723 Summit Boulevard, Big Bear Lake, California 92315, Big Bear Lake, - bed, bath

home-pic
ACTIVE$445,000
723 Summit Boulevard, Big Bear Lake, California 92315
2Beds
2Baths
1,358Sqft
1,977Lot
Year Built
1986
Close
-
List price
$445K
Original List price
$475K
Price/Sqft
-
HOA
$100
Days on market
-
Sold On
-
MLS number
IG25061100
Home ConditionGood
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Welcome to this rare condo for sale on Summit Blvd—an updated, turn-key 2-bed, 2-bath retreat just steps from the slopes. With 1,358 sq ft of thoughtfully designed space, this mountain escape has been well-loved and successfully used as a vacation rental. Enjoy modern upgrades throughout, including a brand-new heating unit and a recently replaced roof for year-round comfort. The open-concept living space is perfect for après-ski evenings, while vaulted ceilings and two spacious bedrooms create a relaxing vibe. Bonus lofts in each bedroom add flexibility—the primary loft is great for storage, and the second bedroom's loft fits an extra bed with ladder access. Sleeping arrangements include a futon in the primary (sleeps 4), a bed plus loft in the second bedroom (sleeps 4), and a pull-out couch in the living room (sleeps 2). Though property management caps sleeping at 6, a private owner could sleep up to 10. The condo can be furnished. Just a short walk to the lifts at Summit Ski Area, this location is unbeatable for both personal getaways and income-producing rentals. A rare opportunity to own a slice of Big Bear mountain magic!

Price History

Date
Event
Price
10/17/25
Price Change
$445,000-1.1%
08/13/25
Price Change
$450,000
03/20/25
Listing
$475,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (13 Listings)
Beds22
50%
Baths23
43%
Square foot1,3581,390
43%
Lot Size1,977828
86%
Price$445K$447K
50%
Price per square foot$328$361
36%
Built year19869910992
71%
HOA$100$628
7%
Days on market230237
43%
Condition Rating
Good

This property is move-in ready and described as 'turn-key' with 'modern upgrades throughout,' including a brand-new heating unit and a recently replaced roof. The flooring (laminate and carpet) appears updated and in good condition. While the kitchen features clean, stainless steel appliances, the tile countertops are dated in style. Similarly, the bathroom vanity and light fixtures are functional and well-maintained but not modern. Overall, the property shows signs of significant recent updates to major systems and cosmetics, but not a full, high-end renovation of all aesthetic components, aligning with a 'good' condition score.
Pros & Cons

Pros

Exceptional Ski-In/Ski-Out Location: The property is located just steps from the slopes and a short walk to the lifts at Summit Ski Area, offering unparalleled convenience for winter sports and maximizing rental appeal.
Proven Vacation Rental Income Potential: Successfully used as a vacation rental, this property offers strong income-generating potential, with flexible sleeping arrangements that can accommodate up to 10 guests for private owners.
Turn-Key & Recently Upgraded: The condo features modern upgrades throughout, including a brand-new heating unit and a recently replaced roof, ensuring a turn-key experience with reduced immediate maintenance concerns.
Flexible & High Occupancy Layout: Thoughtfully designed with bonus lofts in each bedroom, the layout provides versatile sleeping arrangements and storage, ideal for families or rental groups.
Desirable Mountain Retreat Ambiance: With vaulted ceilings, an open-concept living space, and mountain views, the property offers an inviting and authentic Big Bear mountain retreat experience.

Cons

Condominium Restrictions & HOA Fees: As a condominium, the property is subject to HOA rules and an ongoing association fee ($100/month), which may limit owner flexibility and add to monthly expenses.
Recent Price Reductions: The property has undergone multiple price reductions from its original list price of $475,000 to $445,000, which could suggest initial overpricing or a slower market response.
Shared Wall/Common Area Living: Being a condominium, it involves shared walls and common areas, which might not appeal to buyers seeking complete privacy or extensive private outdoor space.

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