446 Shady, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 3 bath
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Big Bear Lake, California 92315
This Expandable Custom Mountain Retreat is a Strategic Value-Add Asset listed at $699,000, positioned near its $674,923 Fair Market Value. While the current price reflects market stability, the property offers massive upside through a private 400 sq. ft. Guest Suite and an Unfinished Lower Level providing significant expansion potential. Featuring Panoramic Mountain Views, an Elevated Deck, and a Condition Rating of 3, this 2004 build provides immediate utility within the Bear Valley Unified district. It is perfectly suited for Vacation Rental Investors or Owner-Occupants looking to build significant future equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 446 Shady Subject | $669,000* List Price | 4 | 3 | 1,508 | $439 | - |
A 40224 Mahanoy Sold | $590,000 | 3 | 2 | 1,398 | $422 | 0.4 mi |
B 39298 Willow Landing Road Sold | $680,000 | 4 | 2 | 1,834 | $371 | 0.9 mi |
C 39933 Deer Active | $629,000 List Price | 3 | 2 | 1,520 | $414 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this custom home is move-in ready and meticulously maintained. While the kitchen and bathrooms feature original finishes such as tile countertops and white appliances that are dated by modern standards, the overall condition is excellent for its age. The property shows minimal wear, features high-quality architectural elements like vaulted wood-beam ceilings, and requires no immediate renovations for occupancy.
The property includes a large unfinished lower level and a separate 400 sq. ft. guest suite, offering a rare opportunity to expand living space and build immediate equity.
An expansive elevated deck captures sweeping, unobstructed views of the National Forest and surrounding hills, a high-demand feature for mountain retreats.
Built in 2004, the home features contemporary mountain architecture, including soaring vaulted ceilings and an open-concept layout that outclasses older area cabins.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1508, other record living area = 1228. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With four bedrooms configured within 1,508 square feet, the individual room sizes and primary living areas may feel restrictive for larger groups.
Realizing the property's full potential requires a significant secondary investment and permitting process to finish the lower-level bonus space.
INVESTOR & VALUE-ADD OPPORTUNITY — EXPANDABLE MOUNTAIN RETREAT Meticulously maintained custom-built home (2004) offering alpine charm, panoramic views, and exceptional expansion potential. The main level features 4 bedrooms, 3 baths, soaring vaulted ceilings with exposed beams, and an open-concept living area filled with natural light. The expansive elevated deck captures sweeping views of surrounding hills and National Forest — perfect for year-round enjoyment. A private ~400 sq. ft. guest suite with separate exterior entrance offers flexibility for multi-generational living or income potential. BONUS: The lower level includes an unfinished space approximately equal in size to the main living area — providing incredible value-add opportunity. Ideal for future expansion into additional bedrooms, a game room, home theater, gym, second living unit (buyer to verify), or creative custom design. Whether you’re seeking a primary residence, vacation home, or high-upside investment, this property delivers immediate enjoyment with room to grow. Now attractively positioned — rare chance to secure space, views, and future equity in Big Bear Lake.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,508 | 1,488 | 51% |
| Lot Size | 4,694 | 8,000 | 10% |
| Price | $669.0K | $590.0K | 60% |
| Price per sq ft | $444 | $398 | 67% |
| Built year | 2004 | 1976 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 213 | 11% |
Mar 11, 2026
$669,000
$699,000
-4% Price Drop
Initial Listing
Feb 21, 2026
$699,000
$739,000
-5% Price Drop
Initial Listing
Jan 23, 2026
$739,000
Initial Listing
Apr 7, 2022
$630,000
Public Record
Jul 28, 2004
$312,500
Public Record
Oct 22, 2002
$20,000
Public Record