492 Bailey Creek Dr Lake Almanor Peninsula, California

Spacious Mountain Retreat in Bailey Creek at Lake Almanor. This beautifully appointed and exceptionally spacious home offers 5 bedrooms, 3 bathrooms, and an impressive 3,893 square feet. Thoughtfully designed for flexible living—perfect for multi-family use, entertaining, or investment potential.

The main level features 3 bedrooms and 2 bathrooms, highlighted by a stunning great room with custom open-beam ceilings and rock fireplace with gas log insert. The gourmet kitchen is both functional and inviting, complete with a farm sink, 6-burner gas stove, and flows smoothly into the open dining and living areas. French doors from both the living room and the primary suite lead to a spacious, fully covered upper deck overlooking the private backyard.

The expansive lower level offers incredible versatility, featuring a massive family/rec room, a full bar area, a second full kitchen, 2 additional bedrooms, and a full bathroom. With direct access to the backyard, this level can easily function as a separate living space. Step outside to a well-designed outdoor oasis, complete with horseshoe pits and a custom patio with full outdoor kitchen, including a built-in BBQ, flat-top grill, and smoker. At the rear of the property, enjoy the tranquil setting of seasonal Bailey Creek, currently flowing beautifully in its springtime peak, all surrounded by serene forest views.

Additional features include a 2-car garage, central forced air heating and air conditioning, a tankless water heater, and an automatic generator for year-round comfort. Located just seconds from the championship 18-hole Bailey Creek Golf Course and clubhouse, and only minutes from Lake Almanor’s marinas, restaurants, and Peninsula amenities, this home offers the best of mountain living with convenience.

Currently operating as a successful short-term rental, this property presents an outstanding opportunity as both a private retreat and income-producing investment. Most furnishings are negotiable.