241 Orion Way, Big Bear, California 92315, Big Bear, 92315 - 5 bed, 5 bath
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Big Bear, California 92315
This High-Performing Mountain Retreat is a Strong Value Opportunity, listed at $1,750,000, which aligns closely with its $1,721,392 Fair Market Value. Featuring a Good Condition Rating and 5,067 sqft of living space, this property offers a turnkey experience with breathtaking forest views and an expansive deck. With a proven track record of $75,000–$115,000 in annual rental income, it serves as a robust asset for Buy-and-Hold Investors or Second-Home Owners seeking a luxury mountain lifestyle in the prestigious Castle Glen Estates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Orion Way Subject | $1,750,000* List Price | 5 | 5 | 5,067 | $340 | - |
A 42545 Pegasus Sold | $1,280,000 | 5 | 4 | 3,776 | $339 | 0.0 mi |
B 42530 Pegasus Sold | $1,250,000 | 4 | 4 | 3,065 | $408 | 0.1 mi |
C 325 Stoney Creek Road Active | $1,499,000 List Price | 5 | 4 | 4,000 | $375 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005, this 19-year-old property falls within the 10-20 year range for 'Good' condition. The kitchen and bathrooms feature high-end original finishes including granite countertops, stainless steel appliances, and custom cabinetry that appear well-maintained and fully functional. The home is move-in ready with no visible deferred maintenance.
The property is a high-performing short-term rental generating between $75,000 and $115,000 annually, offering a turnkey opportunity for investors seeking immediate cash flow.
Situated in the exclusive Castle Glen Estates, the home offers a premium mountain lifestyle with close proximity to Big Bear Lake, ski slopes, and the village.
With over 5,000 square feet and a 5-bedroom, 5-bathroom configuration, the residence is ideally suited for large-scale entertaining and multi-generational family retreats.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5067, other record living area = 4479. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The local elementary and middle schools are rated low (2/10 and 3/10), which may deter families looking for a primary residence with high-quality educational options.
With 104 days on the market, the property is seeing a slower absorption rate compared to the broader market, potentially indicating pricing sensitivity or a niche buyer pool.
Welcome to 241 Orion Way — a mountain retreat tucked within the prestigious Castle Glen Estates of Big Bear Lake, where luxury meets the serenity of nature. From the moment you arrive, you’re greeted by timeless alpine architecture, towering pines, and the kind of peaceful setting that instantly makes you exhale. Inside, the home opens up to warm, inviting living spaces highlighted by soaring ceilings, expansive windows, and natural light that pours in while framing breathtaking forest views. The heart of the home is designed for connection — whether you're gathering around the fireplace on a snowy evening, hosting family dinners, or enjoying quiet mornings with a cup of coffee as the sun filters through the trees. Every space feels intentional, blending comfort with elevated mountain living. Step outside and you’ll discover the true magic of Big Bear living — crisp mountain air, star-filled skies, and room to unwind or entertain. Whether it’s cozy winter weekends or summer days spent exploring nearby trails and the lake, this home offers the perfect balance of escape and accessibility. And here’s what truly sets this property apart — it’s not just a retreat, it’s also a proven performer. With strong short-term rental history, this home generates approximately $75,000–$115,000 per year in rental income, making it an exceptional opportunity for both lifestyle and investment. Located in one of Big Bear’s most sought-after communities, Castle Glen Estates offers a refined mountain lifestyle just minutes from the lake, village, ski slopes, and year-round adventure.
No exterior & parking available.
Grades K-6 • 2.3 mi
Grades 7-8 • 1.8 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 5,067 | 1,616 |
| Lot Size | - | 14,100 |
| Price | $1.75M | $526.5K |
| Price per sq ft | $345 | $351 |
| Built year | 2005 | 1988 |
| HOA | $0 | $0 |
| Days on market | 112 | 100 |
Apr 1, 2026
$1,750,000
Initial Listing
Oct 9, 2020
$1,250,000
Public Record
Mar 27, 2009
$800,000
Public Record
Mar 1, 2006
$1,499,000
Public Record
Apr 17, 2003
$107,500
Public Record
May 16, 2002
$89,500
Public Record