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808 Penninsula Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

808 Penninsula Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$1,199,000
808 Penninsula Lane, Big Bear Lake, California 92315
3Beds
2Baths
1,000Sqft
2,892Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Unbeatable Lakefront Access & Views: Direct lakefront property with a private dock, offering expansive sunset views of Boulder Bay, the lake, and forest from multiple vantage points, including bedrooms.
Top Cons:
Compact Square Footage: At 1000 sqft, the property might be considered compact for a luxury lakefront chalet, potentially limiting space for larger gatherings or extended stays.

Compared to the nearby listings

Price:$1.20M vs avg $640.0K (+$559,050)87%
Size:1,000 sqft vs avg 1,714 sqft19%
Price/sqft:$1.2K vs avg $396100%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new. The description highlights a 'Gourmet Kitchen Fully Equipped' and the images confirm modern, high-end stainless steel appliances, contemporary cabinetry, and stylish finishes in both the main kitchen and the kitchenette. Bathrooms feature new vanities, tiled showers, and modern fixtures. Throughout the home, there are new hardwood floors, recessed lighting, and updated systems including central air, gas heat, and a water conditioner. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Year Built
2024
Close
-
List price
$1.2M
Original List price
$1.4M
Price/Sqft
$1,199
HOA
-
Days on market
-
Sold On
-
MLS number
PW25215613
Home ConditionExcellent
Features
Excellent View: Lake
Deck
Spa
Patio
ViewLake

About this home

"2024" Multi-Level, Lakefront Chalet With Your Own Private Dock! Perfect Location on Boulder Bay With Expansive Sunset Views of the Lake and Forest Beyond! Wrap-Around Balcony to Enjoy The Fresh Air With Your Favorite View and Beverage! Gourmet Kitchen Fully Equipped for the Culinary Enthusiast Requiring A View! Nice Open Concept Living and Dining Rooms With A Cozy Wood-Burning Fireplace! Convenient Inside Laundry! Beautiful Cozy Bedrooms With More Million Dollar Views! Boasts a 1 Car Garage With an Electric Car Outlet, Overhead Storage and Direct Access! Remote Heated Driveway and Heated Guest Parking Spot! Dockside Sand Beach Patio With A Fire Pit, Perfect for Relaxation, S'mores, and Sunset Views After A Day On The Water! One Level Up and You Can Slip Into Your Lakeview Hot Tub! Central Air, Gas Heat And Water Conditioner! 1st Floor Bedroom, Bath, Living Room and Kitchenette With More Fabulous Views! (Could be used separately). Heavily Booked Short-Term Rental When The Owners Aren't Using or Improving! Big Bear Lake offers diverse attractions including winter sports at ski resorts, year-round family fun at the Alpine Slide and Magic Mountain Recreation Area, water activities like fishing and boating on the lake, hiking scenic trails, visiting the Big Bear Alpine Zoo, and exploring The Village at Big Bear Lake for shopping and dining.

Nearby schools

2/10
Big Bear Elementary School
Public,•K-6•2.5mi
3/10
Big Bear Middle School
Public,•7-8•3.0mi
6/10
Big Bear High School
Public,•9-12•7.3mi
Condition Rating
Excellent
This property was built in 2024, making it brand new. The description highlights a 'Gourmet Kitchen Fully Equipped' and the images confirm modern, high-end stainless steel appliances, contemporary cabinetry, and stylish finishes in both the main kitchen and the kitchenette. Bathrooms feature new vanities, tiled showers, and modern fixtures. Throughout the home, there are new hardwood floors, recessed lighting, and updated systems including central air, gas heat, and a water conditioner. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

Unbeatable Lakefront Access & Views: Direct lakefront property with a private dock, offering expansive sunset views of Boulder Bay, the lake, and forest from multiple vantage points, including bedrooms.
Brand New Construction (2024) with Premium Features: A newly built chalet (2024) equipped with modern comforts like central air, gas heat, water conditioner, and a fully equipped gourmet kitchen.
Luxurious Outdoor Entertainment Spaces: Features a wrap-around balcony, a dockside sand beach patio with a fire pit, and a lakeview hot tub, perfect for relaxation and entertaining.
Strong Short-Term Rental Income Potential: Currently a heavily booked short-term rental, indicating significant income-generating capability for investors.
Advanced Convenience & Accessibility: Includes a remote heated driveway, heated guest parking, a 1-car garage with an electric car outlet, and a versatile 1st-floor suite with a kitchenette for separate use.

Cons

Compact Square Footage: At 1000 sqft, the property might be considered compact for a luxury lakefront chalet, potentially limiting space for larger gatherings or extended stays.
Significant Price Reductions: The property has undergone multiple price drops from an original list price of $1.395M to $1.199M, which could suggest overpricing or market resistance.
Low-Rated Local Schools: The elementary and middle schools in the district have low ratings (2 and 3 respectively), which could be a deterrent for buyers with school-aged children.

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