723 Summit 1, Big Bear, California 92315, Big Bear, 92315 - 2 bed, 2 bath
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723 Summit 1
Big Bear, California 92315
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,358Sq Ft
0Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$398,123
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well above the $398,124 Fair Market Value by -6%. While the property requires modernization due to its Fair Condition Rating, its prime location steps from Snow Summit and low $100 HOA fees drive significant rental demand. The 1,358 sq ft layout with bonus lofts offers excellent value-add potential for those seeking to modernize the interior. This is a strategic acquisition ideal for Buy-and-Hold Investors or vacation rental operators targeting the Big Bear resort market.
Estimated Market Value
$398,123
Based on Realkey algorithm analyzing recent comparable sales in Big Bear.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 723 Summit 1 Subject | $425,000* List Price | 2 | 2 | 1,358 | $293 | - |
A 861 Thrush Active | $399,900 List Price | 2 | 2 | 1,088 | $368 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1986, this 38-year-old property appears to be in original condition. The kitchen and bathrooms feature dated oak cabinetry, tile countertops with wide grout lines, and older appliances. While the unit is well-maintained and functional as a 'classic' mountain retreat, the interior finishes, including the carpet and wallpaper borders, are significantly dated and require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Resort Proximity
Located just steps from Snow Summit, this property offers an unbeatable walk-to-the-lifts location, making it a premier choice for ski enthusiasts and high-demand vacation rentals.
- Exceptional HOA Value
At only $100 per month, the association fees are among the lowest in the Big Bear area, significantly reducing monthly carrying costs and increasing overall investment yield.
- Versatile Living Space
The 1,358 sq ft layout features soaring vaulted ceilings and bonus loft spaces, providing excellent flexibility for additional sleeping capacity or storage beyond the two formal bedrooms.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 1986 and characterized as a 'classic' getaway, the property may require cosmetic or system updates to compete with newer or fully renovated units in the market.
- Formal Bedroom Count
Despite the large square footage and lofts, the unit is officially a two-bedroom, which may limit financing options or appeal for buyers requiring more private, enclosed sleeping rooms.
About 723 Summit 1
Welcome to an incredible opportunity on Summit Blvd—just steps from Snow Summit! This spacious 2-bedroom, 2-bath condo offers 1,358 sq ft of comfortable mountain living with soaring vaulted ceilings, an open-concept layout, and plenty of room to gather after a day on the slopes. Bonus loft spaces add valuable flexibility for additional sleeping, storage, or a cozy retreat. Enjoy the warmth and character of a classic mountain getaway, along with some of the lowest HOA dues you’ll find in Big Bear. Whether you’re searching for a personal escape, vacation rental, or year-round home, this condo delivers space, value, and an unbeatable walk-to-the-lifts location. Come experience mountain living right at the base of Snow Summit!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $100.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Sep 3, 2026
$425,000
Initial Listing
Sold
Jun 13, 2014
$207,000
Public Record