39197 Waterview Drive
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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.
How is cap rate calculated?
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 |
|---|---|---|---|
| Aug 25, 2025 | Sold | ||
| Sold | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2025 | Listed by Re/Max Big Bear | $659,900 | |
| Listed by Re/Max Big Bear | |||
| | |||
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Beautifully updated home located in the sought-after Waterview Drive community, just steps from the lake. This 3-bedroom, 2-bathroom property offers 1,700 sq ft of living space on a generous 9,490 sq ft lot. Enjoy a brand-new kitchen with modern appliances, new flooring, and fresh interior and exterior paint. The layout features two separate dining areas, ideal for entertaining or casual family meals. Additional upgrades include a new 200-amp electrical panel, new light fixtures and ceiling fans, Milgard dual-pane windows, and a cozy wood-burning fireplace. A stackable washer and dryer are included for your convenience. The oversized 2-car garage provides ample space for storage or a workshop. Front and backyard landscaping is underway and scheduled for completion by July 25. Located just a short walk to Pleasure Point Marina and close to restaurants, shopping, and popular ski resorts—this home is perfect for full-time living, weekend getaways, or as an investment property. Note: Home has been virtually staged. Furnishings and décor are for illustrative purposes only.
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| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 25, 2025 | Listed by Re/Max Big Bear | $549,900 | |
| Listed by Re/Max Big Bear | |||
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About Big Bear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017