410 Oriole Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
ACTIVE$549,900
410 Oriole Drive, Big Bear Lake, California 92315
3Beds
2Baths
1,152Sqft
7,095Lot
Price Vs. Estimate
The estimated value ($488,272.27) is $61,627.73 (11%) lower than the list price ($549,900). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Rental Income & History: The property boasts a strong Airbnb rental history with high occupancy rates, grossing an impressive average of $50,000 annually, making it a highly lucrative investment opportunity.
Top Cons:
Age of Property & Potential for Updates: Built in 1981, the home may require updates to its systems (e.g., HVAC, plumbing, electrical) or aesthetics to meet modern standards and efficiency expectations, which are not explicitly mentioned as having been addressed.
Compared to the nearby listings
Price:$549.9K vs avg $637.5K ($-87,550)35%
Size:1,152 sqft vs avg 1,714 sqft26%
Price/sqft:$477 vs avg $39675%
More Insights
Built in 1981 (44 years old).
Condition: Built in 1981, this property is 43 years old. While it appears well-maintained and 'rental ready' as described, the interior finishes, particularly the kitchen with its older white cabinets and appliances, textured ceilings, and varied flooring (laminate, carpet, older tile), indicate that it has not undergone a major, comprehensive renovation in recent years. The style and features are functional but outdated, aligning with a property that is aged but maintained through regular upkeep rather than extensive modern updates.
Year Built
1981
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$477
HOA
-
Days on market
-
Sold On
-
MLS number
PW25121227
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
Deck
ViewMountain(s), Neighborhood
About this home
Nestled in the heart of the mountains this charming 3 bedroom 2 bath home makes the ideal getaway and a lucrative short term rental. Set on a spacious lot, the property provides ample outdoor space for relaxation and recreation. Surrounded by the towering pines, it comes fully furnished and is rental ready with a strong Airbnb rental history and high occupancy rates, this property is grossing an average of $50,000 annually! Located just minutes from the ski resorts, lake and downtown village it is the perfect combination of seclusion and accessibility. Whether you are looking to expand your investment portfolio or own your own mountain escape, don't miss this opportunity!
Condition Rating
Fair
Built in 1981, this property is 43 years old. While it appears well-maintained and 'rental ready' as described, the interior finishes, particularly the kitchen with its older white cabinets and appliances, textured ceilings, and varied flooring (laminate, carpet, older tile), indicate that it has not undergone a major, comprehensive renovation in recent years. The style and features are functional but outdated, aligning with a property that is aged but maintained through regular upkeep rather than extensive modern updates.
Pros & Cons
Pros
Exceptional Rental Income & History: The property boasts a strong Airbnb rental history with high occupancy rates, grossing an impressive average of $50,000 annually, making it a highly lucrative investment opportunity.
Prime Recreational Location: Strategically located just minutes from Big Bear's ski resorts, the lake, and downtown village, offering unparalleled accessibility to key attractions for both personal enjoyment and rental guests.
Turnkey & Fully Furnished: Offered fully furnished and rental-ready, significantly reducing initial setup costs and effort for a new owner, allowing for immediate income generation.
Desirable Mountain Setting & Views: Nestled amidst towering pines in the heart of the mountains, providing a charming, secluded atmosphere with mountain and neighborhood views, ideal for a getaway.
Ample Outdoor Space: Set on a spacious 7,095 sqft lot, the property offers generous outdoor space for relaxation and recreation, enhancing its appeal as a mountain retreat.
Cons
Age of Property & Potential for Updates: Built in 1981, the home may require updates to its systems (e.g., HVAC, plumbing, electrical) or aesthetics to meet modern standards and efficiency expectations, which are not explicitly mentioned as having been addressed.
Modest Interior Square Footage: With 1,152 sqft for 3 bedrooms, the interior living space is relatively compact, which might limit appeal for larger families or those seeking more expansive living areas for longer stays.
Reliance on Rental Market: While a strength for investors, the property's value proposition heavily relies on its proven short-term rental income, which could be susceptible to market fluctuations, regulatory changes, or increased competition in the Big Bear area.