800 Eureka Drive, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 1 bed, 1 bath

800 Eureka Drive, Big Bear Lake, California 92315 home-pic-0
ACTIVE$388,000
800 Eureka Drive, Big Bear Lake, California 92315
1Bed
1Bath
501Sqft
9,650Lot

Price Vs. Estimate

The estimated value ($367,255.455) is $20,744.545 (5%) lower than the list price ($388,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 9650, living area = 501.
Top Cons:
Limited Square Footage: At only 501 sq ft, the cabin offers minimal interior living space, which may restrict occupancy and appeal to buyers or renters seeking larger accommodations.

Compared to the nearby listings

Price:$388.0K vs avg $637.5K ($-249,450)12%
Size:501 sqft vs avg 1,714 sqft0%
Price/sqft:$774 vs avg $39699%

More Insights

Built in 1950 (75 years old).
Condition: Despite being built in 1950, the property has undergone extensive and recent renovations, bringing it to a virtually new standard. The kitchen features modern white cabinetry, granite countertops, and stainless steel appliances. The bathroom offers a luxurious, spa-like experience with a custom-tiled shower and modern vanity. Throughout the home, there's modern flooring, contemporary light fixtures, and a tankless water heater, indicating a comprehensive update within the last 5 years. The property is truly move-in ready with no deferred maintenance.
Year Built
1950
Close
-
List price
$388K
Original List price
$388K
Price/Sqft
$774
HOA
-
Days on market
-
Sold On
-
MLS number
IG25135923
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood, Trees/Woods
Deck
Spa
ViewMountain(s), Neighborhood, Trees/Woods

About this home

Welcome to your inviting mountain escape! Whether you're looking for a relaxing getaway or a high-performing investment opportunity, this beautifully updated 1-bedroom,1-bathroom cabin sits on a spectacular 9,650 sq ft lot amid mature plants & trees delivering a sense of quiet beauty. With over $71,000 in gross revenue for 2024 and $34,000+ from January through July of this year, this owner-managed short-term rental has an impressive track record of success! Even better, the current owner is offering valuable mentorship during the transition, along with trusted contacts for cleaning, maintenance and insider knowledge to help you hit the ground running. Greeted with an open-concept living area where a stunning stone fireplace creates the ideal cozy centerpiece and soaring ceilings and abundant natural light add to the spacious, airy feel. The kitchen features modern updates including stainless steel appliances and has a seamless flow into the living space—great for whipping up a meal or relaxing after a day of adventure. Enjoy your morning coffee on the inviting composite front deck, surrounded by the natural beauty of pine, manzanita and flowering lilac plants that grace the front yard with color and charm. The generously sized bedroom boasts high ceilings, a pretty wood accent wall and plenty of light, while the bathroom offers a luxurious, spa-like experience with a custom-tiled shower and modern vanity. A tankless water heater and inside washer/dryer provide added convenience for guests and owners alike. Outside, enjoy the expansive fenced backyard with a large rear deck, relaxing spa, BBQ, and outdoor dining area—great for time spent gathering with friends, letting the pets roam and soaking in the mountain serenity this fantastic location delivers. Situated in a peaceful treed location just minutes from local mountain resorts, the National Forest, Big Bear Lake and the Village’s vibrant shops, restaurants and entertainment. Whether you’re a first-time investor or seasoned host, this turnkey property is your opportunity to own a piece of Big Bear’s magic—with the tools & resources for continued success as a thriving short term rental!

Condition Rating
Excellent

Despite being built in 1950, the property has undergone extensive and recent renovations, bringing it to a virtually new standard. The kitchen features modern white cabinetry, granite countertops, and stainless steel appliances. The bathroom offers a luxurious, spa-like experience with a custom-tiled shower and modern vanity. Throughout the home, there's modern flooring, contemporary light fixtures, and a tankless water heater, indicating a comprehensive update within the last 5 years. The property is truly move-in ready with no deferred maintenance.
Pros & Cons

Pros

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 = 9650, living area = 501.
Exceptional Investment Opportunity: The property boasts a proven track record as a high-performing short-term rental, with over $71,000 in gross revenue projected for 2024, complemented by valuable owner mentorship and established contacts for a seamless transition.
Prime Mountain Location: Strategically situated in a peaceful, treed setting just minutes from local mountain resorts, the National Forest, Big Bear Lake, and The Village's vibrant amenities, offering convenient access to recreation and entertainment.
Turnkey & Modern Updates: This beautifully updated cabin features modern kitchen appliances, a luxurious custom-tiled shower, a tankless water heater, and in-unit washer/dryer, ensuring a comfortable and ready-to-use experience for owners and guests.
Abundant Outdoor Living Space: Set on a spectacular 9,650 sq ft lot, the property offers an expansive fenced backyard with multiple decks, a relaxing spa, BBQ, and outdoor dining area, significantly enhancing its appeal and guest experience.
Charming & Inviting Interior: The open-concept living area features soaring ceilings, abundant natural light, and a stunning stone fireplace, creating a cozy and appealing mountain retreat ambiance.

Cons

Limited Square Footage: At only 501 sq ft, the cabin offers minimal interior living space, which may restrict occupancy and appeal to buyers or renters seeking larger accommodations.
Single Bedroom/Bathroom Configuration: The 1-bedroom, 1-bathroom layout limits its suitability for larger families or groups, potentially capping its maximum rental income potential compared to multi-bedroom properties.
Age of Original Structure: Built in 1950, despite extensive updates, the underlying older construction could present long-term maintenance considerations or higher insurance premiums compared to newer builds.

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