41505 Alder Drive, Forest Falls, California 92339, Forest Falls, 92339 - 9 bed, 4 bath
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Forest Falls, California 92339
Analysis of 41505 Alder Drive, Forest Falls, California 92339 is currently available with a list price of $698,730. 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 Forest Falls 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.
Property is moderate renovation needed.
Built in 1990, this property is 34 years old. While it appears well-maintained and functional, many key areas, particularly the kitchens and bathrooms, show significant signs of being outdated. The main kitchen features rustic wood cabinets, wood countertops, and older white appliances. The bathrooms are very basic with pedestal sinks and simple shower stalls, lacking modern updates. While some areas have newer LVP flooring and recessed lighting, other areas retain older wide plank wood flooring and traditional light fixtures, indicating piecemeal updates rather than a comprehensive renovation. The overall aesthetic is rustic and dated, suggesting that while livable, it would require minor to moderate updates to meet current quality and style standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 77972, living area = 4760.
Tailored for retreats, workshops, or communal living with two full kitchens, multiple meeting spaces, and versatile rooms, offering significant income or multi-family potential.
Boasting 4760 sqft across three stories with 6 bedrooms, 3 flex rooms, and 4 bathrooms, providing ample capacity for large groups or extended family.
Its high-elevation mountain setting in Forest Falls may present accessibility challenges, especially during winter months, and implies limited immediate access to urban amenities and services.
Built in 1990, the property's systems and interior finishes are over 30 years old, which could necessitate future updates or maintenance to meet modern standards or preferences.
The property's specialized design for multi-use retreats or communal living targets a specific buyer demographic, potentially leading to a smaller buyer pool and longer market time compared to conventional homes.
MAJOR PRICE REDUCTION!! Nestled in the San Bernardino Mountains at an elevation of about 5700 ft, is not just a property—it’s a lifestyle and a sanctuary. 4760 sf across three stories, this extraordinary 6 bedrooms, 3 flex rooms , 4-bathrooms estate offers a rare blend of versatility, seclusion, and natural splendor, making it an unrivaled opportunity for buyers seeking a multi-use retreat, family compound, or investment gem. Built in 1990, this 3-story residence is a masterpiece of thoughtful design. 8 parcels totaling 1.7 acres The MAIN FLOOR is the heart of the home, featuring a full kitchen equipped with a dishwasher and propane stove, a cozy fireplace with a stonewall backdrop, two bathrooms and a spacious meeting room perfect for gatherings, retreats, or creative pursuits. The LOWER LEVEL, offers a vast open space with 3 multi-purpose rooms for sleeping, recreation, or meditation. The TOP FLOOR dazzles with an open meeting area, 3 bedrooms, a bathroom, a secondary kitchen area with a propane stove, ensuring self-sufficiency for extended stays or multi-family living. With two kitchens and multiple conference spaces, this property is tailor-made for retreats, workshops, or communal living. One hr from Big Bear. SEE 3D VIDEO TOUR
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 4,760 | 1,459.5 | 94% |
| Lot Size | 77,972.398 | 11,650 | 94% |
| Price | $698.7K | $384.8K | 83% |
| Price per sq ft | $147 | $253 | 6% |
| Built year | 1990 | 1951 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 363 | 242 | 89% |
Oct 18, 2025
$698,730
$700,000
+0% Price Increase
Initial Listing
Sep 15, 2025
$700,000
$775,000
-10% Price Drop
Initial Listing
Aug 2, 2025
$775,000
Initial Listing
Apr 24, 2025
$875,000
Initial Listing