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788 Silver Tip Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 3 bath

788 Silver Tip Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$599,000
788 Silver Tip Drive, Big Bear Lake, California 92315
3Beds
3Baths
1,740Sqft
6,060Lot

Price Vs. Estimate

The estimated value ($599,000) is $0 (0%) lower than the list price ($599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Views: The property boasts stunning south-facing ski slope views and is located just minutes from Bear Mountain Resort, offering immediate access to skiing, hiking, golf, and Big Bear Lake attractions.
Top Cons:
Pricing Strategy & Market Value: The property has undergone multiple significant price reductions from its original list price and is currently listed approximately 4.86% above its estimated market value, suggesting potential overpricing or market resistance.

Compared to the nearby listings

Price:$599.0K vs avg $637.5K ($-38,450)44%
Size:1,740 sqft vs avg 1,734 sqft50%
Price/sqft:$344 vs avg $39524%

More Insights

Built in 1981 (44 years old).
Condition: Built in 1981, this chalet is well-maintained with charming rustic aesthetics and updated LVP flooring throughout. However, the kitchen features dated wood cabinets, laminate-style countertops, and older white appliances. The bathrooms are also basic and dated with older vanities and fixtures. The presence of a wall-mounted heater suggests an older HVAC system. While functional and livable, the property requires minor updates to the kitchen and bathrooms to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Year Built
1981
Close
-
List price
$599K
Original List price
$674K
Price/Sqft
$344
HOA
-
Days on market
-
Sold On
-
MLS number
IG25132089
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
Spa
ViewMountain(s), Neighborhood, Trees/Woods

About this home

Beautiful log-sided Chalet with ski slope views! ~ This charming mountain home offers the perfect blend of rustic elegance and modern comfort ~ Located just minutes from Bear Mountain Resort, this three bedroom, three bathroom chalet is situated on a spacious lot with ample parking and stunning south-facing views of the ski slopes ~ The living room features inviting wood interior accents and vaulted wood-beamed ceilings, abundant natural light, and a cozy corner fireplace ~ The multilevel decking provides ideal outdoor living space, complete with a new spa for soaking under the stars ~ Two of the bedrooms are en-suite, making this home well-suited for full-time living, a weekend retreat, or continued success as a proven vacation rental ~ The layout is ideal for entertaining and offers flexibility for families, couples, groups and even pets, offering a fenced yard ~ Minutes from skiing, hiking, golf, the zoo, and Big Bear Lake ~ Enjoy the fresh mountain air, slower pace of life, and close proximity to all that Big Bear has to offer ~ Enjoy the luxury of top-notch amenities ~ Don't miss your opportunity to create memories that last a lifetime.

Nearby schools

4/10
Baldwin Lane Elementary School
Public,•K-6•1.9mi
2/10
Big Bear Elementary School
Public,•K-6•2.7mi
3/10
Big Bear Middle School
Public,•7-8•2.3mi
6/10
Big Bear High School
Public,•9-12•2.2mi
Condition Rating
Fair
Built in 1981, this chalet is well-maintained with charming rustic aesthetics and updated LVP flooring throughout. However, the kitchen features dated wood cabinets, laminate-style countertops, and older white appliances. The bathrooms are also basic and dated with older vanities and fixtures. The presence of a wall-mounted heater suggests an older HVAC system. While functional and livable, the property requires minor updates to the kitchen and bathrooms to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Location & Views: The property boasts stunning south-facing ski slope views and is located just minutes from Bear Mountain Resort, offering immediate access to skiing, hiking, golf, and Big Bear Lake attractions.
Charming Mountain Aesthetic: Featuring a log-sided Chalet design with rustic elegance, wood interior accents, vaulted wood-beamed ceilings, and a cozy fireplace, it perfectly embodies the desirable mountain home appeal.
Excellent Income Potential: With a proven track record as a successful vacation rental, a flexible layout including two en-suite bedrooms, and a pet-friendly fenced yard, it offers strong potential for rental income.
Enhanced Outdoor Living: Multilevel decking and a new spa provide exceptional outdoor space for relaxation, entertainment, and enjoying the mountain air, adding significant value and appeal.
Functional & Flexible Layout: The 3-bedroom, 3-bathroom configuration with two en-suites is ideal for entertaining and offers versatility for full-time living, weekend retreats, or accommodating families and groups.

Cons

Pricing Strategy & Market Value: The property has undergone multiple significant price reductions from its original list price and is currently listed approximately 4.86% above its estimated market value, suggesting potential overpricing or market resistance.
Age of Property: Built in 1981, the property is over 40 years old, which may lead to higher maintenance costs or the need for updates to core systems (e.g., HVAC, plumbing, electrical) not explicitly mentioned as modernized.
Subpar School Ratings: Local elementary and middle schools have relatively low ratings (2, 3, and 4 out of 10), which could be a deterrent for potential buyers with school-aged children seeking full-time residency.

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