
Big Bear Lake, California 92315
Analysis of 701 Cove, Big Bear Lake, California 92315 is currently available with a list price of $1,295,000. 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 Big Bear Lake 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 1970, this lakefront cabin is well-maintained but dated. While the flooring has been updated, the bathroom fixtures and overall interior finishes appear to be over 20 years old. It is functional and move-in ready, but requires cosmetic updates and modernization to the kitchen and baths to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7124, living area = 1408.
Situated in a wind-protected cove in Boulder Bay, the property includes a private dock, offering rare and direct deep-water access for boating and lake activities.
Featuring T&G knotty pine ceilings, wood floors, and a river rock fireplace, the home delivers a classic mountain ambiance that is highly desirable for the Big Bear market.
Built in 1970, the property may require ongoing maintenance or modernization of core systems to meet contemporary efficiency and comfort standards.
At approximately $919 per square foot, the property carries a significant premium, which may be a consideration for buyers looking for more interior living space at this price point.
Welcome to your new lakefront getaway in beautiful Big Bear Lake! Nestled on a quiet deep-water, wind protected cove in iconic Boulder Bay, this relaxing and inviting home offers that true, cozy mountain feel you've been looking for. Whether you're enjoying peaceful, framed views of Big Bear Lake from the living room, or enjoying them in the fresh mountain air from the spacious back deck, you'll experience the serenity that mountain lakefront living has to offer. Inviting wood floors, river rock fireplace, and T&G knotty pine ceilings accent the main living space, giving the home that traditional, timeless cabin feel the moment you walk in. There are two living rooms, one upstairs for hanging out, taking in a movie, or lively conversation, and another downstairs, game room style, to play foosball and have fun together. If you're up for an adventure on the lake, walk just steps to your own private dock to take a boat ride, stand-up paddle board at sunrise, or just sip coffee and relax lakeside. Located close to the Big Bear Village, you are just minutes away from shopping and dining, and only a few more minutes to the slopes for skiing or bike riding. After a day on the water or the trails, unwind in the hot tub while taking in the quiet evening air and gazing at the stars. Don't miss out on your chance to make memories with family and friends in this little slice of mountain lake paradise!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,446 | 49% |
| Lot Size | 7,124 | 7,700 | 38% |
| Price | $1.29M | $580.0K | 90% |
| Price per sq ft | $920 | $396 | 98% |
| Built year | 1970 | 1976 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 212 | 1% |
May 28, 2026
$1,295,000
Initial Listing