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39080 Waterview Drive
About This Property
Immaculate custom mountain home with lake views, extensive upgrades, and multiple entertainment spaces designed for full-time living, second home use, or short-term rental use subject to local regulations. Built in 2009, this 4 bedroom, 3 bath home offers approximately 3,698 sq ft with vaulted ceilings, recessed lighting, and an open-concept layout ideal for group gatherings. Newly remodeled kitchen features oversized island seating, updated counters, stainless appliances, double ovens, gas cooktop, and custom wood cabinetry. Recent improvements include fresh interior paint and new custom exterior siding. Main living area opens to a large rear deck surrounded by pine trees with filtered lake and forest views. Lower level includes oversized game room/lounge area with flexible recreation and media space. Wide driveway, attached garage, and modern entry design provide added functionality for seasonal or multi-guest occupancy. Located near Big Bear Lake shoreline access, Boulder Bay, marinas, hiking trails, boating, kayaking, fishing, mountain biking, village dining, and winter recreation. Convenient access to Snow Summit and Bear Mountain resorts. Property includes Zillow 3D walkthrough and video tour. Strong combination of lake views, entertainment layout, parking, upgraded finishes, and mountain-lake setting.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2026 | Price Decreased |
$1,260,000
↓ $35K
(2.7%) | |
| Price Decreased | |||
| Aug 17, 2026 | Price Decreased |
$1,295,000
↓ $44K
(3.3%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$1,339,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$1,359,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Jun 4, 2026 | Price Decreased |
$1,369,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017