity for lake enthusiasts.
The versatile private studio suite with its own kitchenette, bathroom, and patio presents an excellent opportunity for rental income or accommodating guests.
The $690 monthly association fee is a considerable ongoing expense that potential buyers must factor into their budget.
As a condominium, the property comes with shared walls, potential noise transfer, and adherence to HOA rules and regulations, which may limit personal modifications or privacy compared to a single-family home.
While described as 'beautifully maintained,' the 1982 construction year suggests that major systems (e.g., plumbing, electrical, HVAC) may be original or nearing the end of their lifespan, potentially requiring future capital expenditures.
Welcome to your dream lakefront retreat in the heart of Big Bear Lake! Discover this stunning 3-bedroom, 3-bath “Forest Shores” condo, offering the perfect blend of luxury, comfort, and value. Enjoy all the perks of lakefront living—without the lakefront price tag. Step inside to breathtaking lake views from every level of this beautifully maintained home. The open-concept main living area is ideal for entertaining, flowing seamlessly to a spacious patio where you can relax and take in the tranquil waterside scenery. This versatile layout features two bedrooms and two bathrooms in the main residence, providing plenty of comfort and privacy for family and guests. The private studio suite includes its own kitchenette, bathroom, and patio—perfect for hosting visitors or generating rental income. Enjoy effortless lake access with a dock included in your HOA fees. Whether you’re searching for an investment opportunity or the ultimate vacation getaway, this lakefront condo has it all. Don’t miss this rare chance to experience Big Bear Lakefront living at its finest! Information deemed reliable but not guaranteed. Buyer and buyer’s agent to verify all details.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 80% |
| Baths | 3.0 | 2.0 | 70% |
| Square foot | 1,880 | 1,214 | 90% |
| Lot Size | 1,500 | 690 | 70% |
| Price | $699.0K | $387.5K | 90% |
| Price per sq ft | $372 | $357 | 70% |
| Built year | 1982 | 1981 | 60% |
| HOA | $690.0 | $455 | 80% |
| Days on market | 175 | 316 | 30% |
Mar 17, 2026
$699,000
$739,000
-5% Price Drop
Initial Listing
Jan 8, 2026
$739,000
$749,000
-1% Price Drop
Initial Listing
Oct 30, 2025
$749,000
Initial Listing