
Big Bear Lake, California 92315
This property presents a High-Potential Investment Opportunity with a List Price of $549,900—positioned well below the $544,452 Fair Market Value (Note: Market is currently priced at parity). Featuring a Condition Rating of 4, the home offers significant upside through cosmetic modernization of its 1980s interior. The 10,336 sqft lot, ski slope views, and large build-up area provide rare value-add potential for expansion. Located in the Bear Valley Unified district, this is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 696 Menlo Drive Subject | $549,900* List Price | 3 | 3 | 1,588 | $343 | - |
A 43555 Colusa Sold | $590,000 | 3 | 2 | 1,704 | $346 | 0.7 mi |
B 901 Tehama Sold | $500,000 | 3 | 3 | 1,574 | $318 | 0.3 mi |
C 43213 Sand Canyon Road Sold | $449,000 | 3 | 2 | 1,408 | $319 | 0.4 mi |
D 42698 Fox Farm Sold | $517,000 | 3 | 2 | 1,280 | $404 | 0.9 mi |
E 1218 Siskiyou Drive Sold | $580,000 | 2 | 2 | 1,614 | $359 | 0.7 mi |
F 43215 Sunset Sold | $430,000 | 2 | 2 | 1,260 | $341 | 0.2 mi |
G 758 Elm Street Sold | $520,000 | 4 | 3 | 1,846 | $282 | 0.8 mi |
H 43073 Grizzly Active Under Contract | $425,000 List Price | 3 | 2 | 1,313 | $324 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is 40 years old and retains most of its original finishes. The interior features dated carpeting, 80s-style bathroom vanities with cultured marble tops, and brass fixtures. While the exterior deck is newer and the structure appears sound, the home requires significant cosmetic updates to the kitchen, baths, and flooring to meet modern standards.
Situated in the desirable Moonridge area, the property offers proximity to world-class skiing and hiking, complemented by views of the ski slopes and partial lake views.
The oversized 10,000+ sqft lot provides rare privacy and a level entry with a large parking pad for 3-4 vehicles, a significant advantage for mountain living.
Features a large build-up area below the main level and an open floor plan, offering significant upside for expansion or customization to increase equity.
The home is in need of cosmetic updates throughout to modernize the 1980s aesthetic and maximize its market appeal.
Built in 1984, the property may require investments in original systems or structural maintenance common in older alpine residences.
Nestled on a generous, tree-lined lot of over 10,000 square feet, this beautiful 3-bedroom, 2.5-bathroom retreat perfectly captures the classic Big Bear lifestyle. The journey inside begins with a level entry from a huge parking pad that comfortably accommodates three to four cars, making arrivals seamless in any season. The oversized lot is wrapped in mature trees, providing that highly sought-after "cabin in the woods" privacy while keeping you just minutes away from world-class skiing, hiking trails, golf course and Moonridge Zoo. Fantastic views of both ski slopes and partial lakeviews in the distance. Inside, the 1,588-square-foot home boasts the perfect mountain floor plan, offering an exceptional foundation to bring your own design ideas to life. While the interior is ready for some cosmetic updating, the bones and layout are exactly what buyers look for in an alpine getaway. The open-concept living area is framed by peaceful territorial views and centers around a cozy fireplace, creating an incredibly inviting space to warm up and unwind after a day out on the slopes or the water. Step outside onto the newer upper deck, an ideal sanctuary for entertaining, BBQing, or simply soaking in the crisp mountain air and tall pines. For those looking to add even more value, the property features a large build-up area below the home ripe for future expansion, whether you want to create a game room, workshop, or extra living quarters. This is a rare opportunity to customize a classic mountain home with incredible upside, great parking, and a premium lot. Price to sell.
No exterior & parking available.
Grades K-6 • 1.8 mi
Grades K-6 • 2.8 mi
Grades 7-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,588 | 1,300 |
| Lot Size | 10,336 | 7,350 |
| Price | $549.9K | $600.7K |
| Price per sq ft | $346 | $413 |
| Built year | 1984 | 1968 |
| HOA | $0 | $1.2K |
| Days on market | 0 | 85 |
Jun 22, 2026
$549,900
Initial Listing