512 Vista Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath
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Big Bear Lake, California 92315
This Dual-Unit Mountain Property presents a High-Potential Investment Opportunity, currently listed at $399,800. With an estimated market value of $210,828, this property is priced above current market valuations, requiring a strategic approach to justify the premium. Featuring a Condition Rating of 4, the home offers a functional layout with Mountain Views and a Private Deck. The dual-living configuration provides significant flexibility for rental income. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants seeking a versatile mountain retreat with value-add potential.
Property is moderate renovation needed.
Built in 1977, the property is well-maintained and functional, but the kitchens and bathrooms show signs of being outdated. The light wood cabinets and laminate countertops in the kitchens, along with the older style vanities and tiled floors in the bathrooms, suggest renovations that are likely 15-30 years old. While move-in ready, it would benefit from cosmetic updates to meet current aesthetic standards.
The property features two separate living spaces with independent entrances and kitchens, offering excellent flexibility for rental income, multi-generational living, or a dedicated guest suite.
Strategically located minutes from Big Bear Lake, the Village, and Boulder Bay, providing unparalleled convenience for recreation and amenities.
The main-level unit offers stunning mountain views, enhancing the property's aesthetic appeal and desirability.
The listing price of $399,800 is substantially higher than the estimated property value of $210,828, indicating potential overpricing or a need for a detailed appraisal justification.
Built in 1977, the property's age suggests that systems, finishes, or overall condition may require updates or maintenance, which is not explicitly addressed in the description.
With a lot size of 3,000 sqft, the property offers minimal outdoor space, which might be a drawback for buyers seeking larger yards or expansion potential in a mountain setting.
Discover the perfect blend of versatility and mountain charm with this exceptional property. Featuring two separate living spaces, this home offers endless possibilities for investors, vacationers, or those seeking a serene retreat. The main-level primary unit boasts breathtaking mountain views, creating a cozy and inviting atmosphere. The downstairs unit, complete with its own private entrance and kitchen, is ideal as an “in-law” suite or an additional rental opportunity. Enjoy the flexibility of renting each unit separately or together, maximizing your investment potential. Nestled in a prime location near the heart of Big Bear, this property provides unparalleled convenience. You’ll be just minutes away from the lake, the vibrant village, and the picturesque Boulder Bay, making it a haven for outdoor enthusiasts and nature lovers alike. Whether you’re a seasoned investor or looking for your dream mountain getaway, this home is a rare gem in the Big Bear market!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,350 | 1,300 |
| Lot Size | 3,000 | 7,350 |
| Price | $399.8K | $600.7K |
| Price per sq ft | $296 | $413 |
| Built year | 1977 | 1968 |
| HOA | $0 | $1.2K |
| Days on market | 593 | 85 |
Dec 6, 2024
$399,800
Initial Listing