241 Orion Way, Big Bear, California 92315, Big Bear, 92315 - 5 bed, 5 bath
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241 Orion Way
Big Bear, California 92315
ACTIVE
CONDITION: GOOD
5Beds
5Baths
5,067Sq Ft
0Lot Size
Property Price
LIST PRICE$1,750,000
EST. MARKET VALUE
$1,633,042
7% AboveMARKET VALUE
SUMMARY
This Spacious Alpine Retreat represents a Strong Value Opportunity, listed at $1,750,000—positioned well above the $1,633,043 Fair Market Value by -7%. While priced at a premium, the property features a Good Condition Rating, high-end Wolf appliances, and a proven short-term rental history. With over 5,000 sqft and panoramic forest views, it offers significant lifestyle appeal despite local school ratings. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey mountain sanctuary with established income potential.
Estimated Market Value
$1,633,042
Based on Realkey algorithm analyzing recent comparable sales in Big Bear.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 Orion Way Subject 5 bd · 5 ba · 5,067 sqft · $322 | $1,750,000* List Price | 5 | 5 | 5,067 | $322 | - |
A 438 Starlight Circle Sold 4 bd · 4 ba · 4,580 sqft · $433 · 0.2 mi | $1,983,628 | 4 | 4 | 4,580 | $433 | 0.2 mi |
B 42545 Pegasus Sold 5 bd · 4 ba · 3,776 sqft · $339 · 0.0 mi | $1,280,000 | 5 | 4 | 3,776 | $339 | 0.0 mi |
C 42364 Heavenly Valley Sold 4 bd · 4 ba · 3,658 sqft · $342 · 1.0 mi | $1,250,000 | 4 | 4 | 3,658 | $342 | 1.0 mi |
D 42324 Eagle Ridge Rd Active 6 bd · 4 ba · 4,146 sqft · $386 · 0.4 mi | $1,600,000 List Price | 6 | 4 | 4,146 | $386 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005 (21 years old), the property is in Good condition as it is exceptionally well-maintained, functional, and move-in ready. The kitchen features high-end Wolf appliances and granite countertops, and the bathrooms are in excellent working order with quality stone finishes. While the styling is dated, the overall maintenance of the interior and exterior decks is superior for its age.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Alpine Design
Boasting over 5,000 square feet with five bedrooms and five bathrooms, this expansive home features soaring ceilings and an open layout perfectly suited for large-scale entertaining and multi-family gatherings.
- Prime Location & Setting
Situated in the prestigious Castle Glen Estates, the property offers a serene forest setting with breathtaking views while remaining minutes away from Big Bear Lake, world-class ski resorts, and the Village.
- Proven Investment Potential
With an established short-term rental history, this property presents a turnkey opportunity for investors seeking a high-capacity, income-producing vacation rental in a premier four-season destination.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Low School Ratings
The local elementary and middle schools are rated 2 and 3 respectively, which may deter buyers looking to utilize the property as a primary residence for a growing family.
- High Operational Costs
The massive 5,067-square-foot footprint and alpine location likely result in substantial utility and maintenance expenses, particularly regarding heating and exterior upkeep in a snowy climate.
About 241 Orion Way
Welcome to 241 Orion Way, an impressive mountain retreat nestled among the towering pines of Castle Glen Estates. Designed for both relaxation and entertaining, this beautiful Big Bear Lake home blends timeless alpine character with spacious, light-filled living areas and breathtaking forest views. Soaring ceilings, expansive windows, and a warm fireplace create an inviting setting for snowy winter evenings, memorable family gatherings, and peaceful mornings surrounded by nature. The open layout offers plenty of room to host guests, while the outdoor spaces invite you to enjoy crisp mountain air, star-filled skies, and Big Bear’s four-season lifestyle. Ideally located just minutes from the lake, ski resorts, hiking trails, shopping, dining, and the Village, this property offers the perfect balance of privacy and convenience. With an established short-term rental history, 241 Orion Way presents an outstanding opportunity as a full-time residence, personal mountain getaway, or income-producing vacation rental.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- -
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Big Bear Unified Schools
Big Bear Elementary School
Grades K-6 • 2.3 mi
2/10
Big Bear Middle School
Grades 7-8 • 1.8 mi
3/10
Big Bear High School
Grades 9-12 • 2.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 5.0 | 2.0 |
| Square foot | 5,067 | 1,483.784 |
| Lot Size | - | 7,846.216 |
| Price | $1.75M | $496.6K |
| Price per sq ft | $345 | $344 |
| Built year | 2005 | 1980 |
| HOA | $0 | $0 |
| Days on market | 38 | 95 |
Pricing History
Listed for Sale
Sep 16, 2026
$1,750,000
Initial Listing
Sold
Oct 9, 2020
$1,250,000
Public Record
Sold
Mar 27, 2009
$800,000
Public Record
Sold
Mar 1, 2006
$1,499,000
Public Record
Sold
Apr 17, 2003
$107,500
Public Record
Sold
May 16, 2002
$89,500
Public Record