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771 Silver Tip Drive
About This Property
Recently repainted in 2024 and extensively remodeled in 2025 with over $150,000 in upgrades, this home seamlessly blends modern luxury with timeless mountain charm. The bright and airy main level features vaulted tongue-and-groove ceilings with exposed beams, abundant natural light, and a skylight that enhances the inviting open-concept living space. The stunning remodeled kitchen showcases custom cabinetry, a spacious island with abundant storage, quartz countertops, glass orb pendant lighting, recessed lighting, and premium appliances including KitchenAid double ovens, a four-panel refrigerator, and Bosch induction cooktop, telescoping vent, and dishwasher. A new Grohe faucet and wire-brushed white oak flooring throughout complete the sophisticated design. The living area centers around a cozy gas fireplace and opens to expansive front and back decks, including a hot tub hookup and a private fenced hillside backyard ideal for pets and outdoor enjoyment. The luxurious primary bathroom has been fully reimagined with custom tile, radiant heated floors, a standalone soaking tub, dual sinks, dual medicine cabinets, and a spacious wet-room style shower. Additional improvements include Milgard fiberglass WUI-compliant windows, Milgard French and sliding doors, mini-split AC/heat pump system, upgraded lighting, ceiling fans, and a private downstairs apartment space with separate stairwell access, kitchenette, and new window-ideal for guests or flexible living. Additional highlights include a south-facing driveway with parking for three vehicles, attached 1-car garage, and convenient access to hiking, skiing, dining, and year-round mountain recreation.
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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.
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 |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 16, 2026 | Price Decreased |
$650,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Aug 12, 2026 | Price Decreased |
$665,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| May 22, 2026 | Listed by REDFIN | $679,999 | |
| Listed by REDFIN | |||
| Sep 24, 2022 | No longer available | - | |
| No longer available | |||
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About Big Bear Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017