740 Cove Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
740 Cove Drive
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 740 Cove Drive, Big Bear Lake, California 92315 reveals a property with a current list price of $675,000, which is 5% above the estimated $638,977 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 Cove Drive Subject | $675,000* List Price | 3 | 2 | 1,408 | $454 | - |
A 39392 Willow Landing Road Sold | $549,000 | 4 | 2 | 1,440 | $381 | 0.9 mi |
B 39241 Willow Landing Road Sold | $515,000 | 3 | 2 | 1,406 | $366 | 0.8 mi |
C 610 Cove Drive Sold | $700,000 | 2 | 3 | 1,936 | $362 | 0.1 mi |
D 39161 Buckthorn Active | $559,000 List Price | 3 | 2 | 1,226 | $456 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates that elevate it above its 1969 build date. The kitchen has been renovated with high-quality materials including granite countertops, stainless steel appliances, and a custom live-edge bar. The interior maintains a well-preserved 'modern rustic' aesthetic with tongue-and-groove walls and exposed beams. While the infrastructure is older, the home appears well-maintained with updated fixtures and a functional outdoor spa, fitting the criteria for a property that has been extensively renovated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1408.
- Modern Rustic Aesthetic
The interior features a perfect blend of mountain charm and modern luxury, including exposed beams, tongue-and-groove ceilings, and a high-end kitchen with granite countertops and a custom live-edge bar.
- Expansive Private Lot
Situated on a rare 11,000 sq ft lot, the property offers exceptional outdoor living with a seasonal creek, natural boulder features, a large deck, and a private spa.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Lake Views
The lake views are characterized as 'peek-a-boo,' which may be a drawback for buyers seeking unobstructed or panoramic water vistas at this price point.
- Vintage Infrastructure
Originally built in 1969, the home may require more intensive maintenance or updates to older structural and mechanical systems compared to newer mountain constructions.
About 740 Cove Drive
Nestled on a peaceful, tree-lined street, this charming 2-bedroom, 2-bathroom home sits on an impressive 11,000 sq ft lot, offering the perfect blend of comfort, natural beauty, and space to roam. An optional 3rd bedroom or den provides the flexibility to suit your lifestyle. Step inside, and you’ll be captivated by the warmth of the living room, featuring a stunning fireplace framed by exposed beams and tongue-and-groove ceilings and walls that evoke a rustic yet refined charm. The open-concept kitchen- boasting sleek granite countertops, stainless steel appliances, and a custom live edge bar top that’s as functional as it is striking—a perfect spot for casual dining or entertaining. Large windows flood the home with natural light, showcasing picturesque peek-a-boo lake views and the lush greenery of the expansive, well-treed lot. Outside, the spacious deck invites you to sip your morning coffee while listening to the gentle babble of a seasonal creek winding through the boulders and pines. And when the day winds down, unwind in the outdoor spa under a canopy of stars—it’s your own oasis. A 2 car detached garage- extra space for entertaining, storage, or man cave. All of this is set in a serene location that feels worlds away, yet close enough to everyday conveniences. This is more than a home—it’s a lifestyle. Don’t miss the chance to experience this slice of tranquility firsthand—schedule a visit today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 11,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,408 | 1,716 | 40% |
| Lot Size | 11,000 | 8,182 | 70% |
| Price | $675.0K | $650.0K | 55% |
| Price per sq ft | $479 | $393 | 76% |
| Built year | 1969 | 1977 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 215 | 1% |
Pricing History
Listed for Sale
Feb 21, 2026
$675,000
Initial Listing
Sold
Oct 11, 2018
$451,000
Public Record
Sold
Nov 15, 2013
$375,000
Public Record